RenoWorks Q2 FY26 turns to net loss of CAD 191,989; revenue falls to CAD 1.8 million

Reuters2026/08/27 10:00

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RenoWorks posted Q2 revenue of CAD 1.8 million, down from CAD 2.16 million a year earlier.
Net loss widened to CAD 191,989 from net income of CAD 25,737 in Q2 2025; adjusted EBITDA fell to (CAD 168,061) from CAD 60,298.
Recurring revenue rose 38% year-over-year to CAD 1.22 million; gross margin improved 4 percentage points to 80%.
First-half revenue slipped 9.5% to CAD 3.64 million on an expected 80% drop in design services, partly offset by licensing growth.
CEO Doug Vickerson cited investment in an AI-enabled next-generation platform spanning visualization, product intelligence, measurement/estimation, and lead analytics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RenoWorks Software Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608270600CANADANWCANADAPR_C5220) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RenoWorks Q2 FY26 turns to net loss of CAD 191,989; revenue falls to CAD 1.8 million

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