Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

RESAAS professional user base grows strongly

Wednesday, November 30, 2016 7:41
% of readers think this story is Fact. Add your two cents.

RESAAS Services Inc (CNSX:RSS), the Vancouver-based software firm that has developed a fast-growing social network platform for the real estate industry, said its professional user base had grown 10% in the past year.

In an update covering the third quarter RESAAS said it had amassed 413,033 professional users by September 30, up from 375,343 12 months earlier. At the end of the second quarter the figure was 398,235.

For the nine months ended September 30 the company generated revenues of $202,201, almost double the amount it made a year ago.

As is common with companies at this formative stage of their commercial development, RESAAS was loss-making. The net loss for the nine months was $6.2mln.

More importantly the firm was sitting on cash of $7.3mln.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.