RenoWorks Software Inc. (TSXV:RW)

RenoWorks Software Inc. is a Canadian software technology firm specialized in providing visualization solutions for new home construction and remodeling. RenoWorks Software is a public company listed on the Toronto Venture Stock Exchange where its common shares are traded under the stock quote RW.

The company was formed in August 2002 with a head office in Calgary, Alberta. It was recognized as one of the TSX Venture 50 companies in 2019.

The company, through its digital visualization platform, delivers a wide range of visual and integration services to the residential renovation and construction sectors, including:

• Web visualizer

• Scene builder

• Design services

• Auto-recognition

• Product library

• Product configuration

• 3D models and measurements

• Mobile visualizer apps

• Renoworks analytics

• Customer analytics

• Integration and API (Application Programming Interface)

RenoWorks offers Software-as-a-Service (SaaS) based building products that aids homeowners and operators to review the home or any such residential building in a virtual but hyper-realistic 3D environment before engaging in buying and construction activities. The company’s library solutions feature cabinets, fireplaces and millwork, counters, doors, flooring, garage doors, paint, masonry, and coatings, shutters, roofing, siding, tiles and counters, and windows.

Its technologies help in capturing personal views and preferences of customers which ultimately facilitate leads, reduce unnecessary costs and increase revenue growth. It enables the owners/ purchaser to make smarter and realistic decisions.

Apart from homeowners, the company markets and distributes the customized visually aided software products and services to manufacturers, material suppliers, contractors and remodelers, marketing agencies, and builders, which enhances customer engagement, and offers valuable insights to improve the construction and remodeling process.

RenoWorks generates revenue by commercializing its software technologies as a fully integrated innovative customer engagement, marketing and sales platform through five primary business segments, including:

• Renoworks Enterprise

• Renoworks FastTrack

• Renoworks PRO

• Renoworks API

• Renoworks Design Services

The clientele of the company includes Royal Building Products, James Hardie, Sherwin Williams, Alside, Ply Gem, ProVia, Menards, CertainTeed, ABTCO Vinyl Siding, AEP SPAN, Alpha Building Centre Inc., American Original, Andersen, ATLAS, Fagan Door, Fusion Stone, Gentek, Home hardware, LUX and many more.