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2 stories mentioning RSS.VUpdated 20d ago

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Mining & Metals

RESAAS Services Swings to First-quarter Profit, Higher Revenue

RESAAS Services (RSS.V) after trade Thursday swung to a first-quarter profit on higher revenue.The company earned $8,627 in the quarter ended March 31, compared with a loss of $69,045 a year ago. RESAAS said that this is the second straight profitable quarter, and the gain was mainly driven by higher revenue and lower stock-based compensation, partly offset by increased research and development spending.Revenue rose 98% year-over-year to $302,470 from $152,681 in the year-ago quarter. "This growth was driven by an increase in recurring SaaS subscription revenue, promotional subscription revenue, CODE revenue, and enterprise referral platform revenue, including non-cash consideration measured at fair value in accordance with IFRS 15," the company said.Looking ahead, the company said key growth drivers for 2026 and beyond include continued onboarding of new enterprise customers and increased use of existing referral networks through partners such as Savills and Chestertons, along with other global clients.

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Mining & Metals

RESAAS Services to Raise up to $1.8 Million in Private Placement of Shares

RESAAS Services (RSS.V), up 11% on last look, Monday said it plans to raise up to $1.8 million through a private placement of shares.The offering is being completed in connection with a concurrent block trade, whereby certain company shareholder will sell an equivalent number of their common shares to a single institutional investor.The offering and the block trade are conditional upon one another.Both the offering and the block trade are priced at $0.45 per share, equal to the closing price of RESAAS shares on the TSX Venture Exchange on April 10.The $1.8 million proceeds will be used to strengthen the company's balance sheet and for general working capital.RESAAS shares were last seen up $0.05, to $0.50, on the TSX Venture Exchange.Price: $0.50, Change: $+0.05, Percent Change: +11.11%

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