Added to YB: 2025-06-19
Pitch date: 2025-06-17
RW.V [neutral]
RenoWorks Software Inc.
Author Info
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Company Info
RenoWorks Software Inc. develops and distributes digital visualization software for the renovation and new home construction sectors in the United States, Canada, and internationally.
Market Cap
CAD 9.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-118.25
P/E
502.23
EV/Sales
1.00
Sector
Software
Category
growth
Renoworks Software
RW.V: Niche software for building product visualization. 350+ manufacturers, 5M+ homeowners use annually. 15% rev CAGR, always breakeven while expensing R&D (~20% sales). Contractor segment exploded: $0.75M in 2024 vs $0.25M in 2023. TAM: 200K US contractors x $3K = $600M opportunity vs current $11M market cap. AI advancement enables faster 2D/3D rendering. Data moat from 300+ tracked homeowner datapoints. Deferred rev spiked on large projects. CEO targets 30% growth. Risk: perpetual breakeven like CreditRiskMonitor, renovation slowdown, customer concentration (West Lake 35% sales). Competitors: Chameleon Power, Hover (larger, more funded). In talks w/ Owens Corning for $250K-$400K deal. Volatile stock, may retreat for entry.
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