RESAAS boss reports revenue highlights from last six months

Real estate social network parent company and one of the largest global proptech platforms, RESAAS Services Inc.'s President and CEO, Tom Rossiter, has released the highlights for the last six months which ended on June 30, 2019.

Those highlights include:

• Increased revenue to $518,873, an increase of 67%
• Decreased expenses by $2,217,011, or 51%
• Decreased net loss by $2,446,213, or 61%

Enterprise customers upgrading to the new features, along with private platform development for new proptech companies can be attributed to the continued rise in revenue seen by RESAAS

“RESAAS has over 460,000 real estate agents registered on its Platform, of which over 400,000 are based in the United States. Our Enterprise customers recognize RESAAS as a critical technology partner and continue to engage us to further integrate within their infrastructure,” said Tom Rossiter, Chief Executive Officer of RESAAS. “We are only at the beginning of commercializing and monetizing our Platform and will continue to improve our Platform to help agents communicate, refer and transact amongst each other on a global scale”.

Visit Sedar.com for the company’s public filings.

SOURCE RESAAS Services Inc.
Edited by V. Haviland

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