Sector: Technology | Industry: Software |
Company Contact | |
Address: | #4227, 10230 Jasper Avenue EDMONTON AB T5J 4P6 |
Tel: | 1-647-4947710 |
Website: | https://www.onesoft.ca |
IR: | See website |
Key People | ||
Brandon Taylor President, Chief Operating Officer | R. Dwayne Kushniruk Chief Executive Officer, Director | Paul D Johnston Chief Financial Officer | David S. Tam Corporate Secretary |
Business Overview |
OneSoft Solutions Inc. is a Canada-based developer of cloud-based business solutions. The Company provides software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft Azure Cloud Platform. It is focused on incorporating data science and machine learning (a component of artificial intelligence), business intelligence and predictive analytics to create subscription-based software-as-a-service (SaaS) solutions. Its SaaS solutions enable oil and gas pipeline companies to help decision making regarding pipeline integrity, safety, operational logistics and regulatory compliance matters. The Company conducts its operations through subsidiaries, which include OneBridge Solutions Canada Inc. (OBS CA), OneBridge Solutions, Inc. (OBS USA) and OneCloudCo Limited. OBS USA provides software development services to OBS CA and performs sales and marketing activities for OBS CA in United States and internationally. |
Financial Overview |
For the three months ended 31 March 2024, OneSoft Solutions Inc revenues increased 32% to C$2.9M. Net loss increased 12% to C$729K. Revenues reflect Subscriptions to use software segment increase of 27% to C$2.4M, Software related services segment increase of 61% to C$538K, United States segment increase of 34% to C$2.8M, Canada segment increase of 2% to C$64K. Higher net loss reflects General and administrative increase from C$267K to C$607K |
Employees: | 42 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $80.82M as of Mar 31, 2024 |
Annual revenue (TTM): | $11.09M as of Mar 31, 2024 |
EBITDA (TTM): | -$1.35M as of Mar 31, 2024 |
Net annual income (TTM): | -$1.44M as of Mar 31, 2024 |
Free cash flow (TTM): | $3.04M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 122,277,278 as of Apr 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |