Ottawa software firm reported revenues of just $78,000 for the fiscal year ending Dec. 31, 2021, down from $327,000 the previous year.
The firm brought in just $78,000 in total revenues in the first half of 2021 after generating record sales of $327,000 in 2020.
Struggling company brought in $327,000 last year, up from $32,000 in 2019.
Company hopes decade-long effort to develop secure data-transfer technology will finally bear fruit after getting the green light to sell its products to the federal government.
An Ottawa-based software company says its planned acquisition of a local data centre has hit a roadblock as it struggles to secure financing for the deal.
An Ottawa-based software company believes its path to positive cash flow is in the acquisition of a local data centre and co-location business
A roundup of local companies doing work with the federal government in the past week
A failure to convert pilot projects into paying customers is keeping Ottawa-based Leonovus in the red, according to the firm’s third-quarter earnings released Monday
Leonovus is making some changes to its product lineup in an attempt to get cash flowing into the business, claiming its latest major offering was too “futuristic” to garner public interest
A round-up of Ottawa executives moving up and moving on to new roles across the city