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Urbanimmersive Inc V.UI

Alternate Symbol(s):  UBMRF

Urbanimmersive Inc. is a Canada-based company, which develops and markets real estate photography technologies and services. The Company is engaged in developing and commercializing immersive, which is a software as a service (SaaS) platform offering immersive marketing solutions, three-dimensional (3D) photographic equipment and photography services to professional photographers. Its segments include Software, Photographic Equipment and Services. The Software segment offers a SaaS marketing platform to professional photographers and other immersive visual content providers. The Photographic Equipment segment offers a resale service of 3D photographic equipment. The Service segment offers real estate photography and floor plans and measurement services. Its products and services include Print, Visual Media, Property Website, Floor Plan + and 3D Tour & Floor Plan. Through its HomeVisit printing facilities, it provides print solutions for real estate agents.


TSXV:UI - Post by User

Post by eKanameStockon Aug 23, 2021 11:40am
161 Views
Post# 33748456

Little digging on GraphicID

Little digging on GraphicIDHey everyone,

First of all, I am doing the same type of project as yesterday and should be posted shortly after. In the upcoming report, I am hitting other markets in Quebec and Ottawa as well. Will also attempt at doing in the US such as Florida (If I find a proper MLS, is UI only partnered with Centris?)

Back to the main point, I have done some research through the company's past news and stumbled upon this news release.

https://www.urbanimmersive.com/technologies-urbanimmersive/marketing/leading-real-estate-photography-agency-graphicid-selects-urbanimmersive-s-marketplace-for-all-customer-transactions

"
The real estate division of GraphicID generated an average of $250,000 annually for the last three fiscal years. "

This news was posted back in 2017. We acquired in June 2021 GraphicID and what's interesting here is "Real Estate Division" meaning the revenue is for that specific division of that company ($83,333k/yr).

Assuming that they've been growing since 2017, then this purchase was definitely worth it considering the fact that they are profitable as well.


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