Urbanimmersive Inc V.UI

Alternate Symbol(s): UBMRF

Technology Software - Application

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.

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Urbanimmersive Inc

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Post by prophetoffactzon Aug 25, 2022 4:33pm

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Post# 34920901

Strategic plan validated: 65% sequential growth in 3D tours

There were no acquisitions in Q2 2022 and Q3 2022 and 3D tours increased 65% sequentially from 3,806 to 6,270. The company claims its strategic plan for accelerated growth has now been validated setting the stage for the next steps.
"The integration of those businesses is already a great success for us, it validates our strategic plan for accelerated growth and sets the stage for the next steps. Although the real estate market is still weak with a number of real estate transactions in decline, we have nevertheless managed to grow our new photography service business while generating attractive margins that should improve over time", said Ghislain Lemire, President and CEO of Urbanimmersive."
"For Q2-22, the Company sold 3,806 immersive 3D tours compared to 1,122 tours in Q2-21, an increase of 2,684 tours or 239%;"
"For Q3-22, the Company sold 6,270 immersive 3D tours compared to 1,551 tours in Q3-21, an increase of 4,719 tours (304%);"