Urbanimmersive Inc V.UI

Quarter Results

[kaykay22222]

"In this seller market, many transactions are even completed before having time to be listed, meaning no virtual tours are produced. In that context, we are proud to have been able to deliver those results and very encouraged about our future, in particular with the strong growth observed recently in the use of our immersive 3D tours and floor plans services and our positioning on the market, while expecting a return to normal in real estate activities later this year."

[kaykay22222]

confirms all the competitive advantages and potential of our solutions in such environments and should contribute to increase our recurring revenues and diversify our operations. Our preliminary agreement with Prospect Software should also allow us to expand our activities more quickly with major players in the real estate space. Those key milestones, our recent progress in product development

[kaykay22222]

This very important quarter set the foundations for new growth drivers and sources of recurring income for our Company. First, we anticipate that our unique interactive 3D tours (UiMeet3D), for which demand is already very strong, will be able to be used very soon in many business segments, in particular by real estate agents and retailers. The announcement of our first contracts to offer

[prophetoffacts]

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[Torontojay]

With real estate transactions down 50% and software revenues slightly lower than last year it is not all that bad. What is the correlation between software revenue and real estate listings?  If the number of listings double over the next few years does that mean software revenue doubles? It is something to think about.  I believe the pandemic crisis is the biggest reason for people

[kaykay22222]

Hey Jay, 95% of revenue in Q1 came from single property websites. (billed $15 each transaction) What you a bit forgot is that revenue will also increase from upselling (3D tours will be $40 per transaction) and UImeet3D will convert to subscription service starting this fall. So revenue can increase very much even without a recovery of the overall market. And then there are also different