HS GovTech develops and sells to governments software-as-a-service applications for managing data and communications.
Strong Q1/23 Points to Co. Turning EBITDA Positive Later in Year: http://ow.ly/SsfO50NHpLV
$HS:CSE $HDSLF #SaaS #tech #stocks
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$HDSLF reports their Q3 ‘22 results, highlighting consistent growth momentum. $4.56M total revenues up to Q3, a +14% YoY growth; annual recurring revenue under contract increased to $6.02M vs $4.16M in Dec ‘21. Pipeline looks positive with a growing number of agencies being onboarded and the anticipation of a significant number of RFP submission responses being in late stages of award decision. https://www.newswire.ca/news-releases/hs-govtech-solutions-inc-reports-q3-2022-results-816974983.html
Global Software as a Service Market Size Is Projected To Reach $700 Billion By 2030 $CSCO $HDSLF $SNOW $TTD $TYL
https://newsfilter.io/a/215c08ea6474f70fd09c45e53876c0f1
Based on the press release HS GovTech Solutions ($HS.c $HDSLF) shared today it seems that the company's strong Q2 sales have been bolstered by their recently released GovCall.
$HS developed GovCall as a teleconferencing solution specifically for government agencies.
With the video conferencing market expected to grow to US$22.5 billion by 2026 it is no wonder why GovCall is doing well.
The browser-based service is fully integrated with $TM's other SaaS offerings. Plus in the private sector, GovCall provides more features at a lower corporate cost than the majority of $TM's competitors.
https://ca.finance.yahoo.com/news/hs-govtech-strong-q2-sales-113000931.html
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Software as a Service Market Estimated To Reach $208 Billion By 2023 $HDSLF $MSFT $MSI $SHOP $ZM
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HS GovTech Solutions ($HS.c $HDSLF) recently released its 2021 financials which are really promising IMO.
In 2021 the sales that $HS closed had a total lifetime revenue of $9.9M, which was up from $5.91M the year prior.
The company's revenue increased to $5.68 million in 2021 from $1.66 million in the five months that ended December 31, 2020, and $2.65 million in the year that ended July 31, 2020.
https://ca.finance.yahoo.com/news/hs-govtech-solutions-inc-reports-113000470.html
