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OneSoft Solutions Inc. (symbol: OSSIF) is a leading North American developer of cloud-based business solutions, offering software technology to transition legacy applications to the Microsoft Azure Cloud Platform. The company's Cognitive Integrity Management ("CIM") platform uses Data Science and Machine Learning to analyze big data for Oil & Gas pipeline operators, predicting pipeline failures and ensuring regulatory compliance. With recent international expansions and strategic partnerships, OneSoft Solutions is pioneering cost-efficient, subscription-based SaaS solutions, positioning itself as a global leader in the industry.
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OneSoft Solutions Inc. will be presenting at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024. The company reported $10.4 million in revenue for 2023, a 51% increase over 2022, with a revenue guidance of $15-16 million for 2024. The COO highlighted the growth driven by SaaS solutions and expanding opportunities in the US and internationally. The presentation will be hosted by Brandon Taylor, with 1x1 investor meetings on May 2, 2024.
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OneSoft Solutions Inc. announces the establishment of sales operations by its subsidiary, OneBridge Solutions, to target potential customers in the European, Middle East, and African regions with over 250,000 miles of oil and gas pipelines. The Company aims to expand its Cognitive Integrity Management Platform within EMEA through direct sales efforts, recruiting regional partners, and participating in industry events.
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OneSoft Solutions Inc. (OSSIF) reports a 51% increase in revenue for Fiscal 2023, reaching $10.4 million, with a 33% increase in Q4 2023. Gross profit improved by 60% to $7.8 million. Net loss decreased by $1.6 million to $1.4 million in Fiscal 2023. Cash and cash equivalents increased to $4.9 million. Adjusted EBITDA improved to a near-breakeven loss of $0.1 million. The Company's CIM platform continues to gain traction in the O&G industry, with expanded customer relationships and new functionality modules. Fiscal 2024 outlook includes revenue guidance of $15-16 million, representing a 44-54% increase over Fiscal 2023.
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OneSoft Solutions Inc. will release its Fiscal 2023 financial results on April 1, 2024, followed by a live webinar hosted by the CEO, President, and CFO on April 2, 2024. The webinar will provide Company updates and allow for attendee questions. Conference call details are provided for participant access.
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OneSoft Solutions Inc. (OSSIF) has been recognized as a top performer by the TSX Venture Exchange in the Technology sector for its impressive growth metrics in 2023. The Technology sector saw significant market cap and share price appreciation, indicating strong investor interest. OneSoft's CEO highlighted the company's operational progress, with 50% year-over-year revenue growth and a path towards cash positive operations in 2024.
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OneSoft Solutions Inc. releases a corporate update with preliminary unaudited financial data for Fiscal 2023 and guidance for Fiscal 2024, showcasing a 51% revenue increase to $10.4 million and an improved Adjusted EBITDA from a loss of $2.0 million to a loss of $85,000. The company anticipates revenue growth in 2024, projecting revenue between $15 million to $16 million and Adjusted EBITDA between $1.6 million to $1.9 million.
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OneSoft Solutions Inc. announces the release of new functionality modules at the Pipeline and Pigging Integrity Management conference, including Crack Management, Internal and External Corrosion Management, and Geohazard Management. The company showcases the integration of Modified MAT-8 and Pressure Cycle Fatigue Analysis into their Cognitive Integrity Management software, providing users with advanced crack assessment capabilities. Additionally, OneBridge introduces enhancements to their Internal Corrosion Management solution and Phase 1 components of their External Corrosion Management solution at the event.
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OneSoft Solutions Inc. (OSS) renews the appointment of Sophic Capital Inc. as its Capital Markets Advisory firm, with a 12-month engagement on a fee-for-services basis of $7,000 per month. Sophic Capital will manage OneSoft's investor relations activities and has been granted 500,000 options to purchase OneSoft shares at a price of $0.75 per share.
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OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announces a 33% and 59% increase in Q3 and year-to-date revenue, with Q3 Fiscal 2023 revenue at $2.8 million. The company's gross profit improved by 38.3% to $2.1 million, and net income increased by 139.6% to $118,892. OneSoft reiterates its Fiscal 2023 guidance with a forecasted revenue of $7.5 million year-to-date. The company's business operations and sales activities are progressing as expected, with a webcast scheduled to discuss the financial results.
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OneSoft Solutions Inc. (OSS) announces the release of its third quarter fiscal 2023 financial results on November 16, 2023. A live webinar hosted by the CEO, CFO, and President will follow to review the results, provide updates, and answer investor questions. Conference call details are provided for participation.
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FAQ
What is the current stock price of ONESOFT SOLUTIONS (OSSIF)?
The current stock price of ONESOFT SOLUTIONS (OSSIF) is $0.63 as of October 15, 2024.
What is the market cap of ONESOFT SOLUTIONS (OSSIF)?
The market cap of ONESOFT SOLUTIONS (OSSIF) is approximately 77.0M.
What does OneSoft Solutions Inc. specialize in?
OneSoft Solutions focuses on developing cloud-based business solutions and software technology to transition legacy applications to the Microsoft Azure Cloud Platform.
What is the Cognitive Integrity Management platform?
The Cognitive Integrity Management platform, known as CIM, utilizes Data Science and Machine Learning to analyze big data for Oil & Gas pipeline operators, predicting pipeline failures and ensuring regulatory compliance.
What recent achievements has OneSoft Solutions Inc. accomplished?
OneSoft Solutions has signed multi-year agreements with international clients, expanded its customer base, and established strategic partnerships to drive growth and innovation in the industry.
How is OneSoft Solutions positioning itself in the market?
With a focus on cost-efficient, subscription-based SaaS solutions, OneSoft Solutions is leading the industry in providing advanced software technology and predictive analytics to enhance operational efficiency for pipeline operators.
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