Techopia

Northern Forge Studios recently caught the attention of serial entrepreneur Jason Flick, who was looking for new projects after vacating the CEO chair at You.i TV.

The funding is part of a $68.2-million package announced by the federal government for 17 Canadian cleantech companies earlier this year.

In financial filings this week, Ottawa-based company says it brought in $939,000 in revenues in its fiscal year ending Oct. 31, 2022, down from about $1.3 million the previous year.

New co-CEO says Ottawa firm – which develops “low-code” custom mobile apps that allow field workers in heavy industries such as oil and gas to collect, send, and receive data like maintenance and compliance reports – is “just scratching the surface” of its potential.

Backed by new ownership, the Ottawa firm that helps colleges and universities manage educational platforms and sell electronic textbooks says it’s primed to go the distance in its battle for global market supremacy.

As tech companies carry out rounds of layoffs, Shopify Inc.'s president says there are no more cuts in the works for the Ottawa-based e-commerce company.

A prominent analyst predicts Shopify could ally with Amazon as both companies navigate shifting consumer habits and an economic slowdown.

The result for the period ended Dec. 31 amounted to a net loss of 49 cents per diluted share compared with 30 cents per diluted share in the same quarter the year before.

The Kanata-based firm, which makes wireless network troubleshooting software, reported sales of $4.05 million for the three-month period ending Dec. 31, down from $4.45 million the previous year.