A failure to convert pilot projects into paying customers is keeping Ottawa-based Leonovus in the red, according to the firm’s third-quarter earnings released Monday
Leonovus is making some changes to its product lineup in an attempt to get cash flowing into the business, claiming its latest major offering was too “futuristic” to garner public interest
A round-up of Ottawa executives moving up and moving on to new roles across the city
Leonovus posted a net loss of nearly $5 million in 2018 as it ramped up its spending on R&D and sales and marketing, the company announced this week.
Ottawa-based Leonovus says it’s been the victim of a “sophisticated bank fraud scam” and is looking into how badly the damages will affect its bottom line.
A major push in hiring and R&D over the course of 2018 have set Leonovus up to record revenues for the first time in years heading into 2019.
Leonovus continues to strike an optimistic tone on its numerous customer trials, but the software storage firm’s share price has dwindled this year on promises of revenue to come.