Michael Gaffney

Embattled Ottawa software firm Leonovus sells assets to Delaware company for $2.5M

Techopia

Leonovus announced this week that Delaware-based Cylentium Research Ltd. has acquired the Ottawa company’s software and intellectual property.

Leonovus has ‘no clear path to revenue,’ software firm says in Q2 financial filings

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Ottawa company said it brought in revenues of $5,000 in the three-month period ending June 30, compared with zero sales a year earlier.

Struggling Leonovus posts zero new sales in Q1

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Software firm that brought in less than $100,000 in sales last year reported no revenues in the first three months of 2022 as its struggle

Leonovus banking on federal offer to boost struggling software firm’s fortunes

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Ottawa software firm reported revenues of just $78,000 for the fiscal year ending Dec. 31, 2021, down from $327,000 the previous year.

Leonovus posts zero revenues in Q2 as software firm chases government contracts

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The firm brought in just $78,000 in total revenues in the first half of 2021 after generating record sales of $327,000 in 2020.

Ottawa software firm Leonovus posts tenfold rise in revenues in 2020

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Struggling company brought in $327,000 last year, up from $32,000 in 2019.

Leonovus boss ‘bullish’ on struggling Ottawa software firm’s future

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Company hopes decade-long effort to develop secure data-transfer technology will finally bear fruit after getting the green light to sell its products to the federal

Ottawa’s Leonovus signs deal to acquire Kanata co-location facility PureColo

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An Ottawa-based software company believes its path to positive cash flow is in the acquisition of a local data centre and co-location business

Struggling Leonovus says it needs to bring in cash by end of 2019

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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

Sales delays return Ottawa’s Leonovus to zero revenues in Q1 2019

Techopia

Leonovus (TSX-V:LTV) continues to struggle as delays in contracts and proofs of concept with prospective customers push revenues further into the future and expenses drive