RenoWorks Software grows recurring revenue with AI tools for home design platform

RenoWorks Software Inc (TSX-V:RW, OTC:ROWKF) CEO Doug Vickerson talked with Proactive's Stephen Gunnion about the company’s continued growth and investment focus as it expands its AI-powered home design platform. Vickerson outlined how RenoWorks is helping users, including homeowners, contractors, and manufacturers, virtually remodel their homes using real manufactured products. He explained that answering the question "What will my remodel project look like when it's done?" is at the core of their offering. The company has shifted its focus in recent years to grow its licensing and hosting revenues, with the goal of increasing annual recurring revenue (ARR). “We made some significant investment in our product platform… and we're starting to see that come to fruition now,” Vickerson said. He highlighted consistent growth in licensing revenues over the last three quarters, noting that Q3 results showed strong gains alongside margin improvements. On the innovation front, RenoWorks has been leveraging AI for more than six years. Vickerson said that while AI terminology is widespread today, RenoWorks has long used machine learning, and new advances are enabling what he called “revolutionary” enhancements in design software. The company is working to simplify AI adoption for its customers, especially in exterior renovations, by offering tailored tools for the industry. Looking ahead to 2026, the company plans to maintain its focus on ARR growth and on enhancing product functionality using the latest AI developments. Visit Proactive’s YouTube channel for more videos, and don’t forget to give the video a like, subscribe to the channel and enable notifications for future content. #RenoWorks #HomeRenovationTech #AIDesignTools #RemodelingSoftware #ARRGrowth #DougVickerson #RenovationVisualization #ConstructionTech #PropTech #ProactiveInvestors