Renoworks Achieves Significant ARR Growth with Early Adoption of LeadPOD and AI Design Assistant
Five existing manufacturer customers across roofing, siding, trim, doors, and kitchen cabinets have already signed agreements, expanding their contribution to Renoworks' annual recurring revenue ("ARR") from USD
This early adoption demonstrates the broad applicability of Renoworks' AI-powered homeowner engagement platform across multiple building product categories. It also validates the Company's strategy of embedding AI analytics and generative design capabilities into remodel workflows, creating measurable revenue lift for customers while accelerating Renoworks' own ARR expansion.
"The rapid uptake of these solutions highlights both the pent-up demand for AI-enabled homeowner engagement tools and the scalability of our Software-as-a-Service ("SaaS") model," said
The Company has been actively engaging with several existing and new customers over the last 6 months introducing Renoworks' AI solutions and believe that these early wins are just the beginning of a trend that should continue throughout the remainder of 2025 and into next year.
About Renoworks LeadPOD
LeadPOD is a proprietary data and analytics layer that captures and qualifies homeowner design activity in real-time. It delivers rich user-level insights, provides visibility into project intent, and features AI Predictive Close Rate (PCR) technology, a proprietary model built using historical win/loss data to forecast the likelihood of each project converting to a sale. This enables customers to prioritize their highest-probability revenue generating opportunities and turn visualization activity into ready-to-quote remodel projects.
About AI Design Assistant
The AI Design Assistant leverages Renoworks' extensive visualizer libraries and cutting-edge generative AI to analyze a photo of a home and instantly recommend compatible building products from the customer's catalog, driving homeowner confidence, product specification, and faster project scoping. It also introduces Smart Design, a powerful capability that allows Renoworks customers to customize how homeowners design by applying limitless filters such as price, color, style, availability, and more, ensuring every design experience is aligned with business goals and product strategy.
About Renoworks
Forward Looking Information
Certain statements in this news release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
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