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ProStar Announces Record Revenue in Q2 and Achieves a Major Milestone with 100th SaaS Client

GlobeNewswire LogoGlobeNewswire4d ago

ProStar Announces Record Revenue in Q2 and Achieves a Major Milestone with 100th SaaS Client - GlobeNewswire

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The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Company’s securities; the state of the technology sector; recent market volatility; the COVID-19 pandemic; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time.

We signed 27 new customers in Q2 representing an 18.5% sequential growth from Q1 and 900% YoY from Q2 2023Our customer base now includes several multinational construction companies, six of which have over $1 billion in annual revenueWe signed our 100th cloud customer and have a target to sign another 100 in the next 12 months Several of our Q2 customer signings are recognized industry leaders providing ProStar tremendous validation and increased exposure throughout the entire infrastructure construction industry in both North America and around the world.

GRAND JUNCTION, Colo., July 23, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., ("ProStar®” or "the Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions®, is pleased to announce that the Company signed a record number of new clients in Q2, and signed its 100th SaaS (Software as a Service) client.

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Article Details

Author / Journalist: Prostar Holdings, Inc

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 12:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 21750937

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Year Established: 1998

Headquarters: China

News Last Updated: 1 days ago

Coverage Areas: China

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #116

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