Rand Worldwide, Inc. (RWWI) research, news, and more from GeoInvesting

Company description

Mon, 25 Mar 2019 16:34:46 GMT

Rand Worldwide Inc. is a provider of technology solutions to organizations with engineering design and information technology requirements. It has three divisions: IMAGINiT Technologies, which is an integrator of Autodesk software and also offers ARCHIBUS facilities management software and consulting; the development and delivery of computer-aided design (CAD) and product lifecycle management (PLM) courseware through the ASCENT division, and Rand 3D division. IMAGINiT also develops intellectual property and add-ons that extend further functionality to the user. ASCENT offers various learning tools developed by its team of full-time courseware developers, engineers, instructional designers, architects, and technical writers. Rand 3D division is a provider of technology solutions and professional services to organizations with engineering design and information technology needs. Rand 3D focuses on offering professional training solutions for Dassault Systemes and PTC software users.

Research

Thu, 29 Jan 2026 18:13:13 GMT

Rand Worldwide Inc. (OOTC:RWWI) announced Q2 2026 results:

Sales of $62.8 million vs $43.8 million in the prior year
EPS of $0.60 vs $0.32 in the prior year

The company does not issue press releases and, unlike in prior OTC filings, it now provides little to no color commentary in today’s filing. However, with trailing 12-month EPS of $1.69, the shares trade at just 9.4x earnings.

Rand Worldwide Inc. is a provider of technology solutions to organizations with engineering design and information technology requirements.

Research

Thu, 30 Jan 2025 05:00:00 GMT

Rand Worldwide Inc. (OOTC:RWWI) announced Q2 2025 results:

Sales of $43.8 million vs $89.0 million in the prior year
EPS of $0.32 vs $0.34 in the prior year

The large decrease in revenues is partly from the way Autodesk revenues are recorded:

“Due to the required change in how we report revenues beginning for all affected sales after June 10,2024, our reported revenues will be significantly lower, but our earnings should not be impacted by the accounting change.”

Rand Worldwide Inc. is a provider of technology solutions to organizations with engineering design and information technology requirements.

Research

Fri, 15 Nov 2024 17:32:50 GMT

Rand Worldwide Inc. (OOTC:RWWI) announced Q1 2025 results:

Sales of $33.3 million vs $75.4 million in the prior year
EPS of $0.17 vs $0.25 in the prior year

The large decrease in revenues is partly from the way Autodesk revenues are recorded:

“Due to the required change in how we report revenues beginning for all affected sales after June 10,2024, our reported revenues will be significantly lower, but our earnings should not be impacted by the accounting change.”

Rand Worldwide Inc. is a provider of technology solutions to organizations with engineering design and information technology requirements.

Research

Fri, 26 Jan 2024 14:46:42 GMT

Rand Worldwide Inc. (OOTC:RWWI) announced Q2 2024 results:

Sales of $89.0 million vs $111.1 million in the prior year
EPS of $0.34 vs $0.48 in the prior year

“A significant portion of revenues from the Company’s IMAGINiT division are from the resale of Autodesk software subscriptions. From December 2018 through March 27, 2023, Autodesk offered incentives which included pricing advantages and 0% financing offers to customers who purchased three-year subscriptions rather than annual subscriptions…

…Beginning on March 28th, 2023, the Company began offering annual installment billing arrangements to customers who purchase or renew licenses with multi-year terms. For the three months ended December 31, 2023, the Company’s revenues from three-year deals were approximately $27.3 million lower than in the same period in the prior fiscal year.”

Research

Sun, 03 Dec 2023 05:00:00 GMT

Rand Worldwide Inc. (OOTC:RWWI) a company that provides design automation and data management solutions announced fiscal first quarter 2024 results:

Sales of $75.4 million vs $85.5 million in the prior year
EPS of $0.25 vs $0.31 in the prior year

“Beginning on March 28th, 2023, the Company began offering annual installment billing arrangements to customers who purchase or renew licenses with multi-year terms. For the three months ended September 30, 2023, the Company’s revenues from three-year deals were approximately $15.9 million lower than in the same period in the prior fiscal year.”

Research

Tue, 09 May 2023 04:00:00 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($21.25; $710.0M market cap), a company that provides design automation and data management solutions announced fiscal third quarter 2023 results:

Sales of $103.0 million vs $86.5 million in the prior year
EPS of $0.46 vs $0.32 in the prior year

“A significant portion of revenues from the Company’s IMAGINiT division are from the resale of Autodesk software subscriptions. From December 2018 through January 6, 2023, Autodesk offered a pricing advantage to customers who purchased three-year subscriptions rather than annual subscriptions, and many of our customers took advantage of that discount. Since Rand Worldwide Inc. has no material post-sale obligation on these subscriptions, the Company recognizes revenues for the entire subscription term at the time of sale. In addition, through March 27, 2023, Autodesk provided 0% financing for customers who purchased or renewed three-year subscriptions. For the three months ended March 31, 2023, the Company’s revenues from three-year deals were approximately $24.9 million higher than in the same period in the prior fiscal year. Following the expiration of the 0% financing, the Company’s customers still purchased and renewed three-year subscriptions but at a lower rate.”

Research

Fri, 27 Jan 2023 14:50:07 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($20.75; $696.7M market cap), a company that provides design automation and data management solutions announced second quarter 2023 results:

Sales of $111.1 million vs $83.2 million in the prior year
EPS of $0.48 vs $0.27 in the prior year

While the results for the quarter are really strong, it seems changes to the company’s Autodesk relationship will impact sales and earrings moving forward.

“Autodesk recently announced changes to its three-year subscription offerings that will become effective on March 28, 2023. As a result of these changes, we will no longer be able to recognize revenues from the entire subscription term at the time of sale on many sales and renewals and will record revenues on those contracts annually over the term of the subscription. We expect that these changes will result in marginally lower revenues and earnings in our fiscal year that ends on June 30, 2024, but that beginning in fiscal year 2025, any effects on our revenues and earnings will be mitigated. The impact on revenue and earnings in fiscal year 2024 will depend on our customers’ purchasing practices after March 27, 2023, and therefore cannot be determined at this time.”

It is worth noting that the last few years benefited from the changes that were made that allowed RWWI to recognize the full contract value when it was signed, rather than over the term of the contract. It seems now that the companies are reverting back to the way the agreement with Autodesk was originally structured. The Company has always been transparent about the upfront arrangement not lasting forever.

We would anticipate that RWWI will report one more quarter of strong top and bottom line growth, then proceed with likely more flat year over year comps as the shift in revenue recognition plays out, before reverting back to growth in the following year.

As we do not know how the market will react to this disclosure, we may consider making some model portfolio changes to this position. It has been one of our stronger selections, with shares up over 450% since we added it to our model portfolios in February 2019.

Research

Wed, 21 Sep 2022 13:16:54 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($19.55; $549.9M market cap), a company that provides design automation and data management solutions announced fourth quarter 2022 results:

Sales of $79.8 million vs $72.0 million in the prior year
EPS of $0.23 vs $0.15 in the prior year
Full year sales of $306.3 million vs $257.3 million in the prior year
EPS of $0.98 vs $0.62 in the prior year

The Company paid common stock dividends of $8.4 million on July 15, 2022 to shareholders on record as of July 8,2022, and another $8.4 million will be paid on September 19, 2022 to shareholders on record as of September 12,2022.

Research

Fri, 29 Apr 2022 16:06:17 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($18.25; $581.8M market cap), a company that provides design automation and data management solutions announced second quarter 2022 results:

Sales of $86.4 million vs $64.8 million in the prior year
EPS of $0.32 vs $0.15 in the prior year

A significant portion of revenues from the Company’s IMAGINiT division are from the resale of Autodesk software subscriptions. For the three months ended March 31, 2022, the Company’s revenues from three-year deals were approximately $8.6 million higher than in the same period last year.

“A significant portion of revenues from the Company’s IMAGINiT division are from the resale of Autodesk software subscriptions. Since December of 2018, Autodesk has offered a pricing advantage to customers who purchase three- year subscriptions rather than annual subscriptions, and many of our customers have taken advantage of this discount. Since Rand Worldwide Inc. has no material post-sale obligation on these subscriptions, the Company recognizes revenues for the entire subscription term at the time of sale.”

For the three months ended March 31, 2022, the company’s revenues from three-year deals were approximately $8.6 million higher than in the same period last year

That being the case, adjusting for Autodesk software subscription revenue, sales still would have been up nicely year over year at 20%.

Furthermore, the portion of revenue that can be attributed to Autodesk software revenue seems to be materially decreasing. These trends could indicate that other sources of the company’s legacy revenue are growing nicely.

Finally, the earnings per share performance for the quarter is clearly far greater than any other quarter in the company’s history.

The trailing P/E of the stock currently stands at 20x, but if we apply the current run rate EPS performance, the forward P/E is around 15x. If we can confirm that run-rate is a new base line, we could make a case for the price to earnings multiple exceeding 25x.

Please note that the company has had some volatility in quarterly earnings performance and the Autodesk subscription revenue is probably high margin revenue. So, for us to gain a clearer picture of the company’s near term potential, we either need to talk to management, or have the company experience a few more quarters of elevated earnings per share.

Research

Tue, 01 Feb 2022 14:51:43 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($17.00; $542.0M market cap), a company that provides design automation and data management solutions announced first quarter 2022 results:

Sales of $83.2 million vs $70.5 million in the prior year
EPS of $0.27 vs $0.22 in the prior year

“Since December of 2018, Autodesk has offered a pricing advantage to customers who purchase a three year subscriptions rather than annual subscriptions, and many of our customers have taken advantage of this discount.

For the three months ended December 31, 2021, the Company’s revenues from three-year deals were approximately $6.7 million higher than in the same period in the prior fiscal year.”

See our full coverage on RWWI here.

Research

Mon, 27 Sep 2021 14:33:50 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($16.50; $526.0M market cap), a company that provides design automation and data management solutions announced full year 2021 results:

Full year sales of $257.3 million vs $281.0 million in the prior year
EPS of $0.62 vs $0.71 in the prior year
Q4 sales of $72.0 million vs $25.5 million in the prior year
EPS of $0.15 vs $0.04 in the prior year

As we have previously mentioned, a significant portion of RWWI revenues comes from its relationship with Autodesk. For the years ended June 30 2021 and 2020 revenues accounted for $55 million and $83 million respectively.

Research

Fri, 29 Jan 2021 17:53:02 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($13.00; $414.4M market cap), a company that provides design automation and data management solutions announced Q2 2021 results:

Sales of $75.8 million vs $87.8 million in the prior year
EPS of $0.22 vs $0.24 in the prior year

Recall that the last several quarters benefitted from one time sales related to the business the company conducts with Autodesk, Inc. (NASDAQ:ADSK).

Managements comment on ADSK relationship:

“For the quarter ended September 30, 2020 the Company’s revenues were less impacted by the effect of the three year Autodesk subscription, however those multi-year subscriptions had a significant impact on our results for our quarter ended December 31, 2020. In our second fiscal quarter, the elevated level of multi-year subscriptions increased our revenues by $13.8 million over what we would have realized if our customers’ historical purchase patterns continued. This revenue boost from multi-year subscriptions was a key contributor to the improved revenues, profitability and cash flows during our quarter ended December 31, 2020.”

Research

Fri, 13 Nov 2020 18:22:31 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($13.25; $422.4M market cap), a company that provides design automation and data management solutions announced Q1 2021 results:

Sales of $52.8 million vs $77.6 million in the prior year
EPS of $0.10 vs $0.16 in the prior year

Recall that the last 4 quarters benefitted from one time sales in relation to the business the company conducts with Autodesk, Inc. (NASDAQ:ADSK).

Research

Thu, 24 Sep 2020 16:39:21 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($14.30; $455.9M market cap), a company that provides design automation and data management solutions announced Q4 2020 results:

Sales of $25.5 million vs $28.9 million in the prior year
EPS of $0.04 vs $0.12 in the prior year

We are trying to get more color on how the subscription revenues with Autodesk were booked throughout the year. Obviously Q4 was significantly down from the previous three quarters that ranged between $77 and $90 million. We believe that the drop in revenues has something to do with the full value being recognized up front from some of the new 3-year contracts. Per the 10-K:

“A significant portion of revenues from our IMAGINiT division are from the resale of Autodesk software subscriptions. Since December of 2018, Autodesk has offered a pricing advantage to customers who bought threeyear subscriptions rather than annual subscriptions, and many of our customers have taken advantage of this discount. Since Rand Worldwide Inc. has no material post-sale obligation on these subscriptions, we recognize revenues for the entire subscription term at the time of sale as we have determined the related performance obligation is complete at that time. For the year ended June 30, 2020, the elevated level of multi-year subscriptions increased our revenues by $84 million over what we would have realized if our customers’ historical purchase patterns continued. This revenue increase from multi-year subscriptions in 2020 compared to prior years was a key reason for the improved revenues, profitability and cash flows during the year ended June 30, 2020.”

We are performing some research to understand if this assumption is correct.

Research

Wed, 26 Aug 2020 19:11:25 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($11.31; $363.1M market cap), a company that provides design automation and data management solutions. As the company makes a significant amount of revenues from the resale of Autodesk software subscriptions, we felt it relevant to note that ADSK reported strong results yesterday after the close, with strong year over year growth and surpassing analyst top and bottom line estimates.

RWWI is slated to report its year end results in mid to late September and has been a solid performer since we published our research report on March 29, 2019.

Research

Tue, 28 Apr 2020 17:44:31 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($9.70; $229.9M market cap), Provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada. If you are a new Geoinvesting Premium Member or are unfamiliar with our bullish thesis on RWWI, please see our initial research report here..

RWWI Just announced Q3 2020 results:

Sales of $90.1 million vs $65.5 million in the prior year
EPS of $0.27 vs $0.14 in the prior year

Despite the strong results, the 10-Q disclosed that the quarter benefited from an elevated level of multi-year subscriptions, which is recognized at the time of sale.

“multi-year subscriptions increased our revenues by $21.5 million over what we would have realized if our customers’ historical purchase patterns continued. This revenue boost from multi-year subscriptions was a key reason for the improved revenues, profitability and cash flows during our quarter ended March 31, 2020.”

Adjusting for the one time sales would translate to sales of $68.6 million, slightly higher than the prior year. However, the company also experienced a sales boost in Q2 from similar promotional efforts carried out by Autodesk, Inc. (NASDAQ:ADSK).

The company also commented on the effects of Covid-19

“The Company is closely monitoring the impact of the outbreak of the COVID-19 virus and how it continues to impact its business. While COVID-19 did not have a material impact on the Company’s reported results for its third quarter, the Company has seen business volumes begin to weaken and cannot yet predict the full extent of future impacts that the virus may have on its operations.”

We went back and looked at the performance of the Company during the global recession of 2008/2009 to try and determine the magnitude of business disruptions during economic downturns. Although the company’s annual revenue was only $35 million, it did experience a sales decline range of 10% to 35% during these times. However, it is still unclear what the current situation will have on its business, especially since this crisis is being met with direct stimulus and support from the government.

Regardless, we feel the company will have to make acquisitions to maintain and accelerate its growth, similar to how it grew in the past. We still believe RWWI is an acquisition target in an industry that is rapidly consolidating.

Research

Tue, 04 Feb 2020 14:45:58 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($11.31; $363.1M market cap), a company that provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada, announced Q2 2020 results:

Sales of $87.8 million vs $48.2 million in the prior year
EPS of $0.24 vs $0.08 in the prior year

The quarter benefited from a promotional sale from Autodesk software subscriptions. From the 10-Q:

“A significant portion of revenues from our IMAGINiT division are from the resale of Autodesk software subscriptions. During calendar year 2019, Autodesk offered a pricing advantage to customers who bought three year subscriptions rather than annual subscriptions, and many of our customers have taken advantage of this discount. Since Rand Worldwide Inc. has no material post-sale obligation on these subscriptions, we recognize revenues for the entire subscription term at the time of sale. For our quarter ended December 31, 2019, the elevated level of multi-year subscriptions increased our revenues by approximately $20 million over what we would have realized if our customers’ historical purchase patterns continued. This revenue boost from multi-year subscriptions was a key reason for the improved revenues, profitability and cash flows during our quarter ended December 31, 2019.”

Adjusting for the $20 million in one-time sales translates to sales of around $67.8 million for the quarter, down sequentially from Q1 2020 of $77.6 million but similar to Q4 2019 when the company reported sales of $66.8 million. It is possible that some one-time sales were in Q1 as well. However, this is the first time management had any commentary within the quarterly filing since we have been covering the company.

Adjusting for the one time sales, we calculated the EPS would be around $0.12 to $0.18 depending on margins.

A key to the company’s growth strategy, which we referenced in our original article, is based around making acquisitions, as Autodesk continues to change the way it offers its products and services.

RWWI recently paid a special dividend of $0.25 to shareholders of record at the close of December 16, 2019.

Research

Thu, 14 Nov 2019 05:00:00 GMT

Q1 2020 resultsSales of $77.6 million vs $41.8 million

EPS of $0.16 vs EPS of $0.04

Research

Wed, 25 Sep 2019 20:02:51 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($6.90; $216.6M market cap), a company that provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada, announced its Q4 and year-end results for 2019:

Q4 sales of $66.8 vs $34.9 million in the prior year period
EPS of $0.12 vs $0.03 in the prior year period
Full year 2019 sales of $222.4 million vs $116.4 million in the prior year
Full year EPS of $0.38 vs $0.09 in the prior year

The fourth quarter results were strong. Revenues are up sharply year over year and sequentially up slightly from the strong Q3 top line results. EPS shows very strong year over year growth but was down sequentially from the $0.14 Q3. RWWI has only filed an annual report on otcmarkets.com, and there is no press release and no commentary in the filing.

On February 8, 2019, we disclosed our initial long position in RWWI when the stock was trading at $3.70. On March 29, we wrote our Reasons for Tracking the company.

A driving force for the company's growth are the acquisitions it’s been making in an industry that is consolidating due to changes precipitated by how top software engineering company, Autodesk, Inc. (NASDAQ:ADSK), sells its own products.

One question in our minds is can the company begin to grow organically without making acquisitions? Overall. we are satisfied with the quarterly results and believe there are more acquisition opportunities for the company that will be able to drive revenue and earnings growth. We believe this can in turn potentially make RWWI an acquisition target for other resellers that want North American exposure, or possibly even a target for an Autodesk-type company.

Research

Fri, 23 Aug 2019 14:32:04 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($6.80; $134.4M market cap) - On July 23, 2019, we started providing special mid year earnings previews on some stocks in our model portfolios. RWW’s Year ends in June, and typically reports year end results in mid to late September. The company provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada.

Here is what we will be looking for in the results:

To see if the company can continue its sequential and year over year improvements in EPS. Each quarter in fiscal 2019 has improved year over year and sequentially.
Last quarter's financial performance seemed to be a breakout, helped along by a recent acquisition. We want to learn if the company has consummated any other acquisitions to help drive growth and expand its strong relationship with Autodesk ($ADSK). Recall that industry consolidation was one of the bullish themes in a report we published on RWWI on March 29, 2019.
We want to see if operating leverage is still in tact, helping to boost the bottom line on small increases in revenue.

On February 8, 2019, we disclosed our initial long position in RWWI when the stock was trading at $3.70.

Research

Mon, 29 Apr 2019 15:07:22 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($6.25; $194.1M market cap) - On March 29, we wrote our Reasons for Trackingthe company. On April 25, 2019 we highlighted the company’s strong Q3 2019 earnings results. We are now adding RWWI to our Favorite Stock mock portfolio. The company provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada.

One caveat remains: we have still have not been able to speak with management after many attempts.

Research

Thu, 25 Apr 2019 04:00:00 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($5.00; $155.3M market cap), a company that provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada, announced its Q3 2019 results late in the trading day yesterday:

Sales of $65.5 million vs $30.1 million in the prior year period and also up sequentially from $48.2 million in Q2 2019.
EPS of $0.14 vs $0.04 in the prior year period and also up sequentially from $0.08 in Q2 2019

RWWI does not typically issue earnings press releases and the OTC filing has zero commentary. On March 29, 2019 we released our Reasons for Tracking RWWI, highlighting its recent strong financials and its strong relationship with Autodesk, Inc. (NASDAQ:ADSK). We mentioned that the changing industry landscape in which RWWI participates has got us excited, and we believe it makes the company an ideal acquisition target.

On February 8, 2019, we disclosed our initial long position in RWWI when the stock was trading at $3.70

Research

Thu, 04 Apr 2019 13:38:19 GMT

Rand Worldwide Inc. (OOTC:RWWI) ($4.28; $132.9M market cap) provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada. IMAGINiT Technologies (a division of RWWI) earned an Autodesk Platinum Club Award for the sixth straight year due to their efforts in helping customers select the right Autodesk product collections to achieve their business goals.

“As an Autodesk Platinum Club Award winner, IMAGINiT is in an exclusive group of partners that deliver unrivalled results and customer service,” said Pete Baxter, vice president Americas Territory Sales, Autodesk. “We thank the entire IMAGINiT team for consistently delivering tangible business value to their customers across North America.”

“Receiving an Autodesk Platinum Award year after year only happens when the entire team is singularly focused on matching the right technology to the needs of our customers,” said Larry Rychlak, president and chief executive officer, Rand Worldwide. “It’s an honor to accept this award and it is a privilege to serve our customers with all of their design needs.”

As we mentioned in our article, RWWI’s relationship with the market leader, Autodesk, seems to be its main source of its revenue. The software RWWI resells helps customers design products, organize design workflow and manage assets. We expand on the relationship in our article which can be read here.

Research

Fri, 29 Mar 2019 17:28:38 GMT

The changing industry landscape that Rand Worldwide Inc (OOTC:RWWI) is playing in has got us excited, and we believe it makes the company an ideal acquisition target. We see potential for over 100% upside, but we need to interview management to confirm some of our research. Multiple attempts to contact the company have been unsuccessful, but we will keep trying. In the meantime, as we disclosed on February 8 and March 14, we have taken an initial position. Our “Reasons for Tracking” are:

RWWI easily debunks negative microcap stereotypes
Recurring revenue aspect to RWWI’s business model
Strong relationship with Autodesk
RWWI could be an ideal acquisition candidate
Operating leverage

Please see the entire RFT here.

GeoBargain Notes

Tue, 19 Mar 2019 16:22:57 GMT

Year End : June 30

Data Ended 12/31/2019

Price = $4.30
Fully-Taxed Trailing EPS = $0.19
P/E based on Fully-Taxed Trailing EPS = 23.1

Criteria Check List

RWWI Meets 8 out of 10 of our most important requirements for growth and risk-based quantitative data.

	Requirement	Comments
	Recent 52-week High (generally within 3 months)	Reached $4.35 March 19, 2019
	Strong EPS Growth Rate (Based on 2 criteria below)	As of 4th Qtr 2018
	> 30% EPS Growth Rate - YES 3 Consecutive quarters	2nd Qtr. 2019 EPS increased 335%
	GeoPowerRanking (GPR); Number of consecutive quarters that EPS is expected to grow at least 20 to 30%. - TBD*	TBD
	10% Revenue Growth (5 Consecutive quarters)	2nd Qtr. 2019 revenue increased 70%.
	GeoMinimum Operating Cash Flow and Balance Sheet Requirements (Based on 4 criteria below)	As of 2nd Qtr 2019
	Positive Cash Flow - YES	$5.7 Million as of 2nd Qtr. 2019
	Long Term Debt to Equity Ratio less than 20% - YES	15.5%
	Current Ratio is at least 2:1 - No**	0.93:1
	Days in receivables < 90. This shows that the company converts its account receivables to cash within 90 days. (measure of liquidity) - YES	32
	Return on Equity is at least 15%	35.0% run rate
	Minimum Pre-tax Operating Margins of 8%	7.3% as of 2nd Qtr. 2019
	Preferably Under 50 Million Shares (Fully Diluted)	31.5 Million shares as of 2nd Qtr. 2019
TBD	High Insider Ownership (generally greater than 15%)	TBD
	Limited Institutional Ownership (generally less than 20%)	0.02% (Sentieo)
	P/E Divided by Growth Rate (PEG Ratio) is Less Than 1.	0.12

* See more on GeoPowerRanking

**The company has historically operated at a current ratio of under 1.

Research

Mon, 18 Mar 2019 14:37:05 GMT

Over the weekend, we released the following tweet on Rand Worldwide Inc (OOTC:RWWI) ($4.20; $130.4M market cap):

You can see our latest research on the stock here and a link to the referenced article here .

Research

Fri, 15 Mar 2019 15:31:07 GMT

Yesterday we mentioned that we added to our long position in Rand Worldwide Inc (OOTC:RWWI) ($4.20; $130.4M market cap) as we continue our due diligence. The company provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada.

In the meantime, we’d like to provide a snapshot of the historic financials of the company.

Closer Look at RWWI Revenue & Earnings

RWWI generates substantial revenue and seems to have been able to maintain profitability. You can see the growth of the company and what looks to be two breakout quarters the past two quarters:

Revenue growth performance is certainly lumpy, as is the EPS performance. But with software companies, we are more interested in revenue growth.

The jump in 2011 revenue was due to an acquisition (merger), but then flattened out, until 2018 and 2019 due to acquisitions in 2017 and 2018. Without the luxury of SEC filings, it is going to be hard to determine what type of organic growth the company has been experiencing.

Research

Thu, 14 Mar 2019 16:17:01 GMT

We have Added To Our RWWI Long Position

On February 8, 2019, we issued our introductory note and mentioned we had established a small long position in Rand Worldwide Inc. (OOTC:RWWI) ($4.20; $125M market cap). We wanted to wait till we interviewed management before adding to our position. We have decided to add to our position based on the due diligence we have completed thus far, even though we have not had a chance to speak with management yet. The recurring revenue angle seems stronger than we initially thought.

Research

Wed, 13 Mar 2019 14:46:23 GMT

Rand Worldwide Inc (OOTC:RWWI) ($4.05; $125.8M market cap) provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada. We have still not recieved a call back from management but our reasons for tracking note is coming along. On February 8, 2019, we issued our introductory note and mentioned we had established a small position thus far.

Research

Fri, 08 Feb 2019 17:06:07 GMT

Establishing A Small Starter Position in RWWI

With trailing twelve month revenues of $155 million and roughly $0.18 EPS, Rand Worldwide Inc (OOTC:RWWI) ($3.70; $114.9M market cap) is another OTC stock that has caught our attention. As we await an interview with management, we have established a small long position in RWWI, a company which provides design automation and data management solutions for the manufacturing, building design, engineering, infrastructure, and facilities management markets primarily in the United States and Canada.

We have watched this stock for a few years, but had always felt shares were trading ahead of the company’s valuation. However, it now appears like growth is accelerating and earnings-per-share are becoming more substantial. For its last quarter, the company reported $0.07 EPS on $48.2 million in sales vs. $0.02 EPS on $28.3 million in sales in the prior year. Next up on our research into this company will be a historical look at its divestitures and acquisitions.

Given its 23-year history as a public company, we are also adding it to our Tier One OTC list .