Universal PropTech Talks Growing Backlog At ~ $6 Million, Organic Growth, Tier-1 Customers and More
AGORACOM Small Cap CEO Interviews - A podcast by AGORACOM
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As the name implies “PropTech” is a combination of two words and stands for “property technology.” As simple as that is, the implementation and importance of PropTech is anything but, which is why many companies are trying to capitalize on the rapidly growing paradigm shift, while Universal PropTech (UPI:TSXV) is actually delivering healthy building solutions developers, owners and operators across Canada. More than just lip service, UPI clients include: Federal Government facilities for over 40 years Manulife Brookfield Billy Bishop Airport University of Toronto .... and many more The company's backlog is now a staggering $~6 million. This represents: + $800,000 from April + $3,000,000 swing from September This is comprised of awarded and not executed work, made up of a combination of service contracts and project work in both HVAC Building Automation and Mechanical lines of business. We sat down with Frank Carnevale, CGO of Universal Proptech, to talk about their multimillion-dollar backlog, distribution expansion, and more. Check out the full interview below.