- Full year revenue increases 56% YoY to $69.3 million
- Q4 revenue increases 33% YoY to $21.8
million
- Annual Recurring Revenue grows 39% YoY to $36.8 million
VANCOUVER, BC, March 23, 2022 /CNW/ - Copperleaf Technologies
Inc. (TSX: CPLF) ("Copperleaf" or the "Company"), a provider of
enterprise decision analytics software solutions, today announced
financial results for the fourth quarter and fiscal year ended
December 31, 2021. All amounts are
expressed in Canadian dollars unless otherwise stated.
"Copperleaf demonstrated continued momentum in the fourth
quarter, delivering 39% Year over Year (YoY) growth in Annual
Recurring Revenue, 47% YoY growth in our Revenue Backlog, and a
116% Net Revenue Retention Rate," said Judi
Hess, CEO of Copperleaf. "The 56% Year over Year
revenue growth we achieved in 2021 was driven by our best-in-class
enterprise decision analytics software, supported by strong direct
sales execution and our expanding alliance partner ecosystem.
Today, our solution is being used to manage an estimated
$2.6 trillion of infrastructure
across multiple industry sectors, including energy, water,
transportation, and government, in more than 24 countries. Our
results speak to the significant value we provide to our clients as
well as the growing need for the solutions Copperleaf
provides."
Fourth Quarter 2021 Financial Highlights
(All
Capitalized terms not defined herein, shall have the meaning
ascribed to them in the Management's Discussion and Analysis for
the year ended December 31, 2021;
Comparison period is the year ended December
31, 2020, unless otherwise stated)
- Record revenue of $21.8 million,
an increase of 33% over Q4 2020, driven by the increase in new
clients and the expansion of existing clients.
- Subscription revenue of $8.5
million, an increase of 46% over Q4 2020.
- Gross profit of $17.3 million, a
29% increase from $13.4 million in Q4
2020, representing a Gross Margin of 79%.
- Adjusted EBITDA1 of $2.3
million, compared to $3.6
million in Q4 2020. Net income of $0.2 million, or $0.00 per diluted share, compared to net income
of $2.2 million, or $0.03 per diluted share, in Q4 2020.
- As of December 31, 2021,
Copperleaf's Revenue Backlog1 grew 47% to $101.9 million, compared to $69.2 million as of December 31, 2020.
- Strong balance sheet with cash and cash equivalents of
$161.4 million as at December 31, 2021, compared to $15.9 million at December
31, 2020.
Fiscal Year 2021 Financial Highlights
(All
Capitalized terms not defined herein, shall have the meaning
ascribed to them in the Management's Discussion and Analysis year
ended December 31, 2021; Comparison
period is the year ended December 31,
2020, unless otherwise stated)
- Record revenue of $69.3 million,
an increase of 56% over the prior year, driven by the increase in
new clients and the expansion of existing clients.
- Annual Recurring Revenue1 as at December 31, 2021 of $36.8
million, a 39% increase from $26.4
million as at December 31,
2020.
- As of December 31, 2021, the
Company's Net Revenue Retention Rate1 was 116%.
- Subscription revenue of $31.4
million, an increase of 58% over the prior year.
- Gross profit of $54.9 million, a
69% increase from $32.4 million in
the prior year, representing a Gross Margin of 79% as compared to a
Gross Margin of 73% as at December 31,
2020. The YoY growth reflects an increase in revenue,
successful remote delivery resulting in less travel, as well as an
improvement in utilization.
- Adjusted EBITDA1 of $2.1
million, compared to a loss of $5.2
million in the year ended December
31, 2020.
- Net loss of $6.5 million, or a
loss of $0.24 per basic and diluted
share, compared to net loss of $9.1
million, or a loss of $0.60
per basic and diluted share, in the prior year.
1 Please refer to "Non-IFRS
Measures" section of this press release
|
"Building on a record 2021, our outlook for 2022 is supported by
a record backlog, sustained growth tailwinds for decision analytics
software, and a broader and deeper pipeline than ever for our
business," continued Ms. Hess. "Copperleaf is leveraging
global consulting and service partners who are enhancing our own
internal sales efforts to identify new prospects and convert them
to clients. The decision analytics market is still in the early
stages of a long-term growth cycle, and we are ideally positioned
to be leaders in this space."
Key Developments
In 2021, the Company launched the Copperleaf Product Suite
composed of three products: Copperleaf Portfolio, Copperleaf Asset
and Copperleaf Value, and the Company's C55 software solution
product name was retired. These solutions provide the Company's
clients with the ability to maximize the value they receive from
making investments in their businesses by improving capital
allocation and efficiency.
Water and waste-water officially became core sectors at
Copperleaf in 2021, alongside energy. Copperleaf also expanded its
footprint in the transportation sector, announcing that both the
California department of transportation (Caltrans), and National
Highways in the UK had selected the Copperleaf Decision Analytics
solution. The adoption of the Copperleaf solution by these industry
leading organisations in North
America and Europe will
help accelerate our growth in this new sector.
Throughout 2021, our global Alliance Ecosystem continued to gain
traction as partners are building their Copperleaf practice areas.
We saw a large increase in active partner pursuits during fiscal
year 2021 and formed two new strategic alliances with Guidehouse
and Black & Veatch Management Consulting, LLC.
The Copperleaf Community client forum is active and growing,
with nearly half of our clients participating in client-led
innovation with Copperleaf Labs during 2021. Throughout 2021, the
Company delivered over 80 new innovative features to our client
base:
- Q1: Copperleaf enhanced its automation and AI capabilities by
providing automatic rules-based grouping of projects for assets,
based on geospatial and asset information. This is key for our
clients in transmission, distribution, and transportation market
sectors.
- Q2: Copperleaf created a low-code/no-code formula generation
environment for modeling value, to support our goal to make
value-based decision making accessible to everyone and it is now
delivered to the market in Copperleaf Value.
- Q3: Copperleaf released a new costing option to generate more
accurate cost estimates using parameterized models, and better cost
estimation results in better decisions.
- Q4: Copperleaf released "Fiscal scenario parameters" – a key
innovation which democratizes complex scenario analysis, allowing
our clients to advance their maturity with what-if scenarios by
easily including new, advanced financial metrics in their analysis,
reaching deeper insights and reducing the need for further manual
financial analysis.
In 2021, Copperleaf created a new development team focused on
data analytics and data strategy, staffed by over 50 years of
machine learning and big-data experience. The Company also made
great strides in improving its cloud-based software infrastructure,
reducing the manual effort of many key deployment and verification
steps by over 50%. Copperleaf also successfully renewed its SOC2
Type2 certification in 2021.
On October 14, 2021, Copperleaf
closed its initial public offering (the "IPO") of Common Shares.
The IPO was led by BofA Securities, BMO Capital Markets and
William Blair, as joint bookrunners,
and CIBC Capital Markets, RBC Capital Markets, Canaccord Genuity
and Cormark Securities (collectively, the "Underwriters"). Pursuant
to the IPO, Copperleaf issued 10,741,000 Common Shares at a price
of $15.00 per Common Share for total
gross proceeds of $161,115,000, which
included the exercise in full by the Underwriters of their
over-allotment option to purchase up to 1,401,000 additional Common
Shares. The Common Shares are now listed on the Toronto Stock
Exchange under the symbol "CPLF".
Throughout 2021, the increasing focus on ESG initiatives and the
energy transition across our target market sectors helped generate
increased interest in Copperleaf solutions. As a result, ESG
influenced half of our sales in 2021 and has contributed to the
expansion our global pipeline. In November
2021, Copperleaf undertook a comprehensive communications
campaign in conjunction with the COP26 conference highlighting how we help our
clients operationalise their ESG strategies.
Q4 2021 Financial Results Conference Call Details
Judi Hess, Chief Executive
Officer and Chris Allen, Chief
Financial Officer, will host a conference call followed by a
question-and-answer session today, March 23,
2022, at 5:00 PM ET.
Date: March 23, 2022
Time: 5:00pm ET
Dial-In Number: 416-764-8659 or
1-888-664-6392
Webcast:
https://bit.ly/3h7KgJk
Replay:
416-764-8677 or 1-888-390-0541 (Available until March 30, 2022)
Replay Entry Code: 404246#
Key Performance Indicators
The Company monitors a number of key performance indicators to
evaluate performance. Some of the key performance indicators used
by management are recognized under IFRS, whereas others are
non-IFRS measures and are not recognized under IFRS. These non-IFRS
measures are provided as additional information to complement the
IFRS measures by providing further understanding of our results of
operations from management's perspective. We believe that non-IFRS
financial measures are useful to investors and others in assessing
our performance; however, these measures should not be considered
as a substitute for reported IFRS measures nor should they be
considered in isolation. As these measures are not recognized
measures under IFRS, they do not have a standardized meaning
prescribed by IFRS and therefore may not be comparable to similar
measures presented by other companies. For a reconciliation of the
non-IFRS measures to the most directly comparable measure
calculated in accordance with IFRS, see Non-IFRS Measures
below.
1 Non-IFRS Measures
Annual Recurring Revenue
We define ARR as the annualized equivalent value of the
subscription revenue of all existing contracts as at the date being
measured, excluding non-recurring SaaS and hosting fees. Our
clients generally enter into three-to-five-year contracts that are
non-cancelable or cancelable with penalty. Our calculation of
Annual Recurring Revenue assumes that clients will renew the
contractual commitments on a periodic basis as those commitments
come up for renewal. Subscription agreements are subject to price
increases upon renewal reflecting both inflationary increases and
the additional value provided by our solutions. In addition to the
expected increase in subscription revenue from price increases over
time, existing clients may subscribe for additional products or
services during the term. We believe that this measure provides a
fair real-time measure of performance in a subscription-based
environment.
Net Revenue Retention Rate
We believe that our Net Revenue Retention Rate is a key measure
to provide insight into the long-term value of our clients and our
ability to retain and expand revenue from our client base over
time. Our Net Revenue Retention Rate is calculated over a trailing
twelve-month period by considering the group of clients on our
platform as of the beginning of the period and dividing our Annual
Recurring Revenue attributable to this same group of clients at the
end of the period by the Annual Recurring Revenue at the beginning
of the period. By implication, this ratio excludes any Annual
Recurring Revenue from new clients acquired during the period but
does include incremental sales added to the cohort base of clients
during the period being measured. This measure provides insight
into client expansions, downgrades, and churn, and illustrates the
growth potential of our client base alone.
Revenue Backlog
Revenue Backlog represents the total revenue expected to be
recognized in the future, related to performance obligations that
are unsatisfied or partially unsatisfied at period end. The
recurring nature of our revenue provides high visibility into
future performance, and upfront payments result in cash flow
generation in advance of revenue recognition. Subscription
contracts require annual upfront payments; however, some clients
pay multiple years upfront. Typically, approximately 50% of our
expected annual revenue is recognized from client contracts that
are in place at the beginning of the year, and this continues to be
our target model going forward. However, this also means that
agreements with new clients or agreements with existing clients
purchasing incremental product and services in a quarter may not
contribute significantly to revenue in the current quarter. For
example, for SaaS contracts and professional services, a new client
who enters into an agreement late in a quarter will typically have
limited contribution to the revenue recognized in that quarter.
Perpetual licenses, by contrast, are often recognized as revenue
upon delivery of the software which typically occurs immediately
upon contracting, and thus rarely enters Revenue Backlog.
Adjusted EBITDA
Adjusted EBITDA is used by management as a supplemental measure
to review and assess operating performance and to provide a more
complete understanding of factors and trends affecting our
business.
Management believes that Adjusted EBITDA is a useful measure of
operating performance and our ability to generate cash-based
earnings, as it provides a more relevant picture of operating
results by excluding the effects of financing and investing
activities, including removing the effects of interest and other
expenses such as non-cash items and non-recurring expenses that are
not reflective of our underlying business. In addition to interest,
the other non-cash or non-recurring items adjusted for include
depreciation and amortization, share-based payments expense, gain
on lease modification, foreign exchange loss (gain), current income
tax expense, and IPO transaction related costs. Our management also
uses Adjusted EBITDA in order to facilitate operating performance
comparisons and decision making from period to period and to
prepare annual operating budgets and forecasts. In addition, it is
used to provide securities analysts, investors, and other
interested parties with supplemental measures of our operating
performance and thus highlight trends in our business that may not
otherwise be apparent when relying solely on IFRS measures. The
following tables reconcile Adjusted EBITDA to net loss for the
periods indicated:
|
For three months
ended December 31,
|
|
2021
|
2020
|
$
Change
|
%
Change
|
Net Income
(loss)
|
$150,673
|
$2,168,294
|
($2,017,621)
|
(93%)
|
Depreciation and
amortization
|
$429,418
|
$610,516
|
($181,098)
|
(30%)
|
Share-based payments
expense
|
$873,530
|
$204,832
|
$668,698
|
326%
|
Finance
costs
|
$185,604
|
$126,843
|
$58,761
|
46%
|
Finance
income
|
($147,930)
|
($5,910)
|
($142,020)
|
2403%
|
Gain on lease
modification
|
-
|
-
|
-
|
0%
|
Foreign exchange loss
(gain)
|
$21,620
|
$559,450
|
($537,830)
|
(96%)
|
Current income tax
expense
|
$148,334
|
($33,050)
|
$181,384
|
(549%)
|
IPO transaction related
costs
|
$660,661
|
-
|
$660,661
|
100%
|
Adjusted
EBITDA
|
$2,321,910
|
$3,630,975
|
($1,309,065)
|
(36%)
|
|
For year ended
December 31,
|
|
2021
|
2020
|
$
Change
|
%
Change
|
Net Income
(loss)
|
($6,524,111)
|
($9,082,558)
|
$2,558,447
|
28%
|
Depreciation and
amortization
|
$2,114,601
|
$2,252,982
|
($138,381)
|
(6%)
|
Share-based payments
expense
|
$2,305,527
|
$1,081,283
|
$1,224,244
|
113%
|
Finance
costs
|
$785,646
|
$522,395
|
$263,251
|
50%
|
Finance
income
|
($156,678)
|
($86,210)
|
($70,468)
|
82%
|
Gain on lease
modification
|
($181,372)
|
-
|
($181,372)
|
(100%)
|
Foreign exchange loss
(gain)
|
$723,434
|
($36,746)
|
$760,180
|
(2069%)
|
Current income tax
expense
|
$247,116
|
$183,236
|
$63,880
|
35%
|
IPO transaction related
costs
|
$2,753,243
|
-
|
$2,753,243
|
100%
|
Adjusted
EBITDA
|
$2,067,406
|
($5,165,618)
|
7,233,024
|
(140%)
|
Selected Financial Information
Consolidated Statements of Loss and Comprehensive Loss
(expressed in Canadian dollars)
|
|
For the year
ended
|
For the year
ended
|
|
|
December
31,
|
December
31,
|
|
|
2021
|
2020
|
|
|
$
|
$
|
|
|
|
|
Revenue
|
|
69,283,419
|
44,519,741
|
|
|
|
|
Cost of
revenue
|
|
14,370,173
|
12,106,997
|
|
|
|
|
Gross
profit
|
|
54,913,246
|
32,412,744
|
|
|
|
|
Operating expenses (note 5)
|
|
|
|
Sales and
marketing
|
|
22,805,566
|
15,460,594
|
Research and
development
|
|
18,956,700
|
15,079,574
|
General and
administrative
|
|
18,256,945
|
10,372,459
|
|
|
60,019,211
|
40,912,627
|
|
|
|
|
Loss from
operations
|
|
(5,105,965)
|
(8,499,883)
|
|
|
|
|
Other expenses
(income)
|
|
|
|
Finance
costs
|
|
785,646
|
522,395
|
Finance
income
|
|
(156,678)
|
(86,210)
|
Gain on lease
modification
|
|
(181,372)
|
-
|
Foreign exchange loss
(gain)
|
|
723,434
|
(36,746)
|
|
|
1,171,030
|
399,439
|
|
|
|
|
Loss before income
taxes
|
|
(6,276,995)
|
(8,899,322)
|
|
|
|
|
Income taxes )
|
|
|
|
Current income tax
expense
|
|
247,116
|
183,236
|
|
|
247,116
|
183,236
|
|
|
|
|
Net loss and
comprehensive loss for the year
|
|
(6,524,111)
|
(9,082,558)
|
Net loss per
share
|
|
|
|
Basic
|
|
(0.24)
|
(0.60)
|
Diluted
|
|
(0.24)
|
(0.60)
|
Weighted average
number of common shares outstanding, basic
|
|
27,693,445
|
15,097,521
|
Weighted average
number of common shares outstanding, diluted
|
|
27,693,445
|
15,097,521
|
Consolidated Statements of Financial Position
(expressed in Canadian Dollars)
|
|
December 31,
2021 $
|
December 31,
2020 $
|
Assets
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
Cash and cash
equivalents
|
|
161,432,039
|
15,916,417
|
Accounts
receivable
|
|
32,251,577
|
26,169,662
|
Investment tax credits
receivable
|
|
1,407,539
|
1,586,673
|
Contract
costs)
|
|
719,263
|
601,283
|
Contract
assets
|
|
2,199,394
|
594,310
|
Prepaid
expenses
|
|
2,250,216
|
1,326,691
|
|
|
200,260,028
|
46,195,036
|
Non-current
assets
|
|
|
|
Deposit
|
|
81,455
|
81,513
|
Contract
costs
|
|
1,261,877
|
1,216,571
|
Property and
equipment
|
|
2,009,533
|
2,389,296
|
Intangible
assets
|
|
1,105,736
|
1,333,890
|
Right-of-use
assets
|
|
1,323,751
|
2,421,832
|
|
|
5,782,352
|
7,443,102
|
|
|
|
|
Total
assets
|
|
206,042,380
|
53,638,138
|
|
|
|
|
Liabilities and
shareholders' equity
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
Accounts payable and
accrued liabilities
|
|
13,182,045
|
11,276,887
|
Contract
liabilities)
|
|
20,849,117
|
18,198,658
|
Lease
liabilities
|
|
1,031,531
|
1,049,762
|
|
|
35,062,693
|
30,525,307
|
Non-current
liabilities
|
|
|
|
Contract
liabilities
|
|
14,727,655
|
12,906,512
|
Lease
liabilities
|
|
1,234,024
|
2,694,460
|
|
|
15,961,679
|
15,600,972
|
|
|
|
|
Total
liabilities
|
|
51,024,372
|
46,126,279
|
|
|
|
|
Equity
|
|
|
|
Share
capital
|
|
181,279,367
|
29,069,354
|
Share-based payments
reserve
|
|
4,912,518
|
3,092,271
|
Deficit
|
|
(31,173,877)
|
(24,649,766)
|
Total
equity
|
|
155,018,008
|
7,511,859
|
Total liabilities
and equity
|
|
206,042,380
|
53,638,138
|
|
|
|
|
|
|
Disaggregation of revenue
Revenue
|
For three months
ended December
31,
|
For year
ended December
31,
|
|
2021
|
2020
|
2021
|
2020
|
Subscription
|
$8,545,351
|
$5,845,136
|
$31,399,097
|
$19,826,130
|
Professional services
and other
|
$6,443,071
|
$5,608,728
|
$25,170,802
|
$16,892,620
|
Perpetual software
licenses
|
$6,809,712
|
$4,979,161
|
$12,713,520
|
$7,800,991
|
|
$21,798,134
|
$16,433,025
|
$69,283,419
|
$44,519,741
|
|
|
|
|
|
|
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact, this press release
contains certain forward-looking statements and forward-looking
information within the meaning of applicable securities law. Such
forward-looking statements and information include, but are not
limited to, statements or information with respect to: the
Company's future business and strategies; industry demand; ability
to obtain employees, consultants or advisors with specialized
skills and knowledge; anticipated joint development programs;
incurrence of costs; competitive conditions; general economic
conditions; and scalability of developed technology.
Forward-looking information is frequently characterized by words
such as "plan", "project", "intend", "believe", "anticipate",
"estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Although the
Company's management believes that the assumptions made and the
expectations represented by such statement or information are
reasonable, there can be no assurance that a forward-looking
statement or information referenced herein will prove to be
accurate. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include, but
are not limited to, the following: (i) our limited operating
history and history of incurring operating losses; (ii) the
substantial portion of our revenue being accounted for by a limited
number of clients; (iii) intense competition having a potential
adverse effect on our business, financial condition and results of
operations; (iv) our sales cycles, particularly with respect to
large contracts, being long and unpredictable at times; (v) certain
revenue metrics not being accurate indicators of our future
financial results; (vi) our dependence on key personnel to grow our
business and our ability to attract and retain specialized
technical, management or sale and marketing talent and maintain our
corporate culture; (vii) changes to our pricing models having
potential adverse effects on operating results; (viii) our
dependence on strategic relationships with third parties for
revenue growth and our ability to establish and maintain successful
relationships with them; (ix) certain contracts potentially
exposing us to high liabilities; * our client base being impacted
by our ability to develop and expand marketing and sales
capabilities; (xi) our ability to successfully manage growth and
plan for future growth; (xii) the ongoing Covid-19 pandemic could
adversely impact our business and operations and the impact on
remote work could disrupt our local compensation markets; (xiii)
our business performance not being fully reflected by our quarterly
results and key metrics due to significant fluctuations; (xiv) our
dependence on our ability to offer high-quality maintenance and
support services in order to maintain client relationships; (xv)
the use and adoption of our platform could be limited and our
business could be adversely affected by cyber security, privacy,
data protection, and information security concerns; data collection
and transfer restrictions and related domestic or foreign
regulations; (xvi) our exposure to foreign currency exchange rate
fluctuations; (xvii) sales to government entities and highly
regulated organizations being subject to certain challenges and
risks; (xviii) our ability to achieve and sustain a level of
liquidity sufficient to support our operations and fulfill our
obligations; (xix) conflicts of interest arising due to our
business and client relationships with certain entities who are
shareholders or who are affiliated with our directors; (xx)
regulatory requirements placed on our software and services could
impose increased costs on us, delay or prevent the introduction of
new products and services, and impair the function or value of
existing products and services; (xxi) our management team being
exposed to new challenges and requirements as a result of its
limited experience managing a public company; (xxii) our business
being subject to the risk of natural catastrophic events and to
interruption by man-made problems; (xxiii) exposure to increased
business and economic risks as a result of continued expansion of
our operations outside Canada;
(xxiv) international operations subjecting us to potentially
adverse tax consequences; (xxv) our potential profitability could
be adversely affected if we are unable to utilize a significant
portion of our net operating loss; (xxvi) indemnity provisions in
various agreements could potentially expose us to substantial
liability for Intellectual Property infringement and other losses;
(xxvii) our use of open source software in our products could
expose us to additional risks and harm our Intellectual Property;
(xxviii) issues in the use of artificial intelligence in our
platform could result in reputational harm or liability; (xxix) the
potential volatility of the market price for our Common Shares;
(xxx) our share price may decline due to the fact that there has
been no prior public market for the Company's securities and other
factors; (xxxi) the price of our Common Shares being impacted
by securities analysts' research or reports and future sales of the
Common Shares by pre-IPO shareholders; (xxxii) maintaining broad
discretion over the use of proceeds received from the IPO;
(xxxiii) future sales or issuances of securities by us could
decrease the value of our Common Shares, dilute the voting power of
holders of Common Shares and reduce our earnings per Common
Share; (xxxiv) the Russia-Ukraine conflict and resulting sanctions
against Russia could detrimentally
impact our business; and (xxxv) the accuracy of the forward-looking
statements.
The Company undertakes no obligation to update forward-looking
statements and information if circumstances or management's
estimates should change except as required by law. The reader
is cautioned not to place undue reliance on forward-looking
statements and information. More detailed information about
potential factors that could affect results is included in the
documents that may be filed from time to time with the Canadian
securities regulatory authorities by the Company.
For a more detailed discussion of certain of these risk factors,
see the "Risk Factors" section of our 2021 Annual Information Form
"AIF". The list of "Risk Factors" set out in the AIF is not
exhaustive of the factors that may affect any of our
forward-looking information.
About Copperleaf:
Copperleaf provides AI-powered enterprise decision analytics
software solutions to companies managing critical infrastructure,
including physical and digital assets. We leverage operational and
financial data to empower our clients to make investment decisions
that deliver the highest business value. What sets us apart is our
commitment to providing extraordinary experiences, shaped by people
who care deeply, products that deliver exceptional value, and
partnerships that stand the test of time. Copperleaf is a patron of
The Institute of Asset Management and actively participates in
shaping the future of asset management standards, including ISO
55000. Headquartered in Vancouver,
Canada, our solutions are distributed and supported by
regional staff and partners worldwide. Together, we are
transforming how the world sees value.
For more details, visit https://www.copperleaf.com/
Source: Copperleaf Technologies Inc. CPLF-IR
SOURCE CopperLeaf Technologies Inc.