Evercam Construction VsaaS Company Profile

By Louis Cid, Published May 09, 2022, 08:42am EDT (Info+)

Evercam is an Ireland-based construction-industry-specific VSaaS company. The company has grown significantly over the past few years and now plans to raise additional capital and expand internationally including the US.

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In this report, IPVM examines Evercam's application in the construction industry, its recent performance, and its plans for the future, based on a conversation with CEO Marco Herbst and a review of the company's financial filings.

Evercam **********

*** ***** ****** *** ************** *******-**************** ******, ******* ** ****. *** two ********** *** ********** ******* *** website ****.**. ** *** ***************** *** ******* **** ** ******** **** ******* **** *****.**.

******* ********* ********* **** ************ ********* and **** *********** ** *******. **** sales *** ********* ******** ** *** UK, *** ******* ***** ******* **** closely **** ********** *** ******* **** owners, ****** ****.

******* ** **** ** ************* *** construction ***** *********, **** ******, *** in **** *** ******* ***** ** conduct * ****** * *** **** primarily ** *** **.

Revenue *** *******

*** ******* ********* ********* **** ***** $4 ******* *** ** *******, **** "well **** **** ** **** ** Ireland *** *** **."******* ***** ** ******* ** * loss *** "** ***** * ** 3 *****" ***** ** ***** *** US *********. ****** ********* **** **** as *********, ***** *** "****** ** the **** ** *** ***********" *** market ********.

**** **** ** ****, *** *******'* revenue ***********%+ **** ~ $*.** ** ~ $2m ***. ** **** **** ******, administrative ******** ********* ** (~$**** ** ~$1.7m) *** *** "**** ** *****" increased *.** (~$**** ** ~$****), *** factors **** ***** *** ******* ******* a **** ** *************. *******, ***** its ***** ** ***** ******* *** expand, ********* ** * **** ** not **********:

**** *** **** * ********** **** for **, **** *** **** * profitable **** *** **. *** *'* a **** ** ***** ******** **** of ***, ***** ******** *******, *** know, **** ******* *** ******* **** profitable. *** **** ** ******** **** there *** **** ******* ****** ** be **** * ****** ******** ******, we *******, *** **** *** **'** going ** ****** ** ** **** is **** ******** *****.

** ****, ******* ****** $*.** **** two ***** ***** ** ***** *** the ********* $*.** ** *** **** of ****, ****** **** ****.** *** ***** ** ******, *** company ****~ $*.** ** ****, ~ $*.** in *****, **** ******** *** ****** of ~ $*.**, ******** ** ** cash *** ~ $*** ** *********** at *** ***** ** ******. *** in****, *** ******* ****** "* ***** of ~$*.** **** ******** ********* ********** *******."

Pricing *****

*** ***** ** *******'* ******** ** $400 *** *****, *** *** ******* construction *** **** *** "************* ** months," *** * ***** ** "~$** per ******," *** ******* **** **** in ** *-****. *** ****** ********* are ** *** ***** ** "~ $250k."

***** ****** ** *** ******* *** costs ** ******** *** *************. *******, Evercam ******** **** ********** *** ********** with ********* *******. * ******* ******* includes *******, ***, *** * ** router, ****** ****.

** ***'* ****** *** ***** *** we ***'* ****** *** *****. ** actively ********* ********* ** ***** **** as **** * ***** ** ******** in ***** ** *** *** ******* benefit **** ******* ** * ************* tool. **'* ***** *** **** ************** and *******.

Employee ***********

*** ************ *** ********* ** *********** ***** ***% ****** ** ********* the **** *** *****. *** **** has ***** ***** ***** *** *********** employees, ****** ** ****** ** ****, according ** ******** ********. ****** **** the ******* *** ** ********* ***** in ******* **** ******** **** ********** 14 *********.

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Construction **** **********

*******'* ******** ** ******** ** **** construction ********* *** **** ******** ******** efficiency ** ********** *** ************ ******* management.

*******'*********"*******" "*-***" "**** ******" "********" "***"*** ****** ******* ******* *** ******** tracking, *********** **** ***** *****, ************** tools, *** ************ ******** ******** ** incorporating *****-********* ****** ** ******** ********** at ******* ****** ** ************.

"********** ******* ********" *** ****** **** of *******'* ********, **** ******. ** this *****, ******* **** ****** **** closely **** ************ ********* ****** *********.

**'** **** ********** ** ***** ******** where ***** ** * ********, ******* the ******* ******** *****, **** ***** people ** **** * ****** ****** of *****. ** **** ***'* ***** our **** ******* ***** **** *** facts ****. ****'** *** **** ** see *** **** ***** *** **** in * ************* ***.

***** ***** *** ********* ******** *** lawsuits ********** * *****, *******'* ******** can **** ** ***** ** ******* them **** *******. ******** ******* ** disputes *** ****** ** ********** ** material ** ********* ******** *** "******" that ******* **** *********** ***** ***********, Herbst ****.

******* ****'* * ****** *** ****** issue ** ****, ** * ************ about ********* ********* ******** *********, ********* being *** ** *** ***** *****, something ******** ** *** ***** *********. These *** *********, ****, **** *******.

***********

*** ************ ****** ****** ** **** established *** **** **** ********. **** does *** **** ****** ***** **** market ** *********** ****** *** *** where ******* *** ** ******** **** its ******.

*******

******* *******'* ******* ***** **** ********* revenue ****** ************ ******, *** ******* must ************ **** *** *********.*** *** ** ****** **** ** convincing **** *** ****** ************ ***** of *** *** ** *******'* ********.

Comments (3)

** **************** ***** ** **** *** ***** same ***** *** ******** *****. ******* is ****** ********* ** ****. * have **** **** ***** **** *** performance *** **** ** ***. ***** clients, ******* ********, *** ********** ******* eyeball ** ******** *** *** ****-***** is * **** ********* ****.

**** ********* ********* *** ******.

Agree
Disagree
Informative: 7
Unhelpful
Funny

***** **** * *** ** *** checked *** *** **** *********!

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Agree
Disagree
Informative
Unhelpful
Funny

****'* ****** ***********! * *********** ** ***:

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Agree
Disagree
Informative
Unhelpful
Funny
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