Leonovus Inc. Files Second Quarter 2022 Financial Results


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OTTAWA, Aug. 29, 2022 (GLOBE NEWSWIRE) — Leonovus Inc., (“Leonovus”) (TSXV: LTV) announces the filing of its unaudited interim financial statements and MD&A (“Management report”) for the quarter ended June 30, 2022. Our MD&A contains a detailed analysis of Leonovus’ financial condition and results of operations and is available on SEDAR at www.sedar.com. Amounts are in Canadian dollars.

Leonovus launched its Torozo product in May 2022. Although the company is excited about its long-term value, Torozo will not generate enough revenue soon to sustain the company. Four years of working with the Canadian federal government have resulted in several valuable assets, such as our secure file sharing/transfer standing offer, our software license supply agreements for Smart Filer and Vault, and relationships useful sales tools and proofs of concept. However, as Leonovus continues to grow sales within the federal government, there is no clear path to near-term revenue.

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About Leonovus

Leonovus is a secure data management software company. The Leonovus suite of data management tools provides customers with a complete end-to-end data-centric solution. This solution can stand alone or integrate with the organization’s zero-trust strategy and architecture. It seamlessly leverages the organization’s existing storage infrastructure and network architecture, running on-premises in the cloud. It extends data-centric controls across the entire architecture, including cloud resources.

To learn more, please visit www.leonovus.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information please contact:
George Pretli
Financial director
[email protected]


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