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kneat.com (TSE:KSI)
TSX:KSI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2018
|% Change Since: 30.67%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant revenue and profit growth, strategic customer acquisition, and progress in partner programs. However, there were concerns about increased operating and sales expenses. Despite these, the overall outlook remains positive with a clear path toward profitability.Company Guidance
During Kneat's Q3 2024 earnings call, the guidance highlighted significant growth metrics, with annual recurring revenue (ARR) increasing 59% year-over-year to $49.9 million and overall revenue rising 52% to $12.8 million. Gross profit saw an impressive 78% increase, reaching $9.8 million, while operating expenses grew modestly by 15%. The company emphasized the success of its partner program and noted the addition of two new partners in the quarter. Looking forward, Kneat aims to continue expanding its customer base while developing the Kneat Gx platform and moving closer to profitability. The strategic focus remains on expanding within existing customers and gaining market share in the life sciences sector, while also advancing its product capabilities with the recent release of Kneat Gx 9.3.Significant Revenue Growth
Revenue grew 52% year-over-year to $12.8 million, with SaaS revenue growing 48% year-over-year to $11.5 million.
Increase in Annual Recurring Revenue
Annual recurring revenue (ARR) grew 59% year-over-year to $49.9 million.
Gross Profit Surge
Gross profit grew 78% year-over-year to $9.8 million, resulting in a gross margin of 77%, the highest level yet.
Successful Expansion in Partner Program
Welcomed 2 new partners in Q3, contributing to the growth and expansion of Kneat's platform.
Strategic Customer Acquisitions
Brought on several strategic new customers, contributing to a solid foundation for longer-term growth.
Progress Towards Profitability
Growth in operating expenses slowed to 15% while revenue and gross profit increased, indicating progress towards profitability.
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TSE:KSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$4.89 | C$4.91 | +0.41% |
| Aug 06, 2024 | C$4.35 | C$4.46 | +2.53% |
| May 08, 2024 | C$4.04 | C$4.42 | +9.41% |
| Feb 21, 2024 | C$3.69 | C$3.65 | -1.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does kneat.com (TSE:KSI) report earnings?
kneat.com (TSE:KSI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is kneat.com (TSE:KSI) earnings time?
kneat.com (TSE:KSI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KSI EPS forecast?
TSE:KSI EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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