Canada's Kneat misses Q2 revenue estimates

Kneat.com

05/08/2025 22:22

Overview

Kneat Q2 revenue rises 32% yr/yr to CAD 15.4 mln, misses expectations

Gross margin improves to 75% from 74% in Q2 2024

Net loss narrows to CAD 0.4 mln from CAD 3.1 mln in Q2 2024

Result Drivers

NEW CUSTOMER WINS - Kneat attributes revenue growth to new customer acquisitions, per CEO Eddie Ryan

SAAS REVENUE - SaaS revenue grew 31% yr/yr, contributing significantly to total revenue increase

ARR GROWTH - Annual Recurring Revenue rose 43% yr/yr, indicating strong demand for Kneat's services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$15.40 mln
C$16.20 mln (4 Analysts)
Q2 Gross Margin
75.0%
Q2 Gross Profit
C$11.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Kneat.com Inc is C$8.50, about 33.8% above its August 1 closing price of C$5.63

Press Release: ID:nGNXhW3vy

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)