Ireland's Kneat Q1 revenue rises on digitalization demand

Kneat.com

13/05/2026 22:29

Overview

Ireland digital validation firm's Q1 revenue rose 22% yr/yr, slightly beating analyst expectations

Company posted a net loss of C$3.9 mln, reversing a profit from a year earlier

Gross profit grew 28% yr/yr and gross margin improved to 78%

Outlook

Company says sales pipeline remains strong and trend toward digitalization continues

Company expects to benefit from sustained growth in life sciences industry digital validation

Company reports positive customer feedback on recent product developments, including embedded AI capabilities

Result Drivers

DIGITALIZATION DEMAND - Co said growth was driven by life sciences industry shift toward digital validation

NEW CUSTOMER WINS - Co cited new contracts with biopharma and pharmaceutical manufacturers as contributing to growth

PRODUCT INNOVATION - Co highlighted positive customer feedback on embedded AI capabilities and recent product developments

Company press release: ID:nGNX76qykp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
C$18 mln
C$17.95 mln (5 Analysts)
Q1 EPS
-C$0.04
Q1 Gross Margin
78.00%
Q1 Basic EPS
-C$0.04
Q1 Gross Profit
C$14 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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$6.00, about 13.9% above its May 12 closing price of C$5.27

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)