Kneat Q3 revenue misses estimates

Kneat.com

12/11/2025 22:17

Overview

Kneat Q3 revenue grows 26% yr/yr to CAD 16.1 mln, missing analyst expectations

SaaS revenue for Q3 grows 33% yr/yr to CAD 15.2 mln

Company reports Q3 net loss of CAD 0.5 mln, compared to net income last year

Outlook

Kneat aims for breakeven in 2026

Result Drivers

STRATEGIC WINS - Kneat attributes revenue growth to strategic wins with new customers and a robust pipeline

EXPENSE STABILIZATION - Kneat reports stabilizing expenses contributing to optimism for future breakeven

SAAS REVENUE GROWTH - SaaS revenue increased 33% yr/yr, driven by new customer agreements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$16.10 mln
C$16.80 mln (4 Analysts)
Q3 Basic EPS
-C$0.01
Q3 Gross Profit
C$12.20 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$8.00, about 38.7% above its November 11 closing price of C$4.90

Press Release: ID:nGNXbKljNd

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