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Kneat Announces Record Revenue for Second Quarter 2025
GlobeNewswire News Room· 2025-08-05 21:11
Core Insights - Kneat.com, inc. is on a trajectory towards profitability, achieving record new customer wins and welcoming new leadership in key areas [2][10] - The company reported significant financial growth in Q2 2025, with total revenue reaching $15.4 million, a 32% increase year over year [7][8] Financial Highlights - Q2 2025 total revenue was $15.4 million, up from $11.7 million in Q2 2024, marking a 32% increase [8] - SaaS revenue for Q2 2025 grew 31% to $14.1 million compared to $10.8 million in Q2 2024 [8] - Gross profit for Q2 2025 was $11.6 million, a 34% increase from $8.7 million in Q2 2024, with a gross margin of 75% [8] - Annual Recurring Revenue (ARR) as of June 30, 2025, was $64.8 million, reflecting a 43% year-over-year growth from $45.4 million [7][8] Business Developments - In April 2025, Kneat signed a Services Agreement with a multinational generic pharmaceuticals producer to digitize its drawing management process [13] - The company launched Kneat Gx 9.5 in July 2025, enhancing data management capabilities and supporting risk-based validation processes [13] - Kneat expanded its executive leadership team, appointing a new Chief Innovation Officer and a new Chief Product Officer [13] Operational Performance - For the first half of 2025, total revenue increased 34% to $30.2 million compared to $22.4 million in the same period of 2024 [9] - Net income for the first half of 2025 was $1.8 million, a significant improvement from a net loss of $6.4 million in the first half of 2024 [9]
Kneat to Announce 2025 Second-Quarter Financial Results August 5, 2025
Globenewswire· 2025-07-29 21:06
Core Viewpoint - Kneat.com, Inc. is set to release its financial results for the quarter ended June 30, 2025, on August 5, 2025, after the TSX market close [1] Financial Results Announcement - The financial results will be available on the Investors page of the Kneat Solutions website [3] - A conference call and Q&A session for sell-side analysts will be hosted by the CEO and CFO on August 6, 2025, at 09:00 ET [2] Company Overview - Kneat Solutions specializes in digitizing and automating validation and quality processes for highly regulated industries [3] - The company’s digital validation platform, Kneat Gx, is fully certified and compliant with ISO 9001, ISO 27001, and 21 CFR Part 11/Annex 11 [3] - Kneat Gx has demonstrated significant efficiency improvements, including up to a 40% reduction in validation cycle times and up to a 20% faster speed to market [3]
Global Healthcare Technology Leader Selects Kneat
Globenewswire· 2025-06-26 21:09
Core Insights - Kneat.com, inc. has signed a multi-year Master Services Agreement with a leading healthcare technology and diagnostics company to digitize and automate validation and quality processes [1][2] - The healthcare technology company employs over 50,000 people and operates manufacturing facilities in more than a dozen countries [2] - The agreement will initially focus on digitizing Commissioning, Qualification, and Validation workflows at several key manufacturing sites [2][3] Industry Trends - The trend towards digital validation in the life sciences sector is accelerating, with 93% of organizations either using or planning to use digital validation, up from 86% in 2024 [3] - Digital validation is recognized for delivering speed to market, scalable compliance, and a foundation for future automation and AI innovations [3] Company Performance - Kneat Solutions is noted for its efficiency in validation and compliance through its digital validation platform, Kneat Gx, which is fully certified and compliant with industry standards [4] - Customer studies indicate that Kneat Gx can reduce documentation cycle times by up to 40% and speed to market by up to 20% [4]
Kneat to Announce 2025 First-Quarter Financial Results May 7, 2025
Globenewswire· 2025-04-30 12:12
Core Viewpoint - Kneat.com, Inc. is set to release its financial results for Q1 2025 on May 7, 2025, after the TSX market close, highlighting the company's ongoing commitment to transparency and investor engagement [1]. Financial Results Announcement - The financial results for the quarter ended March 31, 2025, will be available after the market close on May 7, 2025 [1]. - A conference call and Q&A session for sell-side analysts will be hosted by the CEO and CFO on May 8, 2025, at 09:00 ET [2]. Company Overview - Kneat Solutions specializes in providing digital validation and compliance solutions for highly regulated industries through its platform, Kneat Gx [3]. - The company is recognized for its high customer satisfaction and efficient implementation processes, supported by user-friendly design and expert training [3]. - Kneat Gx is fully certified under ISO 9001 and ISO 27001, and compliant with 21 CFR Part 11/Annex 11, ensuring high standards in validation processes [3]. - Independent studies indicate that Kneat Gx can achieve up to a 40% reduction in documentation cycle times and a 20% faster speed to market [3].