LIMERICK, Ireland, May 07, 2025 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTC: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, today announced financial results for the three months ended March 31, 2025. All dollar amounts are presented in Canadian dollars unless otherwise stated. Total revenue reaches $14.7 million in the first quarter, an increase of 37% year over yearAnnual Recurring Revenue (ARR)1 at March 31, 2025, reaches $63.5 million, a ...

EMERGING TECH RESEARCH Enterprise SaaS Public Comp Sheet and Valuation Guide Q1 2025 PitchBook Data, Inc. Nizar Tarhuni Executive Vice President of Research and Market Intelligence Paul Condra Global Head of Private Markets Research James Ulan Director of Emerging Technology Research Institutional Research Group Analysis Derek Hernandez Senior Research Analyst, Enterprise SaaS and Infrastructure SaaS derek.hernandez@pitchbook.com pbinstitutionalresearch@pitchbook.com | Contents | | | --- | --- | | Key takea ...

Weave Overview Q1 2025 NYSE : WEAV MAY 2025 1 Safe Harbor Statement This presentation has been prepared by Weave Communications, Inc. ("Weave", "we", "us", or "our") for informational purposes only and not for any other purpose. This presentation contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995 that are based on our management's current expectations and projections about future events and financial trends that we believe may affect our financial condition, re ...

Group 1 - The core viewpoint of the article highlights the financial performance and market position of the company, with a focus on its revenue growth and profit decline [1][2][3] Group 2 - As of May 1, the company's stock price increased by 2.23%, reaching $1.922 per share, with a total market capitalization of $196 million [1] - For the fiscal year ending December 31, 2024, the company reported total revenue of $60.202 million, reflecting a year-on-year growth of 12.52%, while the net profit attributable to shareholders was $5.021 million, showing a decrease of 7.29% compared to the previous year [1] - The company, established on February 13, 2015, is a Cayman Islands limited liability company that spun off from Taiwan's CyberLink Corp, focusing on enhancing consumer shopping experiences through AR, AI, and digital technologies [2] - The company's domestic entity, Perfect Commerce (Shanghai) Co., Ltd., is a leading provider of SaaS AI and AR beauty and fashion technology solutions, aiming to create seamless and omnichannel experiences [2] - The company's immersive app series has achieved over 1 billion global downloads, providing consumers with a convenient platform to virtually experience various products [2]

Financial Data and Key Metrics Changes - The company reported a 50% year-over-year revenue growth for Q1 2025, with a normalized growth of 24% excluding the Keep acquisition [6][19] - SaaS revenue reached $111.1 million, exceeding guidance, with an adjusted EBITDA margin of 10% [19][20] - The overall SaaS ARPU increased to $335, with Thrive's ARPU at $320 and Keep's ARPU at $428 [22][23] - The net debt position was $298 million, with a leverage ratio of 2.2 times net debt to EBITDA [27][28] Business Line Data and Key Metrics Changes - SaaS revenue now constitutes 61% of total revenue, marking a significant shift from marketing services to SaaS [7] - Marketing services revenue for Q1 was $70.2 million, reflecting a 42% year-over-year decline as the company transitions clients to SaaS offerings [25][26] - Subscriber growth for SaaS reached 37%, totaling 111,000 subscribers, including 15,000 from Keep [9][21] Market Data and Key Metrics Changes - The company is focusing on expanding its existing customer base, with 17.2% of SaaS subscribers using multiple paid products, up from previous periods [12][22] - Seasoned net revenue retention reached a record high of 103%, indicating strong customer satisfaction and loyalty [23] Company Strategy and Development Direction - The company is transitioning to a fully SaaS-focused model, planning to exit the marketing services business by 2028 [26][28] - The strategy emphasizes deepening relationships with existing customers to drive revenue growth through cross-selling and upselling [12][15] - The company is investing in product development and enhancing its partner channel to support growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of their customer base, which primarily addresses non-discretionary needs [30][32] - The company is taking a conservative approach to guidance amid economic uncertainty, despite strong performance indicators [34][75] - Management noted that small businesses are currently prioritizing marketing tools to ensure a full order book [33][40] Other Important Information - The company is experiencing increased traffic expenses due to heightened demand for its marketing center and related add-ons [43][44] - The integration of Keep is progressing well, with positive feedback from partners regarding the combined product offerings [52][54] Q&A Session Summary Question: Can you elaborate on the record high net retention rate and what customers are buying? - Management highlighted that customers are increasingly adopting additional products, contributing to the high net retention rate [37][38] Question: What are the reasons for the decrease in SaaS customer additions this quarter? - Management attributed the decrease to seasonal factors and a strategic focus on existing customer expansion rather than new customer acquisition [57][59] Question: How is the integration of Keep progressing? - Management reported strong integration progress, with partners excited about the combined capabilities of Thrive and Keep [50][52] Question: What is the outlook for the SaaS business in a challenging macro environment? - Management indicated that the current environment is prompting customers to prioritize marketing and sales tools, which could benefit the SaaS business [68][70] Question: Are there any differences in retention between Thrive and Keep customers? - Management noted that both customer bases are resilient, with no significant differences in churn rates observed [80][90]

Thryv (THRY) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Cameron Lessard - Vice President, Corporate Development and StrategyJoe Walsh - Chairman & CEOGrant Freeman - PresidentPaul Rouse - CFOArjun Bhatia - Co-Group Head - Technology, Media & CommunicationsScott Berg - Managing DirectorMatthew Swanson - Director - Equity Research Conference Call Participants Jason Kreyer - Senior Research AnalystZach Cummins - Senior Research AnalystNone - Analyst Operator Thank you for standing by. ...

Core Insights - Nuvini Group Limited reported record FY24 revenue of R$193.3 million, representing a 14.4% increase from R$169.0 million in FY23, driven by higher SaaS subscription revenue and improved customer retention [1][6] - The company achieved its first operating profit of R$16.5 million, a significant turnaround from a loss of R$(189.2) million in FY23 [1][6] - Adjusted EBITDA rose to R$57.4 million, marking a 30% increase compared to R$44.3 million in FY23 [1][6] - Nuvini plans to complete a minimum of four acquisitions in 2025 as part of its expansion strategy [5] Financial Highlights - Gross profit increased to R$122.5 million with a margin of 63.4%, up from R$102.8 million and 60.8% in FY23 [6] - Adjusted free cash flow improved to R$22.5 million, an increase of R$31.9 million compared to the previous year [6] - Cash and equivalents at year-end were R$18.0 million, up from R$11.4 million at the end of FY23 [6] - Churn rate improved to (2.9)% from (3.3)% in FY23, indicating better client satisfaction [6] Strategic Developments - The company announced the acquisition of Munddi, an online platform connecting brands with consumers, suppliers, and retail chains in São Paulo, Brazil, which is expected to close in Q2 2025 [3][4] - This acquisition is part of a broader strategy to enhance profitability and expand the revenue base through targeted acquisitions [4]

Q1 2025 Financial Performance - SaaS revenue increased to $111.129 million, a 49.5% year-over-year increase compared to $74.322 million in Q1 2024 [34] - Marketing Services revenue decreased to $70.242 million, a (55.9)% year-over-year decrease compared to $159.302 million in Q1 2024 [34] - Consolidated revenue decreased to $181.371 million, a (22.4)% year-over-year decrease compared to $233.624 million in Q1 2024 [34] - The company reported a net loss of $9.618 million, compared to a net income of $8.424 million in Q1 2024 [34] Profitability Metrics - SaaS Adjusted EBITDA increased to $10.815 million, compared to $3.435 million in Q1 2024 [34] - SaaS Adjusted EBITDA Margin increased to 9.7%, compared to 4.6% in Q1 2024 [34] - Marketing Services Adjusted EBITDA decreased to $10.086 million, compared to $50.679 million in Q1 2024 [34] - Marketing Services Adjusted EBITDA Margin decreased to 14.4%, compared to 31.8% in Q1 2024 [34] - Consolidated Adjusted EBITDA decreased to $20.901 million, compared to $54.114 million in Q1 2024 [34] - Consolidated Adjusted EBITDA Margin decreased to 11.5%, compared to 23.2% in Q1 2024 [34] Future Outlook - The company expects SaaS revenue between $113.0 million and $115.0 million for Q2 2025 and between $460.5 million and $471.0 million for FY 2025 [55] - The company expects Marketing Services revenue between $90.0 million and $91.0 million for Q2 2025 and between $310.0 million and $314.0 million for FY 2025 [55]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [24] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year, marking a significant increase [24] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase year-over-year [24][25] - The average revenue per user (RPU) was $19.74, up 18% compared to the previous year [26] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [24] - The company added 36 new digital banking clients, representing 1.1 million digital users, and exited the quarter with 278 live clients [25] - The Mantle acquisition contributed significantly to the growth in RPU, with an estimated contribution of 1.8 to RPU this quarter [41] Market Data and Key Metrics Changes - The company reported a registered user growth of approximately 2.3 million or 13% compared to the previous year [25] - The demand for digital banking services remains strong, with no observed decline despite macroeconomic uncertainties [7][9] - The company noted a balanced demand from both banks and credit unions, with a focus on enhancing account opening experiences [53] Company Strategy and Development Direction - The company aims to leverage its digital banking platform to enhance customer acquisition and onboarding experiences, emphasizing the importance of a seamless digital experience [10][87] - Investments are being made in product development, particularly in onboarding, user experience, and personalization [14] - The company is building a strategic development center in India to increase product and engineering capacity while maintaining profitability commitments [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives, citing a strong sales pipeline and successful acquisition integration [7] - The demand for digital banking is viewed as essential for regional and community financial institutions to compete effectively [8] - Management indicated that the current macroeconomic environment has not led to a reduction in digital banking demand, with clients prioritizing their digital agendas [9][10] Other Important Information - The Mantle acquisition was completed on March 17, 2025, for an enterprise value of $393 million, which is expected to be accretive to adjusted EBITDA in 2026 [31][34] - The company has expanded its credit facility from $125 million to $225 million, enhancing its financial flexibility [30] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative lighter in Q1? - Yes, it was a lighter expense in Q1, with the majority of the expense expected to concentrate in the third and fourth quarters of 2025 [38] Question: What contributed to the growth in revenue per user? - Mantle was the largest contributor, followed by success in add-on sales and new clients adopting more products [40] Question: Can you frame the cross-selling opportunity with Mantle? - Mantle had five transactions sold into the Alchemy base, and the integration is expected to yield significant cross-selling opportunities [46] Question: Where is the most traction seen with the Mantle acquisition? - Balanced demand is observed from both banks and credit unions, with a focus on enhancing account opening experiences [53] Question: What would it take for banks to slow spending on digital banking? - It would require extraordinary dislocation, as banks are managing expenses but not cutting digital banking projects [99][100]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [23] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year, marking a significant increase [23] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase year-over-year [23][24] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [23] - The company added 36 new digital banking clients, contributing to a total of 278 live clients and 20.5 million registered users, which is a 13% increase year-over-year [24] - The revenue per user (RPU) increased by 18% to $19.74, driven by the Mantle acquisition and successful add-on sales [25] Market Data and Key Metrics Changes - The company reported a strong demand environment for digital banking, with no observed decline in demand despite macroeconomic uncertainties [6][10] - The company’s sales pipeline remains robust, with a healthy mix of new client acquisitions and renewals [25] - The Mantle acquisition is expected to enhance the company's competitive position in both bank and credit union markets, with balanced demand observed in both segments [50] Company Strategy and Development Direction - The company is focused on enhancing its product offerings in onboarding and account opening, retail and commercial functionality, user experience, and personalization [13] - A strategic development center is being established in India to increase product and engineering capacity while maintaining profitability commitments [16] - The company aims to leverage its unique financial model to strengthen its competitive position in the SaaS market [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives, citing a strong implementation backlog and sales pipeline [6] - The demand for digital banking is viewed as essential for regional and community financial institutions to compete effectively [6][10] - Management remains optimistic about the future, indicating that digital banking projects are prioritized by clients despite economic uncertainties [96][100] Other Important Information - The Mantle acquisition, valued at $400 million, was completed earlier than expected and is anticipated to be accretive to adjusted EBITDA in 2026 [31][33] - The company has expanded its credit facility from $125 million to $225 million, enhancing its financial flexibility [30] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative still a lighter expense in Q1? - Yes, it was a lighter expense in Q1, with the majority of the expense expected to concentrate in the third and fourth quarters of 2025 [36][37] Question: How much did Mantle contribute to the growth in revenue per user? - Mantle contributed about 1.8 to RPU this quarter, with a more normalized growth rate expected going forward [39][40] Question: What is the opportunity for cross-selling Mantle into the existing base? - Initial success has been seen with five transactions sold into the Alchemy base, and there is confidence in the cross-selling opportunity [42][43] Question: Where is the most traction being seen with the Mantle acquisition? - Balanced demand is observed in both banks and credit unions, with a focus on enhancing account opening experiences [50] Question: What would it take for banks to slow spending on digital banking projects? - It would require extraordinary dislocation for banks to halt their digital banking projects, as these are often budgeted line items [96][100]