Core Insights - Kneat.com, inc. has signed a three-year Master Services Agreement with a leading equipment manufacturer to implement the Kneat Gx platform for digitizing equipment testing processes [1][2][3] - The agreement marks Kneat's seventh strategic customer win in 2025, following a record-setting quarter for new customer additions in the life sciences and other industries [3] Company Overview - Kneat Solutions specializes in providing digital validation and compliance solutions for highly regulated industries, enhancing efficiency in validation processes [4] - The Kneat Gx platform is fully ISO 9001 and ISO 27001 certified, validated, and compliant with 21 CFR Part 11/Annex 11 standards [4] - Independent studies indicate that Kneat Gx can reduce labor hours for validation documentation by over 50% and accelerate review and approval cycles by up to 50% [4] Industry Context - The agreement with the equipment manufacturer is part of a broader trend where industries are expanding their digital capabilities to improve quality, compliance, and speed to market [3] - The company employs over 15,000 people and markets products in over 120 countries, indicating a significant global presence [2]

Core Insights - Kneat.com, inc. has signed a three-year Master Services Agreement with a global medical technology company, indicating strong demand for its services in the life sciences sector [1][3] - The global medical technology company is part of a larger manufacturer based in Asia, employing over 30,000 people and providing medical devices in over 160 countries [2] - Kneat's Gx platform will be utilized for equipment validation, showcasing its technical fit for various validation use cases [2][3] Company Overview - Kneat Solutions specializes in digital validation and compliance for highly regulated industries, offering the Kneat Gx platform which enhances efficiency in validation processes [4] - The platform is fully certified under ISO 9001 and ISO 27001, and compliant with 21 CFR Part 11/Annex 11, ensuring high standards of quality and security [4] - Customer studies indicate that Kneat Gx can reduce documentation cycle times by up to 40% and speed up time to market by up to 20% [4]

LIMERICK, Ireland, Aug. 05, 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-month period ended June 30, 2025. All dollar amounts are presented in Canadian dollars unless otherwise stated. Second-quarter 2025 total revenue reaches $15.4 million, an increase of 32% year over yearGross margin for the quarter ended June 30, 2025 reaches 75%Annual Rec ...

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]

Leadership Change - Kneat.com, inc. announces a change in its senior leadership team with the retirement of CFO Hugh Kavanagh, who contributed significantly to the company's growth and success [2][4] - Dave O'Reilly will join as the new CFO on July 7, bringing experience from his previous role at Ekco, where he helped scale the company to $200 million in annual revenue [3][4] Company Overview - Kneat Solutions specializes in digitizing and automating validation and quality processes for highly regulated industries, offering a digital validation platform known as Kneat Gx [5] - Kneat Gx is fully ISO 9001 and ISO 27001 certified, and compliant with 21 CFR Part 11/Annex 11, demonstrating its commitment to high compliance standards [5] - The platform has shown to reduce documentation cycle times by up to 40% and increase speed to market by up to 20% through independent customer studies [5]

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]

Core Insights - Kneat.com, inc. has signed a three-year Master Services Agreement with a US-based manufacturer of clinical diagnostics, indicating a strategic partnership aimed at digitizing and automating validation processes in the healthcare sector [1][2]. Company Overview - The Company operates in over 40 countries and employs more than 14,000 people, providing a wide range of clinical diagnostics and biomedical testing services [2]. - As part of a larger life sciences organization with over 60,000 employees, the Company will initially utilize Kneat Gx to digitize its equipment validation process [2]. Industry Trends - There is a growing trend in the life sciences sector towards digitalization, with companies moving from manual, paper-based validation processes to streamlined digital solutions to enhance quality, compliance, and speed to market [3]. Product and Service Details - Kneat Solutions offers a digital validation platform, Kneat Gx, which is designed for highly regulated industries, providing efficiency in validation and compliance [4]. - Kneat Gx is fully certified (ISO 9001 and ISO 27001) and compliant with 21 CFR Part 11/Annex 11, demonstrating its reliability and adherence to industry standards [4]. - Independent studies indicate that Kneat Gx can reduce documentation cycle times by up to 40% and accelerate speed to market by up to 20% while improving compliance standards [4].

Core Insights - Kneat.com, inc. reported strong financial results for Q1 2025, with total revenue reaching $14.7 million, a 37% increase year over year [6][7] - The company is focused on enhancing its Kneat Gx platform to improve efficiency and trust in validation processes for its customers [2] - Kneat's Annual Recurring Revenue (ARR) grew by 51% year over year, reaching $63.5 million as of March 31, 2025 [6][7] Financial Performance - Total revenue for Q1 2025 was $14.7 million, compared to $10.8 million in Q1 2024, marking a 37% increase [6][7] - SaaS revenue increased by 42% to $13.8 million in Q1 2025 from $9.7 million in Q1 2024 [7] - Gross profit for Q1 2025 was $10.9 million, up 38% from $7.9 million in Q1 2024, maintaining a gross margin of 74% [7][19] - EBITDA for Q1 2025 was $5.9 million, compared to a loss of $0.5 million in Q1 2024 [7][19] - Adjusted EBITDA for Q1 2025 was $2.3 million, up from $0.6 million in Q1 2024 [7][19] Business Highlights - Kneat partnered with Capgemini in January 2025 to enhance the deployment of its digital validation platform in life sciences companies [6] - The company secured contracts with a European leader in specialty therapeutics and a global consumer products company to digitize validation processes [6] - Kneat's cash position improved, ending Q1 2025 with $74.1 million in cash, up from $58.9 million at the end of Q1 2024 [8][20] Leadership and Events - Kneat announced the expansion of its executive leadership team, with a new Chief Innovation Officer role being created [13] - The company hosted its annual event, VALIDATE, which saw record attendance and showcased the capabilities of the Kneat Gx platform [13]

Core Insights - Kneat.com, inc. has announced an expansion of its executive leadership team to enhance innovation and product development as it scales to meet global customer demand [1][2] Leadership Changes - Kevin Fitzgerald, co-founder and current Chief Product Officer, will transition to the newly created role of Chief Innovation Officer in early June 2025, allowing him to focus on the strategic vision and innovation of Kneat's products [3] - Donal O'Sullivan will join Kneat as Chief Product Officer, bringing over 25 years of experience in software development leadership roles, previously serving as CPO at My Compliance Office [4][5] Strategic Focus - The restructuring aims to optimize product operational excellence and strategic planning, providing necessary leadership and governance as the company grows [2][6] - The leadership changes are expected to better position the company to capture growth opportunities in the market [6] Product Overview - Kneat Solutions offers a digital validation platform, Kneat Gx, which is designed for highly regulated industries, ensuring compliance and efficiency [7] - The platform is fully certified and compliant with ISO standards and regulatory requirements, demonstrating significant improvements in documentation cycle times and speed to market [7]

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].