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/Mis Actual Consensu

s s

Estimate

Q3 Miss C$16.10 C$16.80

Revenue mln mln (4

Analysts

)

Q3 Basic -C$0.01

EPS

Q3 Gross C$12.20

Profit 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 ( KSIOF ) is C$8.00, about 38.7% above its November 11 closing price of C$4.90

Press Release:

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(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.)