May. 20 at 12:59 PM
$KSI.TSX
$KSIOF Q1 Results :
Kneat is off to a solid start in 2025, both in terms of continued strong growth and progress toward profitability.
-Total revenues increased 37% to
$14.7 million in the first quarter of 2025, compared to
$10.8 million for the 1st of 2024.
-SaaS revenue for the first quarter of 2025 grew 42% to
$13.8 million, versus
$9.7 million for the first quarter of 2024.
-First-quarter 2025 gross profit was
$10.9 million, up 38% from
$7.9 million in gross profit for the first quarter of 2024.
-Gross margin in the first quarter of 2025 was 74%, as it was in the first quarter of 2024.
https://investors.kneat.com/news-releases/news-release-details/kneat-announces-record-revenue-first-quarter-2025