kneat.com ( (TSE:KSI) ) has issued an update.
Kneat.com reported record financial results for the fourth quarter and full year of 2024, with significant revenue growth and improved profitability. The company’s total revenue for the fourth quarter reached $13.7 million, marking a 40% year-over-year increase, while its annual recurring revenue grew by 60% to $59.7 million. The company’s strategic expansion included the addition of five large customers and the formalization of its partner program, which now includes major partners like Körber and ALTEN Group. These developments underscore Kneat’s robust business model and its leading role in the digital transformation of validation processes within the life sciences industry.
More about kneat.com
Kneat.com, Inc. is a leader in digitizing and automating validation and quality processes, primarily serving the life sciences industry. The company focuses on transitioning validation processes to digital formats, positioning itself at the forefront of technological adoption in its sector.
YTD Price Performance: 2.56%
Average Trading Volume: 81,356
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$564.4M
Find detailed analytics on KSI stock on TipRanks’ Stock Analysis page.