Kneat Reports Record Q1 Revenue and Growth

kneat.com, Inc. (TSE:KSI) has released an update.

Kneat.com, Inc. has reported a robust start to 2024 with first-quarter revenues soaring to $10.8 million, marking a 35% increase from the previous year. The company’s Annual Recurring Revenue (ARR) experienced a significant uptick of 57% to reach $42.1 million, driven largely by a 59% surge in SaaS ARR. These financial achievements come alongside strategic agreements with global companies and a successful equity financing of approximately $20 million, positioning Kneat for continued growth in digitizing validation and quality processes.

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