Sector: Technology | Industry: Software |
Company Contact | |
Address: | Unit 7,Castletroy Park Business Centre, LIMERICK V94 5F68 |
Tel: | 1-902-4502660 |
Website: | https://kneat.com |
IR: | See website |
Key People | ||
Edmund Ryan Chief Executive Officer, Director | Brian Ahearne Co-Founder, Chief Information Officer | Hugh Kavanagh Chief Financial Officer |
Fiona Mccarthy Chief People and Culture Officer | Jacob Hahn Michelsen Senior Vice President - Global Sales & Marketing | Keith Holmes Chief Technical Officer | Kevin Fitzgerald Chief Product Officer, Director |
Business Overview |
kneat.com, inc. develops and markets the Kneat Gx software-as-a-service (SaaS) platform. It designs, develops and supplies software for data and document management within regulated environments. The Company's focus is to service the facilities, equipment and computer systems (CSV) validation market initially within the global life sciences industry. The Company's product is Kneat Gx, a configurable, off-the-shelf application focused on validation lifecycle management and testing primarily within the life sciences industry. Kneat Gx provides a compliant digital solution that enables companies in the life sciences industry to become efficient and compliant with an automated process that has traditionally been manual, inefficient and paper-based. Its various validation processes include electronic logbook management, analytical instrument validation, utility and facility validation, process validation, method validation and equipment validation, cold chain validation, and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Kneat.com Inc revenues increased 44% to C$34.2M. Net loss increased 54% to C$14.1M. Revenues reflect SaaS license fees segment increase of 73% to C$30.1M, Northern America segment increase of 31% to C$22.9M, Europe segment increase of 83% to C$11.1M. Higher net loss reflects Sales and marketing increase of 62% to C$13.8M (expense), Research and development increase of 43% to C$15.8M (expense). |
Employees: | 293 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $354.49M as of Dec 31, 2023 |
Annual revenue (TTM): | $34.22M as of Dec 31, 2023 |
EBITDA (TTM): | -$6.14M as of Dec 31, 2023 |
Net annual income (TTM): | -$14.12M as of Dec 31, 2023 |
Free cash flow (TTM): | -$18.43M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $12.92M as of Dec 31, 2023 |
Shares outstanding: | 85,394,071 as of Apr 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |