Business

Kneat Announces Record Revenue for First Quarter 2026

LIMERICK, Ireland, May 13, 2026 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, today announced financial results for the three months ended March 31, 2026. All dollar amounts are presented in Canadian dollars unless otherwise stated. Total revenue reaches $18.0 million in the first quarter, an increase of 22% year over yearAnnual Recurring Revenue (ARR)1 at March 31, 2026, reaches $7

articleKneat.com, Inc.May 13, 202614/company/kneatcom-inc/news/kneat-announces-record-revenue-for-first-quarter-2026
Kneat Announces Record Revenue for First Quarter 2026

About this update from Kneat.com, Inc.

[{"type":"image","alt":"kneat.com, inc.","displaySize":"","headline":null,"caption":"kneat.com, inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":106,"url":"https://media.zenfs.com/en/globenewswire.com/9b4f71b7b4c976f5821612a23e545ad1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/B_4lT2LQJ1swPzQCDrta4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0ODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9b4f71b7b4c976f5821612a23e545ad1","width":300,"height":106},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/B_4lT2LQJ1swPzQCDrta4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0ODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9b4f71b7b4c976f5821612a23e545ad1","width":300,"height":106}},"lazy":false},{"type":"text","content":"LIMERICK, Ireland, May 13, 2026 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, today announced financial results for the three months ended March 31, 2026. All dollar amounts are presented in Canadian dollars unless otherwise stated.","length":357,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue reaches $18.0 million in the first quarter, an increase of 22% year over year","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Annual Recurring Revenue (ARR)1 at March 31, 2026, reaches $76.4 million, an increase of 20% year over year","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit growth accelerates for the second quarter in a row, reaching 28% year over year","length":92,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":295,"olType":false},{"type":"text","content":"“The first quarter of 2026 reflected consistent execution and continued validation of our strategy. As the life sciences industry continues its transition to fully digital validation, Kneat is well positioned to lead and benefit from this sustained growth. We deliver compelling customer value through enhanced quality assurance, improved efficiency, and faster time to market. These fundamentals reinforce our confidence in Kneat’s ability to consolidate its leadership and create durable, long-term value for shareholders. This confidence was further reinforced at the Kneat Validate user conference in April, where we r...

More updates from Kneat.com, Inc.

financial measuresIFRSfinancial statements