Kinaxis Inc

KXS

Equity

ISIN CA49448Q1090 / Valor 24379008

Toronto Stock Exchange (2024-09-16)

CAD 154.47-0.80%

Kinaxis Inc
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About company

Kinaxis Inc is a Canadian-based company that specializes in providing supply chain management solutions for organizations looking to improve their operational efficiency and decision-making processes. The company's software enables teams to collaborate effectively across company boundaries, including suppliers, customers, and partners, within multi-enterprise networks. By facilitating communication and data sharing among different stakeholders, Kinaxis helps organizations optimize their supply chain operations and achieve better outcomes as a team.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

Kinaxis Inc. reported total revenue of $118.3 million for the second quarter of 2024, representing a 12% increase compared to $105.8 million in the same quarter of 2023. This growth was driven by strong performance across various segments, including SaaS and professional services.

SaaS Revenue

In Q2 2024, Kinaxis Inc.'s SaaS revenue grew by 18% to $75.4 million, up from $64.1 million in Q2 2023. This significant increase underscores the company's successful focus on expanding its SaaS offerings and customer base.

Gross Profit

Kinaxis Inc. achieved a gross profit of $70.2 million in the second quarter of 2024, marking a 10% increase from $63.7 million in Q2 2023. The gross profit margin for the quarter was 59%, slightly down from 60% in the previous year.

Adjusted EBITDA

For Q2 2024, Kinaxis Inc. reported an adjusted EBITDA of $21.9 million, a 44% increase from $15.2 million in Q2 2023. The adjusted EBITDA margin improved to 19% from 14% in the same period last year, reflecting enhanced operational efficiency.

Annual Recurring Revenue

Kinaxis Inc.'s annual recurring revenue (ARR) rose by 15% to $339 million at the end of Q2 2024, compared to $293 million at the end of Q2 2023. This growth highlights the company's success in securing long-term subscription contracts and increasing its recurring revenue base.

Summarized from source with an LLMView Source

Key figures

-6.62%1Y

-22.9%3Y

86.7%5Y

Performance

31.8%1Y

35.6%3Y

39.5%5Y

Volatility