Kinaxis Reports Fiscal Third Quarter 2017 Results

Kinaxis (TSX:KXS) has announced its third quarter results, ended September 30, 2017.
As quoted in the press release:

Third Quarter 2017 Highlights 

(Comparisons made between fiscal Q3 2017 and fiscal Q3 2016 results, unless otherwise noted)

• Revenue totaled $33.5 million, up 12%
• Subscription revenue was $25.8 million, up 24%
• Gross profit was $23.8 million (71% of total revenue), up 16%
• Profit was $6.0 million or $0.24 per basic and $0.23 per diluted share
• Adjusted EBITDA⁽¹⁾ totaled $10.8 million (32% of total revenue)
• Adjusted diluted earnings per share⁽¹⁾ of $0.31

(1) “Adjusted EBITDA” and “Adjusted diluted earnings per share” are non-IFRS measures and are not recognized, defined or standardized measures under IFRS. These measures as well as other non-IFRS financial measures reported by Kinaxis are defined in the “Non-IFRS Measures” section of this news release.
“Our strong third quarter results demonstrate that sustained subscription revenue growth and consistent profitability remain the fundamental tenets of our robust business model,” said John Sicard, Chief Executive Officer of Kinaxis. “Our business momentum continues to be fueled by a world class product delivered by a growing strategic partner ecosystem.  Our partners expand access to new prospective customer relationships and deliver value through an accredited network of knowledgeable professionals.   This is a powerful combination that enables us to profitably scale Kinaxis. Our leadership team remains focused on delivering on our promise to revolutionize supply chain planning and enable customers to proactively plan and respond in today’s complex and unpredictable business environment. With the recent addition of Paul Carreiro as Chief Revenue Officer, we are well positioned for continued growth.”

Click here to read the full press release.