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Added to YB: 2026-04-13

Pitch date: 2026-04-10

KSI.TO [neutral]

kneat.com, inc.

+2.77%

current return

Author Info

Whiteout Capital is a software engineer and private investor publishing independent research focused on global microcaps. Sign up for the newsletter.

Company Info

kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in America, Europe, and the Asia Pacific.

Market Cap

CAD 356.4M

Pitch Price

CAD 3.61

Price Target

N/A

Dividend

N/A

EV/EBITDA

-43.67

P/E

-150.34

EV/Sales

5.31

Sector

Health Care Technology

Category

growth

Show full summary:
Whiteout Capital | 2026 Q1 Review - Kneat.com, inc.

KSI.TO (holding update): Digital validation software for life sciences with multi-year rollouts becoming mission-critical post-implementation. 10yrs to land first customer creates switching cost moat. AI unlikely to disrupt: selling/onboarding can't be skipped, pharma won't risk vibe-coded knockoffs vs battle-tested platform. Outcompeting better-funded ValGenesis/Veeva on win rate. Mgmt targets profitability FY26.

Read full article (3 min)