Page 1

Kinaxis Inc. Reports First Quarter 2021 Results • SaaS revenue grows 19 % to $ 40.6 million • Adjusted EBITDA ( ¹ ) margin of 16 % KINAXIS OTTAWA , CANADA , MAY 4 , 2021 – Kinaxis® ( TSX : KXS ) , the authority in driving agility for fast , confident decision - making in an unpredictable world , today reported results for its first quarter . All amounts are in U.S. dollars . All figures are prepared in accordance with International Financial Reporting Standards ( IFRS ) unless otherwise indicated . " We're pleased with the results of our first quarter , which represent a good initial step towards achieving our outlook for the year . While COVID - related delays are not fully behind us , the environment for booking new business has shown continued signs of improvement . We won a record number of new customers for a first quarter , which together with project expansions , resulted in record first quarter incremental subscription bookings . Overall , we continue to see a heightened level of interest from companies looking to drive hyper - agility in their supply chain , ” said John Sicard , President and CEO of Kinaxis . Q1 2021 Highlights $ USD thousands , except as otherwise indicated Q1 2021 Q1 2020 Change Total Revenue 57,728 52,755 9 % SaaS 40,576 33,995 19 % Subscription term license 2,059 4,904 ( 58 % ) Professional services 12,027 10,673 13 % Maintenance and support 3,066 3,183 ( 4 % ) Gross profit 37,222 64 % 36,919 70 % 1 % Profit ( Loss ) Adjusted EBITDA ( 1 ) ( 1,534 ) 5,581 ( 127 % ) ( $ 0.06 ) / diluted share $ 0.20 / diluted share 9,041 16 % 15,052 29 % ( 40 % ) Cash from operating activities 20,649 20,960 ( 1 % ) ( 1 ) " Adjusted EBITDA " is a non - IFRS measure and is not a recognized , defined or a standardized measure under IFRS . This measure as well as other non - IFRS financial measures reported by Kinaxis are defined in the " Non - IFRS Measures " section of this news release . Financial Guidance and Outlook The nature of the company's long - term contracts provides visibility into future , contracted revenue . The following table presents revenue expected to be recognized in the future related to performance obligations that are unsatisfied ( or partially unsatisfied ) at March 31 , 2021 .