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KINAXIS Kinaxis Inc. Reports Third Quarter 2021 Results • SaaS revenue grows 14 % to $ 44.7 million , adjusted EBITDA ( ¹ ) margin of 19 % • Record new customers wins , 23 % ARR growth supports outlook for accelerated growth ahead • Updates guidance for FY 2021 OTTAWA , CANADA , NOVEMBER 4 , 2021 - Kinaxis® ( TSX : KXS ) , the authority in driving agility for fast , confident decision - making in an unpredictable world , reported results for its third quarter . All amounts are in U.S. dollars . All figures are prepared in accordance with International Financial Reporting Standards ( IFRS ) unless otherwise indicated . " We won a record number of new customers this quarter , and year - to - date we have more than tripled new customer wins compared to the same time last year . That success is reflected in very strong year- over - year growth in our annual recurring revenue² and a slightly improved outlook for 2021 , " said John Sicard , President and CEO of Kinaxis . " Supply chain issues continue to be at the centre of boardroom conversations and daily newsfeeds , and we are helping companies navigate the complexities . The sustained , positive momentum in our market gives us confidence in our mid - term target of 23-25 % growth in SaaS revenue , including for next year . " Q3 2021 Highlights $ USD thousands , except as otherwise indicated Q3 2021 Q3 2020 Change Total Revenue 64,436 55,116 17 % SaaS 44,731 39,322 14 % Subscription term license 1,997 1,035 93 % Professional services 14,576 11,492 27 % Maintenance and support 3,132 3,267 ( 4 % ) Gross profit 42,589 36,559 16 % 66 % 66 % Profit 200 731 ( 73 % ) $ 0.01 / diluted share $ 0.03 / diluted share Adjusted EBITDA ( ¹ ) 12,384 19 % 10,134 22 % 18 % Cash from operating activities 11,249 4,497 150 % ( 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 . Key Performance Indicators 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 September 30 , 2021 .