Published on 27 Jun 2022 on Simply Wall St. via Yahoo Finance
KnowBe4, Inc. (NASDAQ:KNBE) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. KnowBe4, Inc. engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform. With the latest financial year loss of US$12m and a trailing-twelve-month loss of US$13m, the US$3.1b market-cap company amplified its loss by moving further away from its breakeven target. As path to profitability is the topic on KnowBe4's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.
Check out our latest analysis for KnowBe4
KnowBe4 is bordering on breakeven, according to the 13 American Software analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$4.8m in 2023. So, the company is predicted to breakeven just over a year from today. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 115% is expected, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.