Ottawa firm says it’s now expecting revenues of between $248 million and $250 million for fiscal 2021, up from previous projections of $242 million to $247 million.
Kanata-based supply-chain software company posted revenues of $60.1 million for the three-month period ending June 30, down slightly from $61.3 million a year earlier.
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Supply-chain software maker’s revenues jumped nine per cent year-over-year, but company also posted its second straight quarterly loss.
Kanata company’s market capitalization fell from about $4.4 billion on Wednesday to $3.67 billion at the close of trading Thursday.
Former Shopify VP of finance Blaine Fitzgerald will take over as chief financial officer of the Kanata-based software company.
Ottawa supply-chain management software maker has asked court to dismiss a lawsuit filed against it and alleges that U.S. firm misappropriated Kinaxis's trade secrets.
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Kinaxis InConcert will feature approximately 30 concerts live-streamed from stages across Canada.
In the suit filed in U.S. District Court, Arizona-based Blue Yonder claims that Kinaxis used solutions invented by the U.S. firm.
The firm that couldn’t crack $10 million in annual sales when its CEO arrived is now projecting revenues of at least $220 million in the current fiscal year.