Announcement • Feb 03
KnowBe4, Inc.(NasdaqGS:KNBE) dropped from NASDAQ Composite Index KnowBe4, Inc. has been removed from NASDAQ Composite Index . Announcement • Jan 20
Andrews & Springer LLC Files Lawsuit Against KnowBe4, Inc Andrews & Springer LLC announced that a lawsuit has been filed by another law firm on behalf of shareholders of KnowBe4, Inc. for possible corporate misconduct and violations of federal securities laws. On October 11, 2022, KnowBe4 and Vista Equity Partners (Vista) publicly announced the signing of a definitive merger agreement pursuant to which Vista will acquire KnowBe4 in a merger worth $4.6 billion. As a result of the merger, KnowBe4 shareholders are only anticipated to receive $24.90 per share in cash in exchange for each share of KnowBe4 (the Merger). While the Company claims that shareholders will receive a premium for their shares, the merger price is 11% less than the $28.00 per share price target set by Cowen and Company and Truist Securities in August and September 2022, just months prior to the announcement of the Merger. The consideration is also less than KnowBe4’s 52-week high of $27.40 per share. A KnowBe4 shareholder represented by another law firm has filed a complaint against KnowBe4 for federal securities violations. The complaint was filed in the United States District Court, Southern District of New York, Case No. 1:22-cv-09727. According to the lawsuit, which was filed on November 15, 2022, defendants filed a proxy statement (the Proxy) with the United States Securities and Exchange Commission (SEC) in connection with the Merger. The Proxy omits material information with respect to the Merger, which renders the Proxy false and misleading. Accordingly, plaintiff seeks that the Merger should be enjoined until defendants disclose more information to stockholders. Recent Insider Transactions Derivative • Dec 08
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$24.69, it would amount to US$251k. As of today, Kevin currently holds no shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Dec 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.06 to US$0.06. Revenue forecast steady at US$333.6m. Net income forecast to grow 43% next year vs 13% growth forecast for Software industry in the US. Consensus price target of US$24.58 unchanged from last update. Share price was steady at US$24.65 over the past week. Announcement • Nov 29
KnowBe4 Launches New Mobile Learner App for Anytime, Anywhere Cybersecurity Learning KnowBe4 announced it is launching the new KnowBe4 Mobile Learner App to empower end users by introducing security awareness and compliance training on the go at no additional cost to customers, improving user engagement and strengthening security culture. With a large majority of the world's population using smartphones, mobile training revolutionizes the way people learn. This new app will enable end users to complete their security awareness and compliance training conveniently from their tablets or smartphones, giving them 24/7/365 access. Based on subscription levels, KnowBe4 offers 100+ Mobile-First training modules that were designed specifically for mobile. The KnowBe4 Learner App supports push notifications for custom announcements, updates on assigned training as well as KnowBe4 newsletters. The app is available for iOS and Android, and free to all KnowBe4 customers with a KnowBe4 training platform subscription. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: US$0.037 (up from US$0.009 loss in 3Q 2021). Revenue: US$85.8m (up 34% from 3Q 2021). Net income: US$6.52m (up US$8.10m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Announcement • Nov 08
KnowBe4's New SecurityCoach Helps to Reduce Risky Behavior With Real-Time Security Coaching KnowBe4 announced it is introducing SecurityCoach, a new, first of its kind product which offers real-time security coaching aimed at reducing risky behavior. HDR correlates, identifies and responds to the tens of thousands of detected events related to the risky security behavior of an organization's users being generated within their existing security infrastructure. Social engineering techniques like phishing, spear phishing and impersonation are being used by cybercriminals to manipulate an organization's employees in attempts to hack into their organization, causing significant downtime and security breach risks. The human factor is involved in 82% of data breaches, according to the 2022 Verizon Data Breach Investigations Report. However, according to IDC, less than 3% of IT spending is allocated to help secure the human layer. SecurityCoach helps IT/security professionals to develop a strong security culture by enabling real-time security coaching of their users in response to risky security behavior. Leveraging an organization's existing security stack, IT/security professionals can configure their real-time coaching campaigns to immediately deliver a SecurityTip to their users related to a detected event. SecurityCoach provides an organization's users with contextual, real-time coaching that reinforces security awareness training and policies, improves knowledge retention and helps them understand the risks associated with their behaviors. Recent Insider Transactions Derivative • Nov 05
Independent Director exercised options and sold US$322k worth of stock On the 1st of November, Kevin Klausmeyer exercised options to acquire 13k shares at no cost and sold these for an average price of US$24.63 per share. This trade did not impact their existing holding. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Oct 20
Director exercised options and sold US$322k worth of stock On the 18th of October, Shrikrishna Venkataraman exercised options to acquire 13k shares at no cost and sold these for an average price of US$24.50 per share. This trade did not impact their existing holding. Since December 2021, Shrikrishna's direct individual holding has increased from 164.71k shares to 216.28k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Oct 13
Independent Director exercised options and sold US$167k worth of stock On the 6th of October, Kevin Klausmeyer exercised options to acquire 7k shares at no cost and sold these for an average price of US$23.00 per share. This trade did not impact their existing holding. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Oct 07
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 29k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of October. If the sale is conducted around the recent share price of US$20.81, it would amount to US$604k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 28
KnowBe4, Inc. Simplifies Overwhelming Compliance Requirements for Healthcare Privacy KnowBe4 launched a new version of its Compliance Audit Readiness Assessment that now covers select requirements for the Health Insurance Portability and Accountability Act Security Rule to address healthcare privacy requirements. Healthcare organizations around the world continue to inadequately protect sensitive protected health information. Between 2009 and 2021, 4,419 healthcare data breaches of 500 or more records have been reported to the U.S. Health and Human Services' Office for Civil Rights. Those breaches have resulted in the loss, theft, exposure or impermissible disclosure of 314,063,186 healthcare records. CARA is a complimentary, web-based tool that helps organizations assess their readiness for meeting compliance requirements. With this new version, IT and security professionals are guided through specific select requirements from the Health Insurance Portability and Accountability Act Security Rule outlined by HHS. CARA asks security professionals to rate their readiness for each requirement and then provides an analysis of the results to help them define the controls they need in place before a compliance audit. The HIPAA Security Rule contains the standards to safeguard and protect electronically created, accessed, processed or stored PHI. The rule applies to any organization or system that has access to confidential patient data. Recent Insider Transactions Derivative • Sep 23
President exercised options and sold US$4.3m worth of stock On the 19th of September, Lars Letonoff exercised options to acquire 199k shares at no cost and sold these for an average price of US$21.83 per share. This trade did not impact their existing holding. Since September 2021, Lars' direct individual holding has increased from 544.50k shares to 589.70k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 20
Vista Equity Partners Management, LLC proposed to acquire remaining stake in KnowBe4, Inc. (NasdaqGS:KNBE) for $4.2 billion. Vista Equity Partners Management, LLC proposed to acquire remaining stake in KnowBe4, Inc. (NasdaqGS:KNBE) for $4.2 billion on September 16, 2022. KnowBe4 received a non-binding proposal from Vista Equity Partners to acquire all outstanding shares of KnowBe4 for $24 per share in cash. In response to an inquiry from Vista, the Board of Directors of KnowBe4 formed a special committee of the Board, comprised solely of independent directors to engage with Vista and take other actions that it deems appropriate. Morgan Stanley & Co. LLC is serving as financial advisor to the Special Committee of the Board of Directors of KnowBe4, Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as KnowBe4’s legal advisor and Potter Anderson & Corroon is serving as legal advisor to the Special Committee of the Board of Directors of KnowBe4. Recent Insider Transactions Derivative • Sep 14
Independent Director exercised options and sold US$107k worth of stock On the 8th of September, Kevin Klausmeyer exercised 11.22k options at around US$5.71, then sold 6k of the shares acquired at an average of US$19.04 per share and kept the remainder. Company insiders have collectively sold US$6.8m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 09
Independent Director exercised options and sold US$54k worth of stock On the 1st of September, Kevin Klausmeyer exercised options to acquire 3k shares at no cost and sold these for an average price of US$17.43 per share. This trade did not impact their existing holding. Kevin now holds 11.81k shares directly in their own name. Company insiders have collectively sold US$6.8m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 07
Ani Banerjee Joins KnowBe4 as Chief Human Resources Officer Ani Banerjee has joined KnowBe4 as Chief Human Resources Officer (CHRO). A leader in Human Resources for the global technology sector, Banerjee will oversee KnowBe4's HR operations across 11 countries, and will be responsible for developing new initiatives to enhance the company's organizational culture, its recruitment channels, and its diversity, inclusion, and equity (DIE) strategies. Banerjee's 30 years' experience in innovation and global HR leadership has been at Dell, Yahoo and AOL, throughout North America, Asia and Europe. Prior to joining KnowBe4, he was at VMware for 8 years in a variety of international HR leadership roles, which culminated in his most recent one, as the company's Global HR Head for SaaS Transformation Business Units. Buying Opportunity • Sep 01
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be US$23.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 59% in 2 years. Earnings is forecast to grow by 114% in the next 2 years. Recent Insider Transactions Derivative • Aug 29
President notifies of intention to sell stock Lars Letonoff intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of August. If the sale is conducted around the recent share price of US$19.67, it would amount to US$984k. Since September 2021, Lars' direct individual holding has decreased from 544.50k shares to 216.19k. Company insiders have collectively sold US$7.5m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Aug 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 forecast for profit of -US$0.01 instead of a loss of US$0.06 per share previously. Revenue forecast unchanged at US$333.9m. Software industry in the US expected to see average net income growth of 5.6% next year. Consensus price target down from US$24.31 to US$23.77. Share price rose 13% to US$19.47 over the past week. Recent Insider Transactions Derivative • Aug 08
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 41k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of August. If the sale is conducted around the recent share price of US$16.24, it would amount to US$660k. Company insiders have collectively sold US$53m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: US$0.019 (up from US$0.14 loss in 2Q 2021). Revenue: US$80.8m (up 36% from 2Q 2021). Net income: US$3.35m (up US$20.2m from 2Q 2021). Profit margin: 4.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 30%, compared to a 18% growth forecast for the industry in the US. Announcement • Aug 05
KnowBe4, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2022 KnowBe4, Inc. provided earnings guidance for the third quarter and full year of 2022. For the quarter, the company expects revenues, net to be in the range of $85 million and $86 million. For the full year, the company expects revenues, net to be in the range of $333 million and $334 million. Buying Opportunity • Jul 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be US$18.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 69% in the next year. Announcement • Jul 22
KnowBe4, Inc. to Report Q2, 2022 Results on Aug 04, 2022 KnowBe4, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 04, 2022 Announcement • Jun 28
KnowBe4 Kicks Off Ransomware Awareness Month With Resource Kit KnowBe4 announced the release of a resource kit for IT managers as part of a month-long effort in July to increase awareness of ransomware, its many forms and methods used by cyber criminals to extort funds. Some of the resources for download include a Ransomware Master Class, Ransomware Rescue Manual, infographics, posters, digital signage and more. Ransomware is a type of malicious attack where attackers encrypt an organization's data and demand payment to restore access. This has evolved to include the exfiltration and threatened exposure of valuable information, compounding the extortion. This is one of the many ways bad actors take advantage of the human element in cybersecurity, which is involved in 82% of cyber attacks according to Verizon's 2022 Data Breach Investigations Report. Globally ransomware costs are escalating from a reported$325 million loss in 2015 to a potential of $265 billion in 2031, making it one of the most predominate and dangerous forms of cyberattacks. In 2021, the FBI's Internet Crime Complaint Center (IC3) received a record number of 847,376 reported complaints with potential losses exceeding $6.9 billion. This has led to multiple warnings by government agencies, including the European Union Agency for Cybersecurity (ENISA) heralding ransomware as a prime threat. Recent Insider Transactions Derivative • Jun 06
Independent Director exercised options and sold US$162k worth of stock On the 2nd of June, Kevin Klausmeyer exercised options to acquire 9k shares at no cost and sold these for an average price of US$18.59 per share. This trade did not impact their existing holding. Company insiders have collectively sold US$53m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 forecast for profit of -US$0.04 instead of a loss of US$0.01 per share previously. Revenue forecast unchanged at US$332.4m. Software industry in the US expected to see average net income growth of 7.4% next year. Consensus price target down from US$31.25 to US$24.83. Share price was steady at US$15.86 over the past week. Breakeven Date Change • May 12
Forecast breakeven date moved forward to 2023 The 12 analysts covering KnowBe4 previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 24% to 2022. The company is expected to make a profit of US$2.14m in 2023. Average annual earnings growth of 119% is required to achieve expected profit on schedule. Announcement • May 12
KnowBe4, Inc. Provides Revenue Guidance for the Second Quarter and Full Year of 2022 KnowBe4, Inc. provided revenue guidance for the second quarter and full year of 2022. For the second quarter, the Company expects total Revenue of $78.5 million - $79.5 million. For full year 2022, the Company expects total Revenue of $331 million - $333 million. Price Target Changed • May 11
Price target decreased to US$26.92 Down from US$31.25, the current price target is an average from 12 analysts. New target price is 67% above last closing price of US$16.10. Stock is down 8.3% over the past year. The company is forecast to post a net loss per share of US$0.0091 next year compared to a net loss per share of US$0.10 last year. Reported Earnings • May 10
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$0.008 (down from US$0.052 in 1Q 2021). Revenue: US$75.0m (up 40% from 1Q 2021). Net income: US$1.36m (down 38% from 1Q 2021). Profit margin: 1.8% (down from 4.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 31%, compared to a 32% growth forecast for the industry in the US. Recent Insider Transactions Derivative • May 06
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 58k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of May. If the sale is conducted around the recent share price of US$23.80, it would amount to US$1.4m. Since June 2021, Kevin has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$53m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Apr 27
High number of new directors Director Krish Venkataraman was the last director to join the board, commencing their role in 2022. Recent Insider Transactions Derivative • Apr 10
Independent Director exercised options and sold US$377k worth of stock On the 4th of April, Kevin Klausmeyer exercised options to acquire 16k shares at no cost and sold these for an average price of US$23.60 per share. This trade did not impact their existing holding. Since June 2021, Kevin has not owned shares directly. Company insiders have collectively sold US$60m more than they bought, via options and on-market transactions in the last 12 months. Breakeven Date Change • Feb 23
Forecast breakeven date pushed back to 2024 The 12 analysts covering KnowBe4 previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 77% per year to 2023. The company is expected to make a profit of US$28.9m in 2024. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 19
Forecast breakeven date moved forward to 2022 The 12 analysts covering KnowBe4 previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$694.0k in 2022. Earnings growth of 95% is required to achieve expected profit on schedule. Reported Earnings • Feb 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: US$0.10 loss per share (up from US$2.31 loss in FY 2020). Revenue: US$246.3m (up 41% from FY 2020). Net loss: US$11.8m (loss widened 387% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 25%, compared to a 216% growth forecast for the industry in the US. Recent Insider Transactions Derivative • Feb 06
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 39k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of February. If the sale is conducted around the recent share price of US$23.92, it would amount to US$931k. Since June 2021, Kevin has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$59m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 01
KnowBe4, Inc. to Report Q4, 2021 Results on Feb 16, 2022 KnowBe4, Inc. announced that they will report Q4, 2021 results After-Market on Feb 16, 2022 Recent Insider Transactions Derivative • Dec 06
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 39k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$22.56, it would amount to US$884k. Since June 2021, Kevin has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$59m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 22
Independent Director notifies of intention to sell stock Kevin Klausmeyer intends to sell 217k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of November. If the sale is conducted around the recent share price of US$25.80, it would amount to US$5.6m. Since June 2021, Kevin has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$55m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.009 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: US$64.1m (flat on 3Q 2020). Net loss: US$1.58m (flat on 3Q 2020). Recent Insider Transactions Derivative • Aug 27
Co-President notifies of intention to sell stock Shrikrishna Venkataraman intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of August. If the sale is conducted around the recent share price of US$23.00, it would amount to US$2.3m. Shrikrishna now holds 314.71k shares directly in their own name. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 21
Founder exercised options and sold US$39m worth of stock On the 16th of August, Sjoerd Sjouwerman exercised options to acquire 2m shares at no cost and sold these for an average price of US$19.92 per share. This trade did not impact their existing holding. For the year to December 2020, Sjoerd's total compensation was 49% salary and 51% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2021, Sjoerd's direct individual holding has decreased from 6.41m shares to 4.44m. Company insiders have collectively sold US$52m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 18
KnowBe4, Inc. Adds Six Languages to Its Platform and Launches Automated Security Awareness Program 2.0 KnowBe4, Inc. announced the launch of its updated Automated Security Awareness Program (ASAP) 2.0 and availability in six new languages. ASAP’s refreshed user interface and updated questionnaire was designed to make the process easier and faster for IT admins to get their security awareness training programs started. After answering some simple questions, ASAP will create a user-friendly program and schedule of tasks automatically. This robust cybersecurity tool helps IT admins build a comprehensive security awareness training program quickly. It is one of KnowBe4’s tools offered at no charge. Breakeven Date Change • Aug 05
Forecast breakeven pushed back to 2023 The 12 analysts covering KnowBe4 previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 51% per year to 2022. The company is expected to make a profit of US$16.2m in 2023. Average annual earnings growth of 120% is required to achieve expected profit on schedule. Announcement • Aug 04
KnowBe4, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2021 KnowBe4, Inc. provided revenue guidance for the third quarter and full year of 2021. For the quarter, the company expects total revenue to be in the range of $60.5 million to $61.5 million.
For the full year, the company expects total revenue to be in the range of $237.5 million to $239.5 million. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$27.43, the stock trades at a trailing P/E ratio of 26.9x. Average forward P/E is 62x in the Software industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$19.71 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 17% share price gain to US$21.79, the stock trades at a trailing P/E ratio of 21.4x. Average forward P/E is 61x in the Software industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$18.78 per share. Announcement • Jun 09
KnowBe4 Launches New Compliance Plus Training Module KnowBe4 announced the launch of new training content called Compliance Plus. To minimize risk and possible threats in certain sectors, government and regulatory bodies have enacted an avalanche of legislation and compliance controls. Compliance training has been a continuing challenge: out-of-date and generic, boring content, low employee engagement and the training modules are simply too long. Many organizations also struggle with the problem of not being able to easily customize content relevant for their specific needs. Consequently, very few have been able to move compliance training beyond a tick-box approach. Compliance Plus training offers an interactive and engaging experience with real-life simulated scenarios to help teach employees how to respond in a challenging situation. The content addresses difficult topics like sexual harassment, diversity and inclusion, discrimination and business ethics. Compliance Plus includes various types of media formats and reinforcement materials to support compliance training programs. Announcement • May 21
KnowBe4, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2021 KnowBe4, Inc. provided revenue guidance for the second quarter and full year of 2021. For the second quarter, the company expects total revenue in the range of $55.5 million to $56.5 million, growth range 34% to 36%.
For the full year, the company expects total revenue in the range of $229 million to $231 million, growth range 31% to 32%. Announcement • May 19
KnowBe4 Launches PhishFlip to Turn Active Phishing Attacks into Safe Templates KnowBe4 announced a new product feature called PhishFlipTM, which turns real-world phishing attacks into safe, simulated phishing templates. PhishFlip, which is included as a feature of KnowBe4's PhishER product, responds in real time to turn dangerous attacks into an immediate, real-world training opportunity for end users. PhishFlip quickly analyzes a user-reported message and then identifies and removes both malicious links and dangerous attachments, replacing them with safe alternatives for testing purposes. All end users who received the real email threat but did not report it may then have the dangerous phishing email replaced with the safe simulation in their mailbox automatically. Admins may also choose to send the same simulated phishing campaign to other groups of end users. Announcement • May 05
KnowBe4 Launches Artificial Intelligence-Driven Phishing Feature KnowBe4 announced a new feature – AI-Driven Phishing. The KnowBe4 phishing platform now leverages machine learning to recommend and deliver informed and personalized phishing campaigns based on users' training and phishing history. Using data from KnowBe4's Artificial Intelligence Driven Agent (AIDA), a new recommendation engine enables admins to automate the selection of unique phishing security test templates for their users. It analyzes user data such as the number of failed phishing security tests, the types of attack vectors in those failures, how often suspicious emails are reported through the Phish Alert Button, the frequency and recency of training completions and more.