Dona Ferentes
A little bit OC⚡DC
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sub 10c of late.
unaudited flash results for the 2024 financial year reporting period.
SaaS performance
Kinatico continues to transform to a provider of simplified daily compliance management delivered through Software-as-a-Service from being only a credential checking business. As a result of this transformation, the Company expects to report a profit for FY24 of $0.8m, more than triple the reported FY23 profit of $0.2m. Kinatico’s profit has been driven by its continued success in growing SaaS revenue. Revenue from SaaS customers over the year was $9.7m (up 90% on $5.1m in FY23) and representing 34% of the total revenue (in comparison, SaaS revenue was 18% of FY23 revenue). Kinatico’s total revenue was $28.7m, an increase of 4% on FY23.
Q4 performance
During Q4FY24, Kinatico earned $2.8m in SaaS revenue, an increase of 43% on the prior corresponding period. SaaS revenue for the quarter comprised 38% of Kinatico’s total Q4 revenue of $7.3m.
Cash performance
As at 30 June 2024, Kinatico’s closing cash and cash equivalents, inclusive of long-term deposits, was $10.1m
unaudited flash results for the 2024 financial year reporting period.
SaaS performance
Kinatico continues to transform to a provider of simplified daily compliance management delivered through Software-as-a-Service from being only a credential checking business. As a result of this transformation, the Company expects to report a profit for FY24 of $0.8m, more than triple the reported FY23 profit of $0.2m. Kinatico’s profit has been driven by its continued success in growing SaaS revenue. Revenue from SaaS customers over the year was $9.7m (up 90% on $5.1m in FY23) and representing 34% of the total revenue (in comparison, SaaS revenue was 18% of FY23 revenue). Kinatico’s total revenue was $28.7m, an increase of 4% on FY23.
Q4 performance
During Q4FY24, Kinatico earned $2.8m in SaaS revenue, an increase of 43% on the prior corresponding period. SaaS revenue for the quarter comprised 38% of Kinatico’s total Q4 revenue of $7.3m.
Cash performance
As at 30 June 2024, Kinatico’s closing cash and cash equivalents, inclusive of long-term deposits, was $10.1m