External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

External broker reports(aggregated public sources)

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Reg-Tech software provider KYP has released its complete 1H24 results subsequent to its preliminary revenue and profit figures announced in January.</li><li>To recap, SaaS revenue surged to $4.4m, an increase of 159% pcp and NPAT improved to $0.4m from a full year $0.2m.</li><li>We don’t see any surprises within the result but are pleased with the persistent GP margin expansion from 66.9% (2H23) to 67.7% (1H24) or 320bps compared to 1H23. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reg-Tech software provider KYP has released its complete 1H24 results subsequent to its preliminary revenue and profit figures announced in January.To recap, SaaS revenue surged to $4.4m, an increase of 159% pcp and NPAT improved to $0.4m from a full year $0.2m.We don’t see any surprises within the result but are pleased with the persistent GP margin expansion from 66.9% (2H23) to 67.7% (1H24) or 320bps compared to 1H23. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kinatico Ltd (KYP) - 1H24 Result – Limited New Info, GP Margin Expanding

<ul><li>KYP has provided strong unaudited revenue and NPAT numbers for 1H24 standing at $14.3m (up 6% pcp) and $0.4m (FY23: 0.2m) respectively.</li><li>However, it is the continued growth of high-quality SaaS revenue (up 159% pcp) to 31% of half year revenue compared to 18% in FY23 we are most pleased with.</li><li>Relevant and shareholder aligned Long Term Incentives (LTIs) for management are also now in place. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KYP has provided strong unaudited revenue and NPAT numbers for 1H24 standing at $14.3m (up 6% pcp) and $0.4m (FY23: 0.2m) respectively.However, it is the continued growth of high-quality SaaS revenue (up 159% pcp) to 31% of half year revenue compared to 18% in FY23 we are most pleased with.Relevant and shareholder aligned Long Term Incentives (LTIs) for management are also now in place. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kinatico Ltd (KYP) - 1H24 Update – Strong Profit & SaaS Growth, LTIs Implemented

<ul><li>KYP is a regulatory technology (Reg-Tech) workforce software business well underway in its transition to a predominantly recurring revenue model (FY23:18%).</li><li>Following its Bright acquisition in 2021, KYP can now address customer’s daily compliance requirements through the entire employee lifecycle.</li><li>This shift to an essential monitoring platform led to KYP turning profitable in FY23 following a 110% increase in SaaS revenue and improved operational automation with headcount down ~30%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KYP is a regulatory technology (Reg-Tech) workforce software business well underway in its transition to a predominantly recurring revenue model (FY23:18%).Following its Bright acquisition in 2021, KYP can now address customer’s daily compliance requirements through the entire employee lifecycle.This shift to an essential monitoring platform led to KYP turning profitable in FY23 following a 110% increase in SaaS revenue and improved operational automation with headcount down ~30%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kinatico Ltd (KYP) - Initiating Coverage – No Longer a One Trick Pony

Australia

Kinatico Ltd operates as a technology company. The Company offers platform which helps employers to manage their workforce and meet their regulatory compliance needs. Kinatico serves customers worldwide.

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Kinatico (KYP AU)

Kinatico Ltd (KYP) - 1H24 Result – Limited New Info, GP Margin Expanding

We have formalised our numbers from the additional detail but make no material changes to our forecasts. We maintain our Outperform recommendation.

Taylor Collison

Kinatico Ltd (KYP) - 1H24 Update – Strong Profit & SaaS Growth, LTIs Implemented

In light of this update, we have made minor upward revisions to our forecast financials and maintain our Outperform recommendation.

Taylor Collison

Kinatico Ltd (KYP) - Initiating Coverage – No Longer a One Trick Pony

KYP is a regulatory technology (Reg-Tech) workforce software business well underway in its transition to a predominantly recurring revenue model...

Taylor Collison

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