bullish
Kinatico Ltd - Q2 SaaS revenue increases t47% on pcp, 46% of total
SUMMARY
- RaaS has published an update report on 'Know Your People' regtech company, Kinatico (ASX:KYP) following its Q2 revenue announcement in which it reported that total revenue had grown 7% on the pcp to $7.6m and SaaS revenue jumped 47% on the pcp to $3.5m.
- The company reported H1 FY25 revenue of $15.6m, of which $6.5m or 42% was SaaS revenue.
- This is in-line with our forecasts for H1.
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