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<ul><li>RaaS Research Group has published an update report on 'Know Your People' regtech company, Kinatico (ASX:KYP) following its Q4 FY24 result which confirmed the company delivered NPAT of $0.8m for FY24, up 225% on FY23 and 60% ahead of our forecast.</li><li>Q4 SaaS revenue jumped 40% on the pcp to $2.8m and was 12% ahead of Q3 and was ahead of our expectations.</li><li>Transactional revenue of $4.5m for the quarter was flat on Q3 and down 12% on the pcp.</li></ul>

RaaS Research Group has published an update report on 'Know Your People' regtech company, Kinatico (ASX:KYP) following its Q4 FY24 result which confirmed the company delivered NPAT of $0.8m for FY24, up 225% on FY23 and 60% ahead of our forecast.Q4 SaaS revenue jumped 40% on the pcp to $2.8m and was 12% ahead of Q3 and was ahead of our expectations.Transactional revenue of $4.5m for the quarter was flat on Q3 and down 12% on the pcp.

Kinatico Ltd - FY24 NPAT up 225% and 60% ahead of RaaS forecasts

<ul><li>RaaS Research Group recently interviewed Kinatico Non Executive Director Georg Chmiel on what attracted him to join the KYP board in September 2023.</li><li>We discussed the merits of platform businesses and his experiences with technology platform companies.</li><li>Mr Chmiel noted the merits of recurring revenues, including higher margins than one-time or transactional revenue, and lower costs as the platform becomes more scalable.</li></ul>

RaaS Research Group recently interviewed Kinatico Non Executive Director Georg Chmiel on what attracted him to join the KYP board in September 2023.We discussed the merits of platform businesses and his experiences with technology platform companies.Mr Chmiel noted the merits of recurring revenues, including higher margins than one-time or transactional revenue, and lower costs as the platform becomes more scalable.

Kinatico (ASX:KYP) Georg Chmiel Interview

<ul><li>Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.</li><li>KYP has reported Q3 FY24 EBITDA of $0.8m and NPAT of $0.1m, the first time the company has reported these metrics on a quarterly basis.</li><li>Revenue was $7.0m for the quarter, flat year-on-year but the composition continued to demonstrate the conversion of one-off transactional revenue to recurring software-as-a-service (SaaS) revenue.</li></ul>

Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.KYP has reported Q3 FY24 EBITDA of $0.8m and NPAT of $0.1m, the first time the company has reported these metrics on a quarterly basis.Revenue was $7.0m for the quarter, flat year-on-year but the composition continued to demonstrate the conversion of one-off transactional revenue to recurring software-as-a-service (SaaS) revenue.

Kinatico Ltd - Q3 NPAT of $0.1m, EBITDA of $0.8m

<ul><li>Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.</li><li>KYP has reported a 6% year-on-year increase in Q2 FY24 revenue to $7.1m, and a 145% year-on-year increase in SaaS revenue to $2.4m.</li><li>SaaS revenue accounted for 33% of total revenue for the quarter, compared to 14% in Q2 FY23.</li></ul>

Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.KYP has reported a 6% year-on-year increase in Q2 FY24 revenue to $7.1m, and a 145% year-on-year increase in SaaS revenue to $2.4m.SaaS revenue accounted for 33% of total revenue for the quarter, compared to 14% in Q2 FY23.

Kinatico Ltd - Q2 SaaS revenue increases 145% on the pcp

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.

<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><p><em>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.</em></p>

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

Australia

CPT Global Limited provides IT consulting and training services to businesses in Australia and the UK. The Group provides clients with IT solutions, which aim at enhancing the efficiency, control, stability, reliability and cost effectiveness of Unix and Windows NT platforms, and Internet-based applications. CPT also offers customers capacity planning, and performance tuning and testing services.

Appen Ltd is a language, search, and social technology company. The Company provides solutions to improve internalization of products, management of data, and project management for companies.

DigitalX Ltd operates as a software solutions company. The Company operates in the global digital payments systems industry through disruptive fintech solutions in the remittance and value chain sectors, and allows consumers to make secure and cost-effective money transfers worldwide..

Adacel Technologies Limited is a developer of complex, real-time automation, communications, and simulation software and systems. The Company's software is primarily utilized by air traffic controllers and satellite-based air traffic automation systems.

Adveritas Limited operates as a software company. The Company develops mitigation software which detects, mitigates, and reports on digital advertising fraud. Adveritas serves customers worldwide.

Reckon Limited distributes, publishes, supports and markets financial management software in Australia.  The Company's products are developed locally by the Group or republished under license from Intuit.  The Company's software targets personal financial management, SME financial management and financial planning and are sold under the "Quicken" brand.

PharmX Technologies Limited provides software solutions. The Company develops and markets health care solutions.

Orcoda Limited provides logistics services. The Company offers fleet management, goods distribution, supply-chain, delivery, and other mobility solutions. Orcoda serves customers in Australia.

XREF Limited is a human resource technology company focused on candidate referencing. The Company utilizes a cloud-based system that automates the process for obtaining and checking candidates' references, helping compliance with privacy regulations, reducing fraud, and enabling employers to obtain detailed references anonymously and directly.

K2fly Limited operates a software-as-a-service business that is involved in the enterprise asset management sector. The Company offers an integrated software ecosystem for the management of physical assets in asset-intensive industries. K2fly serves customers worldwide.

ManagePay Systems Bhd is an investment holding company.  The Company, through subsidiaries, provices payment services, terminal services, loyalty management services, business process outsourcing, and software, security, and ICT services.

Techfirm Holdings Inc. designs, develops, integrates, markets, and supports wireless solutions for mobile communications applications.  The Company also develops server network and provides support.

FSBM Holdings Berhad distributes computers, computer related products, education related products and provides installation and maintenance services. Through its subsidiaries, the Group develops software applications and systems integration, provides data warehousing systems, and smart community solutions. FSBM also has operations in multimedia production and communication services.

DaiShin Information & Communications Co., Ltd. is a systems integration company and a finance-related software developer.  The Company's business includes frame relay service, development and sale of mid and large-sized printers.

ODK Solutions Company, Ltd. provides outsources information services mainly for school and financial companies.

Diversified Gateway Solutions BHD, through subsidiaries, offers computer hardware and software consulting services. The Company also provides telecommunication solutions.

K Way Information Corp. leases computer hardware and software.  The Company also provides information network services to clients in the brokerage, banking, and finance industries.

HIP CORPORATION provides personnel services by providing technicians for machinery. The Company also offers design and development of electricity and electronic instrument on contract basis.

Zungwon En-Sys Inc provides system integration (SI) services for Unix and Windows-NT systems by planning, installing, and maintaining from software to hardware.  The Company also sells laser printers and provides glass work construction services.

GTL Ltd. offers computer and communications network services.  The Company offers enterprise network engineering, networked applications and infrastructure management, network services integration, and process implementation and fulfillment services.

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 - FY24 NPAT up 225% and 60% ahead of RaaS forecasts

RaaS Research Group has published an update report on 'Know Your People' regtech company, Kinatico (ASX:KYP) following its Q4 FY24 result which...

Research as a Service (RaaS)

Kinatico (ASX:KYP) Georg Chmiel Interview

RaaS Research Group recently interviewed Kinatico Non Executive Director Georg Chmiel on what attracted him to join the KYP board in September...

Research as a Service (RaaS)

Kinatico Ltd - Q3 NPAT of $0.1m, EBITDA of $0.8m

Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and...

Research as a Service (RaaS)

Kinatico Ltd - Q2 SaaS revenue increases 145% on the pcp

Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and...

Research as a Service (RaaS)

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

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