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