bullish
Kinatico Ltd - Q1 SaaS revenue tops $3m, 38% of total revenue
SUMMARY
- RaaS has published an update report on Know Your People' regtech company, Kinatico (ASX:KYP) following its Q1 revenue announcement in which it reported that total revenue had grown 10% on the pcp to a record $8m and SaaS revenue jumped 50% on the pcp to $3m.
- We see the Q1 result as a positive start for FY25.
- On an annualised basis, SaaS revenue is running at $12.1m, with current momentum indicating that it could end the year higher.
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