Kinatico (ASX: $KYP) Investor Update August 2024

Kinatico (ASX: $KYP) has reported its best-ever result in FY24, driven by its transition to the Software as a Service (SaaS) market. The company has achieved a remarkable 58% Compound Annual Growth Rate (CAGR) in SaaS revenue since its launch, indicating a strong performance in meeting customer needs for compliance management.

Executive Commentary on SaaS Growth and Future Plans

Kinatico's transition to the SaaS market has been pivotal in simplifying compliance management for businesses and organizations. The company's focus on minimizing overhead, maximizing simplicity, and reducing time and money spent on compliance tasks while increasing visibility has resonated well with customers. The strong uptake across government departments and the growing network of API partners have contributed to the company's profitable growth. Looking ahead to FY25, Kinatico plans to expand its market share by offering self-service configuration, user creation of procedural compliance templates, and further integrations with distribution partners and collaborating platforms.

Summary of Kinatico's FY24 Performance and Future Outlook

Kinatico (ASX: $KYP) has achieved its best-ever result in FY24, driven by its focus on simplifying compliance management in the SaaS market. The company's 58% CAGR in SaaS revenue since launch reflects its strong performance in meeting customer needs. With over 10,000 existing corporate data verification customers generating significant legacy revenue, Kinatico is well-positioned for ongoing SaaS growth. In FY25, the company aims to expand its market share by offering new features such as self-service configuration, user creation of procedural compliance templates, and further integrations with distribution partners and collaborating platforms. Kinatico's proven execution and profitable growth indicate a positive outlook for the company's corporate strategy and future expansion.