Kinatico AGM highlights

Kinatico (ASX:KYP) recently held its Annual General Meeting, showcasing notable growth and transformation over the past year. The company, known for simplifying daily compliance management, emphasized key achievements and future goals. Significant improvements in financial performance and a strong customer base were highlighted by the CEO.

Kinatico's strategic outlook and goals

Kinatico's AGM highlighted its strategic focus on expanding SaaS offerings and improving compliance efficiency. With a significant increase in NPAT and a robust balance sheet, the company aims to increase SaaS revenue to 80% of total income. Over 10,000 repeat corporate customers provide a strong base for growth. Future goals include delivering self-service compliance solutions and introducing new features in January 2025. Kinatico's commitment to cultural recognition and internal efficiency aligns with digital transformation trends, positioning it well for continued success in the compliance sector.

CEO insights on Kinatico's performance

We acknowledge the Traditional Owners of the land in Australia and New Zealand. Our business strategy leverages legacy operations while expanding into broader markets, focusing on compliance efficiency. We are proud of our significant financial improvements, with NPAT up by 230% and SaaS revenue by 90%. Our SaaS segment has seen a 59% CAGR, now making up 38% of our total revenue. We aim to enhance our SaaS product, ensuring Kinatico remains a leader in compliance solutions.