Kinatico (ASX: $KYP) presented at the ASX Small and Mid-Cap Conference 2024, highlighting their software solutions that simplify the daily burden of compliance management for organisations. The company, with the ASX code KYP, has 433,591,984 shares on issue and a market cap of $44m as of 21/3. They have offices and support teams located across Australia and New Zealand.
Launched in July 2022, Kinatico is driving profitable growth through SaaS compliance simplification. The company is targeting the healthcare, industrial, and education industries, with significant opportunities identified in each sector. In the healthcare industry, predicted spending on admin and compliance is expected to reach $3,600M annually for the next 3 years. Similarly, the industrial sector has seen substantial spending on compliance and infrastructure improvement, with penalties imposed on compliance breaches. The education industry also presents a lucrative opportunity, with general administration expenses projected to increase and compliance costs per institution estimated at $1.3 million per year. Kinatico's sector revenue in the first half of FY24 reflects the positive impact of their solutions, with notable contract wins adding over $3m in annualized SaaS revenue.
Kinatico (ASX: $KYP) presented at the ASX Small and Mid-Cap Conference 2024, emphasizing their software solutions that simplify compliance management for organisations. The company, with a market cap of $44m as of 21/3, has a large and varied corporate customer base, including institutions like Australian Ethical Super, Hancock and Gore, and Australian Unity Real Wellbeing. Kinatico's focus on SaaS compliance simplification has driven profitable growth, with significant opportunities identified in the healthcare, industrial, and education sectors. The company's sector revenue in the first half of FY24 reflects the positive impact of their solutions, with notable contract wins adding over $3m in annualized SaaS revenue. With a strong outlook across multiple industries, Kinatico is poised for continued success in simplifying compliance management for organisations.