Knosys financial and strategic update

Knosys (ASX:KNO), a SaaS provider based in Melbourne, announced a positive operating cash flow of $0.25 million for the first quarter of FY25. As of September 30, 2024, the company had a cash balance of $4.4 million. The report highlights solid organic growth, including a contract extension with Singtel and a new agreement with the Office of the Director of Public Prosecutions in Western Australia.

Knosys strategic outlook and growth plans

Knosys (ASX:KNO) has reported a positive operating cash flow and maintained a steady ARR of $9.4 million. The company extended its contract with Singtel and secured a significant new contract with the Office of the Director of Public Prosecutions in WA. Knosys is focusing on expanding its library-tech solutions, with the beta launch of its Libero mobile app and development of an open-source AI library-tech solution. The company expects early revenue from these investments starting FY26 and plans to leverage its solutions to capture a larger share of the public and academic library markets globally. Despite increased R&D and staffing expenses, Knosys remains optimistic about future growth and revenue enhancement through its innovative product developments.

Executive insights on Knosys performance

We are pleased with the progress we are making in our library-tech product development, which has been positively received by our customers. Our investment in these technologies is expected to drive revenue growth from FY26 onwards.