K2F 0.00% 18.8¢ k2fly limited

Ann: Appendix 4E, page-4

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  1. 201 Posts.
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    So my read on this is very encouraging. Obviously most of the info is already available elsewhere in earlier announcements. But in summary in a COVID-impacted year, Net Tangible Assets have more than doubled, rev is up by about 25%, losses are reduced even though they've been investing quite heavily in products and they seem to have provided in the accounts for earn outs in both Sateva and Decipher. So I'd say their house is in order. Clearly we'll only really know when they sign some more new name business or sell additional solutions to existing clients, but given that the ARR is now up around $3+million they know they have that amount of guaranteed rev coming in each year and presumably the payments are spread right across the year ? So with money in the bank, what's not to like ? Well obviously the current share price but surely that has to rise soon !?!
 
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