$0.50?, page-9

The pull back on KNO is a great opportunity to top up, let me put this in perspective:

KNO - 170mill shares on issue.

Market Cap - $26mill
Cash on Hand - $5.9mill

EV = ~$20mill

ARR of $5.8mill with the integration of Green Orbit. Total revenue is usually run on around 92% ARR, so total revenue run rate would be around $6.3mill per year.

Currently running on a 3.4 time revenue run rate for a cashflow positive business.

Knosys has redefined its brand essence to “Empowering Smarter Information Connections” in line with its strategy of being a multi solution company. Becoming vertically integrated is a massive plus for shareholders in this space.

Actively seeking “tuck‐in” acquisition opportunities to expand our SaaS solutions which demonstrate either higher ARR growth potential and/or earning accretive. Focus is on those that have relatively low execution risk.

To put this in perspective, 3DP is now on a ARR of US$6.88mill and is trading at a market cap of $515mill+. I agree, their growth prospects are faster, but with revenue run rates exceeding multi million dollars, there needs to be a re-rate of Knosys to something in the order of 50-75million on a 10x revenue run rate.

The average revenue run rate for SaaS companies is sitting around 18-22x which would put KNO around the $0.52-0.66 mark. Ridiculous.

Good luck.