Have to admit my first instinct was to sell on this announcement before the share price dip as some would have been hoping for massive revenues - but on second glance the results show that they don’t have much cash burn, could easily turn cash flow positive in the next 1-2 quarters, and once they do the solution could scale really nicely - a high % of revenue would remain at the profit line.
KYK appears to be attracting the interest of big-name businesses (eg Bloomberg), knows how to do things with blockchain and may be able to leverage this expertise into other areas, and in my view the China data announcement is significant as there is surely an increasing need for insight into the flows from that country.
I’m holding onto my shares at this point - happy to hear any contrary thoughts as a counterweight to my optimism.
(Not financial advice, DYOR)
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Have to admit my first instinct was to sell on this announcement...
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