K2fly has continued to invest heavily in our current and new solutions. In Q4 K2fly invested $0.628M in product development across our RCubed V2, Mine Technical Assurance and Next Gen solutions. When added to the Q3 investment ($0.53M) in developing IP, K2F has spent more than a million dollars ($1.16M) in the last 6 months as it seeks to create innovative and highly relevant solutions which are being sought by both existing and prospective clients.
These internal investments are working towards creating both new products and capability to meet our rapidly growing pipeline. The new offerings form part of our well-advertised “land & expand” strategy. We are confident that these investments will result in sales in 2021 and beyond.
Have to spend money to make it, and with $6.9mill in the bank we have the ability to spend & expand exponentially.
If you'd rather just make $100k profit per quarter and grow at 5% p.a. you can head on over to the big caps.
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