Ann: K2fly Signs a 5 Year SaaS Deal with South 32, page-17

Great time to be in SAAS as well, multiples have never been so high - median multiple is 11x revenue and average multiple is 18x revenue.

K2Fly is obviously still smaller than average , though has a higher growth rate at around 50% p.a. (compared to 25% in that dataset with 11x multiple).

Source: https://medium.com/@sammyabdullah/saas-revenue-multiples-are-unbelievable-871300f6dc01

With $3m in cash, K2Fly's Enterprise Value is around $15m, which suggests to me it's at the very least 50% undervalued.

Perhaps the 4C, or an early trading update, will be the trigger to get us up and out of the current trading range. Very safe buying at these levels I reckon.