Cash looks good, but benefited by an early customer receipt in 2024 vs 2023. The R&D is to be received latter in 2024, but overall the $4.2M cash balance probably is generous to the tune of $800K.
The company has 216.2m share on issue, and at 4c trades at $8.65M market cap, with $4.2 million cash giving an Enterprise value of $4.5M. This enterprise value for 100% of KNO is not much more than an expensive house in Sydney. The company trades at 0.47X enterprise value/ARR and 0.55X enterprise value / gross profit. <1X EV/sales is historically an attractive revenue multiple for buying any software company. KNO is however an itsy bitsy subscale software nanocap. No growth for 3 years and 2024 tax loss selling largely explains the lowly value being ascribed by the market.The short term potential opportunity is a re-rate to 1.0X EV/Sales = 6.3 c = +57% sp gain. The medium term potential opportunity is a re-rate to 1.5X EV/Sales = 8.5 c = +112% sp gain
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.59M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 117999 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 40000 | 1 |
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| Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
| KNO (ASX) Chart |
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