K2fly declares strong Q4, announces Full Year Update 

  • Jul 29, 2020 AEST
  • Team Kalkine

K2fly Limited (ASX: K2F) reports an increase in invoices by 60 per cent for FY20 and 28 per cent for Q4 FY20. K2F's Saas ARR is now AUD 2.36M with a CAGR of 177 per cent, and TCV is AUD 7.47M, CAGR of 663 per cent.

  • K2F's cash flow is positive from Q4 FY20 operations, and it stood at AUD 0.7M.
  • RCubed solution going strong, added more clients in Q4.
  • On 30 June cash deposits at the bank were AUD 2.9M with AUD 1.13M in receivables, no debt.
  • Q4 reported an excess of AUD 500k net new ARR revenues.


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