K2fly delivers robust March Quarter 2020 performance; Invoices Raised up 92%

April 30, 2020 12:58 PM AEST
Team Kalkine

Technology Company K2fly Limited (ASX: K2F) has reported a 92% increase in its invoices raised for Q3FY20 to $ 1.61 million from $ 0.84 million in Q3FY19 and SaaS Annual Recurring Revenue to $ 1.8 million, depicting a CAGR of 247%. This takes the Company’s total invoicing for the financial year to $ 4.73 million, which is more than the full year invoicing achieved for FY19.

K2fly’s robust quarterly performance has come on the back of new contracts signed with Golds Fields Australia, Newmont, South 32 and Vale; and signing of multiyear SaaS contract extensions with Anglo Gold Ashanti.

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