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K2fly hits 15 straight quarters of recurring revenue growth Bulls N' Bears 30 Apr 2024

K2fly hits 15 straight quarters of recurring revenue growth

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Mining software provider K2fly has recorded a remarkable 15 straight quarters of annual recurring revenue (ARR) growth, which it says has been driven by contract renewals from two major clients. According to its March quarterly report, the company delivered an ARR of $8.3 million in the first three months of the calendar year, representing a 19 per cent increase compared to the previous corresponding period.

K2fly records 14th consecutive quarter of ARR growth Bulls N' Bears 30 Jan 2024

K2fly records 14th consecutive quarter of ARR growth

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Software provider K2fly says cost management remains its major focus as the company's latest financial report today revealed a remarkable 14th consecutive quarter of annual recurring revenue growth. The ARR was at $8 million in the past quarter, up 16 per cent compared to the previous corresponding period (PCP) and revenue was at $3.4million, up 21 per cent from the PCP.

K2fly brings in heavyweights for strategic review Bulls N' Bears 23 Nov 2023

K2fly brings in heavyweights for strategic review

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Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.

K2fly grows annual recurring revenue to $7.9m Bulls N' Bears 01 Nov 2023

K2fly grows annual recurring revenue to $7.9m

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K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.

Mark My Words October 27 2023 Podcasts 27 Oct 2023

Mark My Words October 27 2023

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In this podcast, Mark Beyer and Simone Grogan discuss lithium takeover battles; the interest rate outlook; local government elections; and profit results from WA's biggest companies, including ABN Group, Perron Group, Roy Hill and Wright Prospecting.

K2fly on upward trend with 28 per cent revenue jump Bulls N' Bears 30 Aug 2023

K2fly on upward trend with 28 per cent revenue jump

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Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.

K2fly financial year revenue surges 38 per cent Bulls N' Bears 25 Jul 2023

K2fly financial year revenue surges 38 per cent

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ASX-listed mining software provider K2fly has unveiled revenue of $4m for the final quarter of the financial year – a 38 per cent rise from the same period last year and up 18 per cent on the previous quarter. Management says the strong results wrapped up a solid year of growth, which saw revenue grow 28 per cent compared to the previous 12 months.

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