K2Fly on growth trajectory, Another smashing quarter
by John Smith Stock Market Investor
The ASX listed technology company, K2fly Limited (ASX: K2F), continues to outshine peers. The company has reported yet another successful quarter in terms of invoices and new deals. Let's dive deep into the main highlights of Q3 FY21.
How did Q3 FY21 pan out for K2F?
Record Invoice: The company posted a record invoicing in the third quarter to the tune of AU$ 2.06M, up by 27% on the previous corresponding period, which came in at AU$ 1.61M.K2fly also inked four new software subscription deals in Q3, which substantially increased the ARR by 26%, invoicing by 28%, and TCV by 56%. The TCV now stands at AU$ 9.13M.
On 31 March 2021, the company had AU$ 1.52M in cash along with AU$ 1.58M in receivables, mainly from Tier 1 customers. K2fly reported no debt.
In Q3, the overall cash position of K2F remained negative at AU$ 1.04 million.
Created on Apr 29th 2021 04:02. Viewed 178 times.