Q4 results announced today, and overall the trend continues to looks good.
It was a little frustrating to see ~$1.4m worth of revenue rolled over into next Qtr due to delayed payments, but that should only serve to make Q1 FY20 results look spectacular. Had it been recognised sooner, cash inflows this qtr would have been around ~$1.1m, or for the full-year ~$4.5m, giving KNO a p/s ratio of < 2 at the SP when the results were announced.
I was expecting more uptake in the mid-market KIQ cloud section than one customer, but management seem positive that this is really only the beginning and that roadshow demonstrations have been well received by potential customers.
Encouragingly, there seems to be plenty more growth on offer from existing large enterprise customers, so anything that does come from the KIQ Cloud / Microsoft partnership could just be cream on top for the time being. Having said that, I would like to see this become the more profitable arm of the business over the course of the next 5 years to iron out the risks of large customers jumping ship.
Overall, a result in line with my expectations. The revenue rollover should see Q1 FY20 results look spectacular, with an impressive FY20 on the horizon.