Top member reports
Company Report
Last edited 4 years ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (60m)
5.2% pa
Followed by
162
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#Management
stale
Last edited 4 years ago

Some brief observations on the directors:

(The Hon.) Alan Stockdale (Non-Executive Chairman) has strong ties to the liberal government and is potentially well placed to get more government work. He was former Federal Liberal party President, former VIC state Deputy Liberal leader, and former Treasurer in the government of Jeff Kennett from 1992 to 1999. Some serious chops there.

Peter Pawlowitsch (Non-Executive Director) is also a director of Dubber: ASX:DUB which is another company with very strong integration with Mega-cap company CISCO, so something I'll be watching closely.

The upshot being, that albeit being a small board, they are nonetheless poised to potentially capture a lot of growth through their existing relationships.

One final note that I feel is worth mentioning: the auditors, William Buck are my accountants, and I can say with authority that they are brilliant. They're honest, hard-working, and take their job very seriously. FWIW, I would just about bet my house on a clean set of books here.

#Financials
stale
Added 5 years ago

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.