News
3 September 2024
Ever wonder how gold companies like Anglo Gold Ashanti, Gold Fields, Newcrest, Newmont or Kinross report their mineral inventory to the stock market? Many household names in the resources sector use or are implementing K2Fly’s Software as a Service (SaaS).
Ever wonder how gold companies like Anglo Gold Ashanti, Gold Fields, Newcrest, Newmont or Kinross report their mineral inventory to the stock market? Many household names in the resources sector use or are implementing K2Fly’s Software as a Service (SaaS).
K2fly is a rapidly growing business who sell their Infoscope and RCubed software solutions globally through the SaaS model and also re-sell and manage world leading software solutions.
“In the last year or so we have grown the Software as a Service business which is really what most of our investors are looking at. With recurring revenue streams, that’s the part they value” said K2Fly’s CEO Nic Pollock in an investor briefing last week.
With leading companies as the current client base, K2Fly is well positioned for significant growth. The company is currently experiencing rapid global sales growth in its SaaS business with Tier 1&2 Miners across all commodities with dominant market share in Gold and Iron Ore. K2fly is the clear leader in its space as the only COTS software available today. Regulatory and Technology changes are creating a perfect storm of demand – now.
“Last quarter we had an exceptional quarter to finish the year, with more than AUD$500,000 net new software annual recurring revenues (ARR) on top of our existing revenues, which gave us a really lovely 177% compound annual growth rate (CAGR) in our Software as a Service business” Mr Pollock said.
A key to this growth is the nature of the business, with services required globally and carried out remotely, meaning that the current crisis hasn’t impacted the K2Fly as much as other businesses.
“The COVID crisis has not really impacted our business, in particular if you look at our Q3 and Q4 results we have continued to sell and deliver our solution as we can deliver remotely to our clients wherever they might be in the world” Mr. Pollock said.
Watch the full investor briefing with Nic Pollock below.
Join the upcoming ‘Meet The CEOs’ webcast – Click here to book your spot.
Recorded 29 July 2020 at 12pm.
