K2fly Limited (AU:K2F) has released an update.
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K2fly Limited reports a significant quarter with a 20% year-over-year increase in Annual Recurring Revenue, rising to $9.0m, and a substantial cash inflow of $1.2m. The company has also secured new contracts with Vale and Lundin Mining totaling AU$653k in ARR. Highlighting the quarter’s success, K2fly announced an acquisition offer from Accel-KKR at a 90% premium per share, signaling strong market confidence in their Resource Governance solutions.
For further insights into AU:K2F stock, check out TipRanks’ Stock Analysis page.
