Knosys Limited Reports Half-Year Financial Results with Increased Losses

The latest update is out from Knosys Ltd. ( (AU:KNO) ).

Knosys Limited reported a slight decrease in revenue from ordinary activities for the half-year ending December 31, 2024, compared to the previous year, primarily due to lower project and implementation fees. Despite an increase in total revenues, the company experienced a significant loss attributable to members, driven by increased personnel expenses and recruitment fees related to new product development. The loss also includes non-cash charges for amortization of intangible assets, impacting the company’s financial performance and future dividend prospects.

More about Knosys Ltd.

Knosys Limited operates in the technology industry, focusing on providing software solutions, including license, subscription, support, and project fee services. The company is involved in developing new products, particularly in the library-tech sector.

YTD Price Performance: -14.00%

Average Trading Volume: 198,760

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$9.29M

For a thorough assessment of KNO stock, go to TipRanks’ Stock Analysis page.