K2fly presents on key investment takeaways and future growth opportunities during Proactive Revenue Webinar

K2fly Ltd (ASX:K2F) chief commercial officer Nic Pollock presented on key investment takeaways at Proactive’s Revenue Webinar this week highlighting future growth opportunities in the enterprise mining software space. The company provides technical assurance software that delivers environmental, social and governance outcomes to clients in the resources industry – particularly in the tier-I and tier-2 space. Pollock said the SaaS technology business was the only company to provide resource inventory software to clients, which he said had been “incredibly successful” over the last couple of years. “Off-the-shelf” software company He said: “We have really taken a leadership position in that globally -we are the only off-the-shelf software company to provide that and what that software does is help our customers to report their most important asset to the stock market which is their mineral inventory resources and reserves.” The company’s rapid growth has seen it expand globally in over 50 countries across Australia, North America, South America, Europe, and Africa. Clients include top gold producers To put that into perspective Pollock said K2Fly had five of the top 10 gold producers as customers, which include Newcrest, Newmont, Anglogold Ashanti, Kinross and Gold Fields. These companies use K2fly to report their mineral inventory across a range of different stock markets such as the South African Exchange, New York Stock Exchange, and the ASX. K2fly’s exposure to the iron ore market has enabled the company to work with Vale, Rio Tinto, FMG and Roy Hill who use K2Fly for technical assurance, mineral inventory and/ or land management including heritage and ground disturbance. “Really exciting” growth prospects As an up-and-comer in the industry Pollock said the growth prospects of the business were “really exciting” with quarterly ARR growth up 65% from Q3 FY20. Pollock said: “During the COVID lockdown we were busier than ever, with all projects on the go having gone under revenue then came out the other side and were pushed forward. “In this quarter a lot of that growth has been driven out of North America in terms of the three or four new deals we have signed this quarter.” Total revenue from activities for H1 FY21 was $3,413k - a growth of 29% on the HY FY20 revenue of $2,652k.