April 2019 invoices raised was also up 158% on April 2018 – the company noted that the June quarter is usually the largest revenue quarter.
The company is on track to invoice around $500,000 to its clients for June 2019 resulting in June quarter invoices of over $1 million.
Shares are up over 30% in the past month, closing yesterday at 18 cents.
As at 13 June K2F has more than $700k in cash and more than $1 million in aged receivables from existing clients.
RCubed acquisition completed
K2F has now completed the acquisition of the RCubed, a resource governance software solution from South Africa.
It has also acquired a new client in the form of Imerys, a French multinational company which specialises in the production and processing of industrial minerals.
The acquisition complements K2F’s governance software Infoscope, which also targets the resources sector.
Two new clients in Queensland
During May, K2F also started assignments with two new name clients in Queensland; New Hope Corporation Ltd (ASX:NHC) and Stanwell Energy.