Company: KNRX
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001641172-25-025066
Chunk: 79

Company: KNOREX LTD.
Filing Date: 2025-08-21
Form: F-1/A
Chunk 79
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 packaged goods, travel and hospitality, our platform has demonstrated its versatility, scalability, and effectiveness
in meeting the dynamic demands of various businesses. Our goal is to further expand our business, fostering wider adoption of XPO and
extending its benefits to an even broader array of customers.

Our revenue increased by 24.0% from US$8.7 million for the year ended December 31, 2023, to US$10.8 million for the year ended December 31, 2024, primarily due to increased adoption of our platform given the strong demand from our new and existing customers to pursue automation and scaling efficiency. Our gross profit increased by 40.0% from US$3.2 million for the year ended December 31, 2023 to US$4.5 million for the year ended December 31, 2024. Our net loss decreased by 26.1% from US$8.0 million for the year ended December 31, 2023 to US$5.9 million for the year ended December 31, 2024, primarily due to increases in revenue and decreases in operating expenses.

Key Factors Affecting Our Results of Operations

Our results of operations have been, and are expected to continue to be, affected by various factors, which primarily include the following:

Our Ability to Create Value for Our Customers and Generate Revenue

Creating value for our customers and generate recurring revenues from them is driven by our strong focus and experience in empowering data and technology. Our ability to provide access and aggregate data from different sources from the data marketplace, different devices and across heterogeneous channels and platforms, to enable marketers through our AI capabilities to automate and effectively harness increasingly complex, disparate data in real-time to deliver impactful advertising experience to the desired target audience segments via the right ad channels, ultimately to maximize the advertising campaigns, ROAS or fulfilment of the campaign objective are key measurements to create value for our customers. Further, our ability to help marketers to achieve efficiency and cost savings in their business operation through AI/ML-driven automation is equally important. We may lose customers if we fail to improve and enhance our platform and service offerings and performance optimization and solutions to meet our customers’ evolving needs.

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Our Investment in Technology and Infrastructure

We have made, and will continue to make, significant investments in our platform, as well as service and infrastructure modifications to enhance user experience and expand the capabilities and scope of our platform while we scale our platform to meet increasing demand and sophistication. We