Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 81

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 81
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, |            |     |      |           |
|               |     |                         2024 |            |     | 2023 |           |
|               |     |                          US$ |            |     |  US$ |           |
| Revenue:      |     |                              |            |     |      |           |
| U.S.          
 operation     |     |                              | 10,422,293 |     |      | 8,446,459 |
| International 
 operation     |     |                              |    398,072 |     |      |   279,357 |
| Total         |     |                              | 10,820,365 |     |      | 8,725,816 |

Cost of Revenue

Our cost of revenue is primarily the cost to acquire advertisement media sources, advertisement data sources and advertisement related technology features.

Gross profit and gross profit margin

Our gross profit and gross profit margin are primarily affected by our platform services as we scale. In 2024, our overall platform utilization has increased, and more customers began to try out our other platform services offering including for data and tech features. We expect the gross profit to continue to improve as we scale up.

Operating Expenses

Our operating expenses include sales and marketing expenses, platform operations expenses, technology and development expenses, general and administrative expenses, and amortization expenses. We allocate overhead such as information technology infrastructure, rent and occupancy charges based on headcount for all these categories.

The following tables set forth components of our operating expenses for the periods indicated:

|                             |     |                          For 
 the Years Ended December 31, |            |     |   |       |     |      |            |     |   |       |
|                             |     |                         2024 |            |     |   |       |     | 2023 |            |     |   |       |
|                             |     |                          US$ |            |     | % |       |     |  US$ |            |     | % |       |
| Platform                    
 operations expenses         |     |                              |  2,758,292 |     |   |  27.5 |     |      |  3,598,134 |     |   |  32.2 |
| Sales                       
 and marketing expenses      |     |                              |  2,979,014 |     |   |  29.7 |     |      |  3,306,652 |     |   |