Company: KNRX
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001641172-25-025066
Chunk: 87

Company: KNOREX LTD.
Filing Date: 2025-08-21
Form: F-1/A
Chunk 87
---
 believes our reserves are reasonable, no assurance can be given that the final tax outcome of these matters will not be different from that which is reflected in our reserves. Reserves are adjusted considering changing facts and circumstances, such as the closing of a tax examination or the refinement of an estimate. Assumptions, judgments and estimates relative to the amount of deferred income taxes, and any applicable valuation allowances, consider future taxable income. Any of the assumptions, judgments and estimates mentioned above could cause the actual income tax obligations to differ from estimates.

Key Operating Data

The table below sets forth our selected operating data for the periods indicated, which should be read in conjunction with our consolidated financial statements and the accompanying notes included elsewhere in this prospectus:

|                                                        |     |                          For 
 the Years Ended December 31, |         |     |      |         |
|                                                        |     |                         2024 |         |     | 2023 |         |
| Number                                                 
 of customers(1)                                        |     |                              |      37 |     |      |      29 |
| Average                                                
 revenue per customer (US$)(2)                          |     |                              | 292,187 |     |      | 300,890 |
| Revenue                                                
 from self-serve (includes add-ons) (%)                 |     |                              |    98.3 |     |      |    96.4 |
| Revenue                                                
 from managed activations and professional services (%) |     |                              |     1.7 |     |      |     3.6 |

Notes:

(1) “Customer” refers to any entity that enters into a contract with us, typically an advertising agency or a corporate entity. To be classified as a Customer, the party must have a cumulative contract value exceeding US$3,000 between January 1 and December 31 of the respective year. The advertiser (defined as the Customer’s client) is the end user or ultimate buyer of the advertisement.

(2) Average revenue per customer is calculated as the total revenue for the year divided by the total number of customers for the same year. Our management use this metric as a measure to assess the overall progress and direction of our business, as well as to select and pursue customers who can keep pace with our growth.

Comparison of Results of Operations

| 47 |

Year ended December 31, 2024 compared to year ended December 31, 2023

Revenue. Our revenue increased by 24.0% from US$8.7 million for