Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 86

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 86
---
 of operations.

We make assumptions, judgments and estimates to determine the current income tax provision, tax benefits from uncertain tax positions, deferred tax assets and liabilities and valuation allowance recorded against a deferred tax asset. The assumptions, judgments and estimates relative to the current income tax provision (benefit) consider current tax laws, their interpretation and possible results of foreign and domestic tax audits. Changes in tax law and their interpretation could significantly impact the income taxes provided in our consolidated financial statements.

| 46 |

The evaluation of our uncertain tax positions involves significant judgment in the interpretation and application of GAAP and complex domestic and international tax laws, and matters related to the allocation of international taxation rights between countries. Although management 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