Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 93

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 93
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 increase of our platform services.

Gross profit. As a result of the foregoing, we recorded a gross profit of US$2.2 million for the six months ended June 30, 2024, as compared to US$1.2 million for the six months ended June 30, 2023.

Operating expenses.Our total operating expenses decreased by 6.6% from US$5.4 million for the six months ended June 30, 2023 to US$5.0 million for the six months ended June 30, 2024, primarily due to the decrease of US$0.4 million in platform operations expenses and the decrease of US$0.1 million in sales and marketing expenses, offset by the increase of approximately US$0.1 million in technology and development expenses and the increase of approximately US$0.07 million in general and administrative expenses.

| ● | Platform                                                                                                                               
 operations expenses. Our platform operations expenses decreased by 21.6% from US$1.9 million for the six months ended June 30,         
 2023 to US$1.5 million for the six months ended June 30, 2024, primarily due to the decrease in infrastructure costs of US$0.4 million 
 as a result of implementing our cost optimization plan. Our platform operation expenses as a percentage of our revenue were 27.5%      
 for the six months ended June 30, 2024, as compared with 49.5% for the six months ended June 30, 2023.                                 |
| ● | Sales                                                                                                                                  
 and marketing expenses. Our selling expenses decreased by 7.2% from US$1.6 million for the six months ended June 30, 2023 to           
 US$1.5 million for the six months ended June 30, 2024, primarily due to the decrease in our staff commission and insurance with our    
 sale and marketing personnel of approximately US$0.1 million as we cultivate a hybrid team of in-house and external partners for       
 sales and marketing activities. Our sales and marketing expenses as a percentage of our revenue was 26.7% for the six months ended     
 June 30, 2024, as compared with 40.6% for the six months ended June 30, 2023.                                                          |

| 48 |

| ● | Technology and development expenses. Our technology                                                                                        
 and development expenses increased by 9.5% from US$1.