Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 78

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 78
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business challenges. For customers preferring campaign-driven engagements without any long-term platform contract, we provide managed
activations to manage their advertising campaigns end-to-end.

Since our inception in September
2009 in Singapore, we have expanded our operations to the U.S., Vietnam, India, and Malaysia, where the U.S. is now by far our largest
market. Over the years, we have consistently made substantial investments in research and development, forging robust partnerships with
leading media, data and tech partners across the U.S., Europe, and Asia. These efforts have been pivotal in shaping our commercial development
and product roadmap as we actively pursue expansion initiatives.

Our commitment to excellence
has been recognized by our industry partners, including recently being enlisted as a Meta Business Partner and Google Premier Partner
(among the top 3% exclusive tier) in recognition of our technical, operation, and business excellence. We were awarded the MarTech Breakthrough
Awards for “Best Remarketing Platform” in 2022 and named a Top 10 Marketing Automation Solution Provider in 2021 by MarTech
Outlook.

To date, our customers, primarily
comprising marketers from the advertising agencies, have been utilizing XPO to successfully automate and optimize outcomes for over 7,997
advertiser accounts and growing. Spanning diverse industry verticals such as automotive, healthcare, e-commerce, business-to-business,
retail, consumer 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