Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 43

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 43
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 also be severely disrupted if our customers, suppliers, or other participants
were affected by such natural disasters, health epidemics or other outbreaks.

We may be subject to social
and natural catastrophic events that are beyond our control, such as natural disasters, health epidemics, riots, political and military
upheavals and other outbreaks in the country or region where we have our operations or where a portion of our users are located. Such
events could significantly disrupt our operations and negatively impact our business, financial condition, results of operations and
prospects.

Seasonal fluctuations in advertising activity could have a negative impact on our business, financial condition and results of operations.

Our business, financial condition,
results of operations and other key performance metrics may vary from quarter to quarter due to the seasonal nature of our clients’
spending on advertising campaigns. For example, certain clients of ours tend to devote more of their advertising budgets to the fourth
fiscal quarter to coincide with consumer holiday spending. Moreover, advertising inventory in the fourth fiscal quarter may be more expensive
due to an increase in demand. Our historical revenue growth has lessened the impact of seasonality. However, seasonality fluctuations
had in the past, and may have in the future, a significant impact on our business, financial condition, and results of operations
if, for example, our growth rate declines, if seasonal spending becomes more pronounced, or if seasonality otherwise differs from its
expectations.

We may not be able to continue as a going concern if we fail to obtain sufficient funding to finance our operations.

Our financial statements have been prepared on the basis that we will continue as a going concern. We incurred a working capital deficit of approximately US$1.0 million and US$6.0 million as of December 31, 2023 and 2024, respectively, which indicates the existence of a material uncertainty and may cast significant doubt over our ability to continue as a going concern. To continue as a going concern requires us to secure funding through equity and debt financing, or other available sources of financing from banks or other financial institutions. However, there can be no certainty that these additional financings will be available on acceptable terms or at all.

If we are unable to continue in operational existence, we may be unable to discharge our liabilities in the normal course of business and adjustments may have to be made to reflect the situation that assets may need to be realized other than in the normal course of business and at amounts which could differ significantly from the amounts at which they