Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 99

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 99
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 Singapore, we have expanded our operation 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 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 a broader array of customers.

We generate revenue from our advertising customers based on platform subscription and platform services on the XPO platform, managed activations and professional services, for which we receive subscription fees, a percentage of their advertising spend as they use the platform services and service fees, enabling us to grow as our customers increase their digital advertisement spending and as we integrate into new channels and platforms.

Our comprehensive one-stop service
business model, in-depth know-how and strong customer base have enabled us to generate strong growth in recent years. 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 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,