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KNeoMedia Limited ( (AU:KNM) ) has issued an update.
KNeoMedia Limited has made significant progress towards the reinstatement of its shares on the ASX, following a suspension in March 2024. The company has secured necessary funding through a $1.25 million placement and a $1.657 million entitlement offer, and is nearing a sustainable working capital position. Key developments include the deployment of its KneoScience platform to additional districts within the New York City Department of Education, surpassing initial agreements and expanding its reach to high schools. This expansion is expected to significantly boost revenue and enhance the company’s market position.
More about KNeoMedia Limited
KNeoMedia Limited is a SaaS and CSP publishing company that provides world-class education and assessment products globally. Their platforms, KneoWorld and KneoScience, offer educational solutions for both general and special education classrooms. The company sells student seat licenses to education departments on an annual basis and through distribution agreements, focusing on a business-to-business strategy.
Technical Sentiment Signal: Sell
Current Market Cap: $1.97M
Learn more about KNM stock on TipRanks’ Stock Analysis page.