Australia's K2FLY at nearly 2-wk lows after Q1 results

K2FLY

01/11/2022 03:45

** K2fly Ltd shares  K2F.AX  down 2.7% to A$0.18, their
lowest since Oct. 18
    ** K2fly says Q1 cash receipts from customers down 19% YOY
due to timing of billings and payment terms, which led to record
collections in Q4  urn:newsml:reuters.com:*:nASXbwPbGZ
    ** Says Q1 revenue up 4% YOY, but down 11% QOQ due to
"one-off implementation revenue, which was higher in prior
quarters"
    ** Stock's current drop extends YTD losses to ~41%
 
 ($1 = A$1.5552)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))