KNeoMedia Strengthens Market Position with New Funding and Expanded EdTech Deployments

KNeoMedia Limited ( (AU:KNM) ) has provided an update.

KNeoMedia Limited has been focused on securing funding and meeting listing requirements to resume trading on the ASX, successfully raising capital through placements and entitlement offers. The company has achieved significant progress with its KneoWorld Platform, securing a US$450,000 contract renewal, and expanding its KneoScience platform to additional New York City school districts. This expansion is expected to cover 120,000 students by the 2024-2025 school year, with additional revenue opportunities arising from high school biology content deployment. These developments suggest a strong market positioning and potential for substantial growth in the educational technology sector.

More about KNeoMedia Limited

KNeoMedia Limited is a SaaS and CSP publishing company that provides education and assessment products. The company focuses on delivering digital learning solutions, such as the KneoWorld Platform and KneoScience Edtech Content Services Platform, with a significant market presence in educational initiatives like the ‘Connect All Kids’ in collaboration with the New York City Department of Education.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.91M

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