How KNeoMedia’s $2.9M Raise Fuels KneoScience’s Leap to 300,000 More Students

Corporate Progress and Financial Position

KNeoMedia Limited (ASX – KNM) continues its determined push toward reinstatement on the Australian Securities Exchange following a suspension that began in March 2024. The company has successfully completed two major capital raising initiatives in 2024, including a $1.25 million placement and a fully underwritten entitlement offer raising $1.657 million. These efforts have bolstered the company’s working capital and positioned it to meet ASX listing requirements.

Despite ongoing negative cash flow from operations, KNeoMedia benefits from a $2 million equity line of credit facility provided by Stratford Capital, which remains available pending reinstatement. The company estimates it has sufficient funding to cover approximately nine quarters of operations, reflecting a cautious but stable financial footing as it works to secure future revenue streams.

KneoScience Platform Expansion and Educational Impact

At the heart of KNeoMedia’s operational focus is the KneoScience platform, developed in close collaboration with the New York City Department of Education (NYCDOE). The platform digitizes mandated science investigations for grades 3 through 8 and has recently expanded to include high school biology investigations, a move that significantly increases the potential student user base by approximately 300,000.

This expansion is not merely incremental; it reflects the NYCDOE’s strong endorsement of KneoScience’s unique capabilities, including multi-lingual support across nine languages, accessibility features for neurodiverse learners, and real-time data analytics for educators. The platform’s ability to reduce teacher workload by up to 50% while enhancing student engagement positions it as a valuable tool in modern education.

Outlook and Strategic Considerations

Looking ahead, KNeoMedia is focused on finalizing key contracts with the NYCDOE that will secure revenue for the 2026 financial year and underpin a sustainable working capital position. The company’s leadership remains confident in its going concern status, supported by achieved milestones and ongoing initiatives.

However, the timing and certainty of contract finalizations remain critical variables. The company’s ability to lift the ASX suspension hinges on these developments, as well as continued operational execution and capital management. Investors will be watching closely as KNeoMedia transitions from development to broader deployment of its educational technology solutions.