Human Technologies combines cloud business systems with biometric authentication and provides KING OF TIME, an attendance-management and HR/payroll system.
What is the investment case, and what must be true for it to hold?
Human Technologies can sustain KING OF TIME SaaS growth because it has continued growing revenue, provided customer-base expansion and higher average revenue per user offset the fading one-time billing uplift. The company said revenue had continued to grow by about 20%, and that 7.9 percentage points of KING OF TIME SaaS growth of 25.1% came from a temporary uplift caused by changing billing from clock-in users to registered users. Human Technologies plans to return to a growth trend of 20% in the medium term through AI use and value-added services.
The company increased web advertising and content investment for KING OF TIME series products under its one-price strategy.
