Kinatico reported a growth in its profit to a half year of $400,000, compared to a $1 million loss in the prior-year period.

The growth was driven by its performance in Software-as-a-Serivce. Its half-year SaaS revenue reached $4.4 million, an increase of 159% from $1.7 million.

The company booked $2.4 million in SaaS revenue in the second quarter, up 145% year on year, representing 33% of the total second-quarter revenue of $7.1 million.

The company’s total revenue for the half-year period was $14.3 million.