Kinatico (ASX:KYP) has posted a record AU$32.1 million in revenue for the fiscal year ended June 30, driven by a 54% surge in software as a service (SaaS) income and closing the year with AU$10.2 million in cash on hand and zero debt, according to a Wednesday Australian bourse filing.

The company's SaaS revenue for the fiscal fourth quarter was AU$4.4 million, up 57% on the prior corresponding period and accounting for 52% of total revenue, as total quarterly revenue increased 15% to AU$8.5 million, the filing said.

Full-year SaaS revenue reached AU$14.9 million, contributing to a record total revenue of AU$32.1 million for the fiscal year, while the business remained cash accretive with AU$10.2 million in cash and cash equivalents as of June 30, the filing added.