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Though much of the e-learning market is composed of IT training programs, non-IT training programs are expected to surpass IT programs by the end of 2004, bringing the total e-learning market to an estimated size of 14 to 23 billion dollars.
KN is in a relatively strong financial position for a young company. Venture financing has flushed KN with over 32 million dollars in cash on hand to cover operations, and KN has been gradually progressing towards achieving positive net income. Losses of close to 7 million in quarter two of 1999 have been reduced to losses of 600,000 dollars through quarter one of 2001 (the company posted positive net income of 535,000 dollars for the month of March of 2001)...
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