QuickFee Reports Record Revenue in Fiscal Q2

MT Newswires Live
01-20

QuickFee (ASX:QFE) reported a record revenue of AU$6.2 million for the fiscal second quarter ended Dec. 31, 2024, increasing 22% from AU$5.1 million it reported in the prior-year period, according to a Monday Australian bourse filing.

The firm attributed the rise in revenue to growth in its core finance product in both Australia and the US, with its AU Finance revenue up 42% in the prior corresponding period to AU$ 2.7 million.

It said the results delivered positive earnings before taxes, depreciation, and amortization in the quarter.

Revenue for the fiscal half clocked in at AU$11.7 million, jumping 26% from AU$9.3 million it reported in the prior-year period.

Non-executive chairman Dale Smorgon confirmed the guidance for an expected fiscal year 2025 earnings before taxes, depreciation, and amortization in the range of AU$1.5 million to AU$2.5 million, weighted to the second half.

The firm's shares rose over 4% on market close.

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