QuickFee Ltd. (AU:QFE) has released an update.
QuickFee Ltd. has reported a 37% increase in revenue to $20.3 million for FY24, largely attributed to higher transaction volumes and expanded yields in both the Australian and U.S. markets. The company also experienced a significant improvement in profitability with EBTDA turning positive in Q4 FY24, and a strengthened balance sheet, demonstrated by a successful $4.4 million capital raise and a new $10 million funding facility. Looking ahead, QuickFee is optimistic about FY25, projecting EBTDA to be between $1.5 and $2.5 million, signaling continued growth and shareholder value.
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