QuickFee Q1 FY25 financial results summary

QuickFee (ASX:QFE), a financial technology company, has announced a significant growth in revenue for the first quarter of the fiscal year 2025, ending 30 September 2024. The company's revenue increased by 33% compared to the previous year, totaling AUD 5.6 million. This success is attributed to the strong performance of its core Finance product in both the Australian and US markets.

Overview of QuickFee's strategic growth and future plans

QuickFee's Q1 FY25 results show a robust 33% revenue growth, reaching AUD 5.6 million, fueled by its Finance product. The company expanded its customer base and formed significant partnerships, including a new Connect integration with Thomson Reuters Practice CS, promising increased transaction volumes. In the US, Finance revenue rose by 17%, and in Australia, by 57%. Strategic partnerships with IRIS Software Group and Knuula have bolstered loan volumes and customer retention. QuickFee anticipates maintaining its FY25 earnings guidance, with an EBTDA expected between AUD 1.5 to 2.5 million, foreseeing stronger performance in the year's second half. With AUD 4.6 million in cash and plans for new financing, QuickFee remains focused on attracting larger firms and modernizing its processes to sustain growth.

Executive insights on Q1 FY25 performance

Non-executive Chairman Dale Smorgon highlighted the company's focus on new integrations, strategic partnerships, and product innovation to drive growth and customer retention.