QuickFee Limited (ASX: QFE) held its 2024 Annual General Meeting on November 20, 2024. The meeting featured discussions on FY25 earnings guidance, key resolutions, and management presentations. Shareholders received insights into the company's financial performance and strategic direction.
QuickFee Limited's 2024 AGM provided a platform to discuss the company's FY25 earnings guidance and strategic outlook. The company reported a significant increase in revenue and an improved net loss after tax. With an anticipated EBTDA between A$1.5 million and A$2.5 million for FY25, QuickFee is committed to achieving sustained profitability. The company aims to leverage its QuickFee Finance and QuickFee Connect services while managing costs and investing in strategic partnerships. Additionally, QuickFee has expanded its customer base, secured new partnerships, and enhanced its direct-to-bank ACH platform, positioning itself for future growth and success.
Total revenue increased by 37% year-on-year to A$20.3 million. Revenue from the core Finance product grew by 53% to A$11.9 million, with the loan book increasing by 28% to A$55 million. Operating expenses decreased by 1% to A$15.8 million. Net loss after tax improved from A$8.1 million in FY23 to A$4.7 million in FY24.