QuickFee Ltd. ( (AU:QFE) ) just unveiled an announcement.
QuickFee Limited reported a strong Q3 FY25 with a 29% increase in revenue compared to the previous year, driven by growth in transaction volumes and margin expansion in both Australia and the US. However, the company revised its FY25 earnings guidance due to a provision for a potential credit impairment of US$ 2.2 million, following a default by a US firm. Despite this setback, QuickFee remains on track to achieve its underlying business performance targets, with ongoing refinancing discussions expected to conclude in the second half of FY25.
More about QuickFee Ltd.
QuickFee Limited operates in the financial services industry, providing payment solutions such as ‘Pay Over Time’ and ‘Pay Now’ for businesses in Australia and the US. The company focuses on facilitating transactions through its QuickFee Finance and Connect platforms, catering to firms seeking flexible payment options.
YTD Price Performance: -39.17%
Average Trading Volume: 89,647
Technical Sentiment Signal: Buy
Current Market Cap: A$24.95M
See more insights into QFE stock on TipRanks’ Stock Analysis page.