Fintech company Quickbit, which develops technology solutions, reported a substantial increase in sales in the first quarter of the broken fiscal year 2024/25 compared to the same period last year. The adjusted ebitda result turned positive. Operating profit reached breakeven

Turnover rose to EUR 75.7 million (4.1). The company had previously flagged that turnover would be around 75 million.

"The main reason for the high growth over the past year is new collaborations and partnerships that contribute to increased volumes and that Quickbit's proprietary products contribute to increased sales," the company writes.

CEO Daniel Sonesson adds that October was also a record month with €36.4 million in revenue. This "shows that profitability is within reach", he says.

Gross profit amounted to EUR 2.4 million (0.2), with a gross margin of 3.2 percent (4.9).

Adjusted ebitda amounted to EUR 0.4 million (-1.3), with an adjusted ebitda margin of 0.5 percent.

The operating result was EUR 0.0 million (-1.9).

Profit after tax amounted to EUR 0.0 million (-1.9).

Earnings per share amounted to EUR 0.00 (-0.02).

Quickbit, MEURQ1-2024/2025 Q1-2023/2024 Change in net sales
Net turnover 75,7 4,1 1 746,3%
Gross profit 2,4 0,2 1 100,0%
Gross margin 3,2% 4,9%
Adjusted ebitda 0,4 -1,3
Adjusted ebitda margin 0,5%
Operating profit/loss 0,0 -1,9
Net result 0,0 -1,9
Earnings per share, EUR 0,00 -0,02