Australia's QuickFee jumps on Q3 results, positive outlook

Quickfee

19/04/2024 04:08

** Shares of fintech firm QuickFee  QFE.AX  rise as much as
9.8% to A$0.09
    ** Co posts Q3 revenue including ancillary products of A$4.9
mln ($3.12 mln) vs A$3.6 mln in the prior corresponding period
    ** Sees Q4 FY24 to be stronger than Q3
    ** Expects revenue to continue to trend upwards & costs to
stay relatively flat, gives us confidence in stronger H2 of FY24
- QFE
    ** However, stock snaps five straight week of gains, down
7.2% this week, as of 0306 GMT
    ** Stock up 64% YTD, as of last close

($1 = 1.5704 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))