Quickbit reports sales of € 8.9 million during Q2 ‘23/24 to compare with EUR 4.4 m during the first quarter ’23/24. This growth is due to increased transaction volumes via Quickbit’s new partners and that Quickbit’s inhouse developed products are now starting to contribute to turnover. The gross margin amounted to 4.8 %.

 

Second quarter, October – December 2023 in summary

Six months period, July – December 2023 in summary

 

Events during the quarter

Events after the quarter

Comments by the CEO

It is with great pleasure I report that Quickbit has successfully navigated through a challenging period filled with significant obstacles. After a time of layoffs, cutbacks, and the termination of unfavorable partnerships, Quickbit has now laid the groundwork for growth.

The new generation Quickbit is focused on product, sales, marketing, and direct relationships with the end customer. This change means a greater focus on in-house developed products and increased ability to understand and meet customer needs. The goal is a market- and sales-oriented company with a global growth potential.

Quickbit has successfully built new partnerships with merchants during Q2 and improved our technical capacity and delivery capability, especially in the in-house developed platform Quickbit Pay. We have seen an increase in the number of merchants choosing to place their transaction volumes with Quickbit, which has led to our total transaction volume more than doubling in Q2 compared to Q1. This has required hard work, and the team remains fully dedicated to further increasing the transaction volume.

The increase in transaction volume shows that we are doing the right things. We continue to receive positive feedback from customers, whom, with our new pivoted model, Quickbit has now come even closer to. With our improved technical capacity, we have laid the foundation for increased scalability, mainly by quickly increasing our transaction capacity, which makes us an attractive option for large global players.

Quickbit has gone through a year of trial with great hope and confidence. The team took their Christmas break with ambition and confidence in a 2024 where we will take significant steps as a company.

Now we look forward to taking on H2 2024!

Daniel Sonesson

CEO 

Quickbit

 

The interim report is published in Swedish, but the English translation is not yet translated and will be published during the day.

 

For further information, please contact:

Daniel Sonesson, VD

+ 46 73 530 30 25
ir@quickbit.com 

 

This release is published in Swedish and English. In the event of any differences between the English version and the Swedish original, the Swedish version takes precedence. 

This information is such information that Quickbit eu AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above contact person, on Wednesday, 21 February 2024 at 8:00 a.m CET.
 

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Quickbit is a Swedish fintech company, founded in 2016 with the goal of making the integration of cryptocurrencies into the everyday lives of people and companies smoother. Today, Quickbit offers safe and easy-to-use products for e-merchants as well as customers. With a transaction volume to date in excess of €1 billion, Quickbit has already enabled and empowered individuals around the world, through the use of cryptocurrencies. Quickbit has been listed on NGM Nordic SME since July 2019. For more information, please visit www.quickbit.com