Quickbit publishes Q2 ‘21/22 interim report
Sales for the quarter posted a year-on-year increase of 295%. The increase was primarily driven by a higher average daily volume (ADV), additional merchants and the positive effects of the preceding year’s restructuring. Merchants numbered 74 at the end of the second quarter, up 28, or 61%, year-on-year. The quarter was characterized by continued investments in product launches and geographic expansion.Second quarter, October – December 2021 in summary · Net sales totalled €88.2 million (22.3). · Gross profit amounted to €3.4 million (1.2) with a gross margin of 3.9% (5.5). ·