Quickbit interim report for the first quarter of 2021/2022
Sales increased 80% year-on-year, primarily through more merchants joining but also due to a slight recovery following the impact of the preceding year’s revenue restructuring on sales. Merchants numbered 67 at the quarter’s end, up from 29 at the same date last year. Investments in consumer products continued and the Quickbit App launched in the Swedish market in August.First quarter, July–September 2021 in summary · Net sales totalled €97.1 million (54.0), up 80% year-on-year. · Gross profit amounted to €3.6 million (2.3) with a gross margin of 3.7% (4.3). · Adjusted EBITDA was