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8 July 2009
Quickflix ends financial year with turnaround performance
Quickflix Limited (ASX: QFX) posted its results for the June quarter today concluding a year in
which the Company performed strongly in a very challenging economic environment.
Highlights for the year were:
Paying subscribers as at 30 June, 2009 were 29,910 up 17 per cent for the year with most
of the growth coming in the last two quarters;
Revenue receipts grew by 12 per cent to $6.9 Million whilst operating payments were down
by 14 per cent to $7.4 Million;
Net cash outflow reduced from $4.95 Million in the previous year to $1.48 Million for the
year ended 30 June 2009; and
Net cash at bank at 30 June 2009 was $1.19 Million having recently successfully
completed a $0.75 Million private placement.
In the June quarter, Quickflix repeated the solid growth in paying subscribers of the previous
quarter. This was all the more pleasing as it was achieved on minimal marketing spend, Quickflix
Managing Director Simon Hodge said.
“Our service offering is in the sweet spot for Australian householders looking for affordable quality
entertainment. As a brand we also have early mover advantage as increasingly consumers turn to
online” Mr Hodge said.
In addition to the private placement which raised $0.75 Million in June, Quickflix has recently
announced a fully underwritten 1 for 6 rights issue to raise a further $1.2 Million to fund its
expansion.
Founder and Executive Director of Quickflix, Stephen Langsford said: “The outlook for the coming
quarters is very positive. The capital raised from the recent private placement and the announced
fully underwritten rights issue will fund the next step change in our subscriber numbers and build
on our momentum”.
For more information, please contact:
Simon Hodge
Managing Director
Quickflix Limited
ph +61 8 9347 4912
simon@quickflix.com.au
Stephen Langsford
Executive Director
Quickflix Limited
ph +61 8 9261 8858
stephen@quickflix.com.au
About Quickflix
Quickflix Australia's largest independent online movie subscription company with a choice of over
36,000 film, TV series, documentary and sporting titles across 400 genres in DVD and high
definition Blu-ray formats.
Quickflix delivers rental DVDs to anywhere in Australia free of charge and there are no late fees or
return deadlines. Since commencement Quickflix has delivered over five million DVDs and delivers
almost two hundred thousand DVDs each month.
Quickflix (QFX) was listed on Australia Securities Exchange in 2005.
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