Quickflix (ASX:QFX) sub base, revenue grew in June quarter

Quickflix (ASX:QFX) sub base, revenue grew in June quarter

Online movie rental company Quickflix (ASX:QFX) has revealed its subscriber-base grew 13% in the June quarter to around 55,300.

The company received customer receipts of $2.23 million for the quarter, an 18% increase.

But marketing and content investment increased, leading to a cash outflow before financing of around $700,000.

Quickflix ended the quarter with a cash balance of $0.98 million, thanks largely to a $1.4 million placement at the end of April.

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Tags cash flowQuickflixonline storeGuidanceASX:QFX

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