Qoria Reports AU$12 Million Gross Annual Recurring Revenue Growth in Fiscal Q2

MT Newswires Live

01/21

Qoria (ASX:QOR) reported gross annual recurring revenue growth of AU$12 million for the fiscal second quarter ended December 2024, as its free cash flow narrowed to a loss of AU$1.1 million, compared with a loss of AU$2.6 million in the prior year period, according to a Tuesday Australian bourse filing.

The firm's overall annual recurring revenue grew to AU$132 million, on the back of growth in its K12 and Qustodio segments.

Its cash flows from operating activities came in at AU$4.2 million in the quarter, up 56% from the prior-year period, with the December 2024 quarter including a higher proportion of annual fixed cost payments, the filing said.

The firm's shares fell 2% in recent trade Tuesday.

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