Quickflix boosts sub base 56% in March quarter
- 20 April, 2010 16:18
Online DVD rental company Quickflix (ASX:QFX) has announced that its subscriber base grew a record 56% year-on-year during the March quarter.
Quickflix ended the quarter with just over 49,000 subscribers, of which 37,400 are active, paying customers.
The company said it had generated revenue of $1.89 million.
And while its cash at bank at the end of the quarter was only $400,000, the company has since completed a $1.4 million placement to strengthen its cash position.