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Qoria Limited (ASX:QOR)

ALERT: Price-sensitive ASX Announcement for QOR
Current share price for QOR : $0.235 -0.215 (-47.78%)+
Announcement
Release
22 Jul 2025 9:07AM
Price at Release
$0.450
Full Release
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Summary
Qoria Limited's Quarterly Activities and Appendix 4C Cash Flow Report for the quarter ended 31 March 2024 highlights a record performance with a 17% year-over-year increase in cash receipts and positive net operating cash flow. The company continues to prioritize global expansion, particularly in the North American and UK markets, and invests in core technology platforms to enhance its product suite. Strategic wins, especially in the US education sector, underline Qoria's market traction. The business maintains a strong cash position, disciplined cost management, and ongoing investment in R&D to support growth and innovation in its cybersecurity and online safety solutions.
Key Points
  • Qoria Limited delivered a record quarter with Group Cash Receipts of $13.2 million, marking a 17% increase on the prior corresponding period (pcp).
  • Group Cash Operating Payments were $12.6 million, a 7% increase on pcp, reflecting continued investment in growth initiatives.
  • Net cash flow from operating activities was $0.6 million for the quarter.
  • The company focused on global expansion, particularly in North America and the UK, where strategic partnerships and product enhancements are progressing.
  • Qoria continued to invest in its core technology platforms, including the SafeGuard and FamilyZone solutions, to improve product offerings and support future growth.
  • The business signed several significant new contracts, most notably in the US education sector with large school districts.
  • R&D expenditures were sustained at prior levels to maintain competitiveness and accelerate product development.
  • Qoria reported a strong balance sheet with $4.9 million in cash at hand as of 31 March 2024.
  • No payments were made to related parties other than standard remuneration to directors.
  • The company expects continued growth in recurring revenue streams and is focused on cost management to drive further operating leverage.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.