Quantify’s global industry recognition lies in its sales pipeline of IOT devices
Quantify Technology Holdings (ASX: QFY) provided a promising market update on Wednesday which reflected on accolades its proprietary Q Device and Fabric Extension fascia technologies have recently received in global markets.
Management was buoyed by the numerous enquiries particularly from industries across the technology and construction sectors after showcasing its devices to potential commercial partners in the US market.
While this response probably won’t come as a surprise to investors in Australia who are already aware of the company’s growing revenue pipeline, the fact that it has received recognition from potential end-users in overseas markets is a highly promising development.
Given that the company’s technologies are highly scalable and its proprietary technology is securely protected, QFY is in a position where it can substantially ramp up revenues off a relatively fixed cost base, effectively increasing margins with exponential growth in profitability occurring as much of the income drops straight to the bottom line. Read more…