Quickflix Offices - Chairman Stephen Langsford. Picture - Lee Griffith / The West Australian  ***FAIRFAX ONLINE & FINANCIAL REVIEW OUT*** 4th October 2011
Quickflix Offices - Chairman Stephen Langsford. Picture - Lee Griffith / The West Australian ***FAIRFAX ONLINE & FINANCIAL REVIEW OUT*** 4th October 2011

UPDATE 1.40pm: Quickflix has issued a bullish quarterly update, claiming 4 per cent growth in paying customers to 102,248 and a 10 per cent jump in total active customers, which includes 18,552 so-called trialists, to 120,800.

And the company said the number of paying customers had continued to increase since the end of December as more trialists converted to fully paying customers.

Revenue in the December quarter was 5 per cent lower than the previous quarter's $4.8 million.

But the company said March quarter revenue was tracking higher on the larger base of paying customers.

Quickflix said new platforms launched during the quarter included PlayStation 4, LG Smart TVs, TiVo and Amazon Kindle Fire.

"Having established a vast array of devices over which to stream… , Quickflix is now readily accessible by most householders in Australia and New Zealand," the company said in a statement.

"The launch of Quickflix on the new Xbox One game console anticipated in the coming quarter will be another major milestone.

"New significant content licensing deals are well advanced and are expected to be concluded over the coming weeks which will further support the company's long term growth objectives."

The company held cash reserves of $5.2 million at the end of the quarter.

Quickflix shares were steady at 1.4 cents at the close.

The West Australian

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