Qoria Reports Nearly AU$8 Million in Annual Recurring Revenue in March Quarter; Shares Hit Two-Year Low
Qoria (ASX:QOR) reported AU$7.6 million in annual recurring revenue (ARR) in the March quarter, up 49% from a year earlier, according to a Friday Australian bourse filing.The company said net ARR additions stood at AU$6 million, up 62%, bringing the exit ARR to AU$151 million. Total subscriptions reached 810,000, up from 639,000 a year earlier.Qoria reiterated its fiscal 2026 guidance of more than AU$145 million in revenue, ARR growth of over 20%, and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 20%.Qoria and Aura continue to target ARR growth of more than 20% this year, with the group expected to be free cash flow-positive from closing to Dec. 31, per the filing.The company's shares fell 18% in recent Friday trade and earlier reached their lowest since February 2024.