In August last year the Company ramped up its SaaS (software as a service) sales efforts, venturing into e-commerce platforms in Poland, the Czech Republic, and Slovakia, and, most importantly, the global Shopify platform, driving sales in 2019.
The last quarter of 2019 saw QuarticOn continue its efforts to integrate plug-ins for new SaaS-based e-commerce platforms. After making its début on Shopify, which provides access to more than 1 million online stores worldwide, and venturing into e-commerce platforms in Poland, the Czech Republic, and Slovakia, in Q4 the Company recorded 63.6 percent more clients at the end of Q4 2019 compared to Q3 2019, which had a sizeable effect on quarterly sales. After Q4 2019 was completed the Company posted SaaS-related sales revenue of more than PLN 55,600 (a nearly 260-percent increase y/y).
“Our SaaS sales results after Q4 2019 prove that venturing into e-commerce platforms was the right move for our business. We believe that the last quarter will jump-start the continued growth of QuarticOn’s products on e-commerce platforms. Also, talks are under way with other similar platforms, so we are hoping for more sales growth in 2020. Moreover, since R&D is in our DNA, we are committed to developing our products to provide clients with app packages which best suit their individual needs,” said Paweł Wyborski, QuarticOn’s founder and CEO.
