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's activity report 2022

Company

QuantumTec OÜ is a company specialized in communication services between companies and customers, offering its services both in Estonia and worldwide. Our mission is to provide customers around the world with a quality solution for the rapid transmission of SMS / email / Messenger messages.

QuantumTec delivered over 100 million SMS to its customers in more than 100 countries. The company's activity was worldwide, if measured by the customer's location. However, all company processes were maintained from Estonia.

The process of developing the structure began at the end of 2017. Over the past 3 years, our team has developed perfect tools for our customers and partners, as a result of which the company gained reliability among its partners in Estonia.

Main financial ratios 2022 2021 2020

Sales revenue (thousand €) 18,276 5,242 2,773

Net profit (thousand €) 1,728 469 58

Net profitability 9.5% 8.9% 2.1%

Short-term obligations coverage ratio 5.10 2.53 1.89

ROA (%) 0.53 0.31 0.09

ROE (%) 0.66 0.51 0.13

Formulas used in calculating ratios: (cid:127) Net profitability (%) = net profit/ sales revenue * 100 (cid:127) Short-term obligations coverage ratio (times) = current assets/short-term obligations (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity *100

Revenue, expenses and profit

The company's revenues grew sharply, almost tripling the previous year's sales revenue and reaching 18.3 million euros, exceeding the 5.2 million in 2021.

The company's financial result was positive 1.73 million euros (which is significantly better than a year earlier 0.47 million euros).

Employees

In 2022, the company did not have employees and all work tasks were performed by the board member and subcontractors.

Objectives for the next budget year The main goal for 2023 is to further develop and evolve the company's structure and maintain market share.