Codeifai’s Q3 Revenue Climbs 10% as $2.53M Capital Raise Fuels Quantum Push

Strong Revenue Growth and Capital Raise

Codeifai Limited (ASX – CDE) has reported a solid quarter with revenue rising 10% over Q2 2025 and a striking 55% increase compared to the prior corresponding period. The company’s revenue for the year to date ending Q3 2025 is 30% higher than the same period last year, reflecting growing market traction for its AI-powered QR code solutions. Alongside this growth, Codeifai successfully raised $2.53 million in equity capital during August, bolstering its cash position to $1.524 million at quarter-end and providing a runway estimated to cover nearly seven quarters of operations.

QuantumAI Secure Acquisition – A Strategic Pivot

Perhaps the most transformative development is Codeifai’s completion of due diligence for acquiring the QuantumAI Secure platform from Canadian fintech Credissential Inc. This next-generation SaaS platform integrates post-quantum cryptography with AI-optimized encryption to deliver quantum-resistant payments, file transfers, and secure communications. Unlike legacy encryption vulnerable to quantum attacks, QuantumAI Secure employs advanced lattice-based and hash-based cryptographic techniques recommended by NIST, combined with AI-driven real-time threat detection.

The acquisition, pending shareholder approval at an extraordinary general meeting scheduled for December 8, 2025, positions Codeifai at the forefront of the emerging quantum-secure fintech and cybersecurity market. By integrating QuantumAI Secure’s capabilities with its existing ConnectQR platform, Codeifai aims to offer a seamless, quantum-hardened trust layer spanning product authentication to secure digital transactions.

Expanding Market Reach and Product Innovation

In addition to the acquisition, Codeifai launched GS1 Digital Link functionality on its ConnectQR platform, aligning with the global transition from traditional 1D barcodes to dynamic 2D QR codes. This upgrade enables brands to embed rich product data compliant with GS1 standards, enhancing supply chain transparency and consumer engagement. The feature is expected to attract premium subscribers to ConnectQR’s SaaS offering, priced at US$34.99 per month.

Strategically, Codeifai terminated its previously announced acquisition of Trust Codes Global Limited, choosing instead to focus resources on the QuantumAI Secure platform, which offers greater synergy and market potential. The company also formed a high-profile strategic advisory panel featuring industry veterans from Nvidia, OpenAI, WhatsApp, and Binance, underscoring the significance and ambition of its quantum-secure pivot.

Financial Position and Outlook

Codeifai’s financial discipline is evident in its cash management, with net cash used in operating activities of $566,000 in Q3 2025, consistent with prior periods. The company holds financing facilities totaling $2.88 million, including a $2 million loan facility with Harbour Capital Opportunities Fund and a $750,000 convertible loan from J F Houston Holdings. These resources provide flexibility to support growth initiatives and the integration of the QuantumAI Secure platform.

Executive Chairman and CEO John Houston highlighted the strategic importance of the acquisition, noting the rapid adoption of QR codes as gateways to secure payment solutions, including cryptocurrency transactions. He expressed confidence that Codeifai is well-positioned to deliver enhanced shareholder value through 2025 and beyond, supported by strong market demand for quantum-secure and AI-driven digital brand solutions.