Qr Code Reader Bar Scanner Company

Starting in 2018, the Company became a market-leading iOS application enabling fast, reliable QR code scanning and decoding, presently with 2.9 million monthly active users and over 70 million total downloads resulting in an annual revenue of $9.8 million. With features such as detailed product and food information, scan history, organized folders, batch scanning, and CSV export the app is available on an iPhone, iPad, and Mac with Apple Silicon and operates on a freemium model. It offers a PRO subscription for unlimited scans, product information access, and an ad-free experience where subscription and IAP revenue is 70% and 30% is from advertising. The Company enjoys a large, loyal customer base, and strong brand recognition.

Growth Potential

As QR codes become more prevalent in various industries, the demand for reliable scanning apps is expected to grow.

Adding functionalities like QR code generation, integration with other apps, or enhanced data analytics.

Developing versions for Android or web platforms could tap into new user bases.

Monetization improvements through premium features, advertising, or partnerships.

International user acquisition and localization.

The owner is willing to provide a smooth transition to the buyer. Specifics on support and the training period are flexible depending on the new owner’s needs.

Location: International