Mobile appNov 7
AI Note-to-Quiz Study App
This iOS app turns photos of students' notes into practice quizzes, and most subscribers come from creator videos in Norway and Sweden. It only launched in October 2025.
- Ask
- $289K
- Profit
- $109K
- Multiple
- 2.7x
- Ask
- $289K
- Revenue
- $212K
- Profit
- $109K
- Margin
- 51%
- Multiple
- 2.7x
- Age
- 1 yr (2025)
How it rates
ValuationFair
Similar mobile apps we've tracked mostly ask 2.8–5.0x profit, or 2.4–4.2x adjusted for its higher risk; this one asks 2.7x.
Durability
Launched in October 2025, sold only through the iOS App Store, with customers found mostly through creators in 2 countries.
Hands-off
Managed services run the app with no staff, so a new owner would likely handle creator marketing and updates alone.
Why it's interesting
- $109K profit on $212K revenue over the last 12 months, with no staff or salaries; last month brought $21.3K revenue and $12.8K profit, above the 12-month monthly average.
- 67% of subscribers are on yearly plans, and $30K of marketing produced 5,760 paid subscription starts, about $5.21 each.
- The seller offers read-only RevenueCat and App Store Connect access to check the figures, and the 12 months include a full summer off-season.
What to watch
- At about a year old, the 12-month figures cover almost its whole life, and the first yearly subscribers are only now coming up for renewal; the stated 45% growth has no earlier year to compare against.
- iOS only, English only, with most subscribers in Norway and Sweden, all found through one creator-marketing channel.
- A 3.4 App Store rating, weekly plans and no free trial point to possible refund and churn pressure, in a crowded category (StudyFetch, Studley, Studyflash, Astra) built on Google Gemini.
- The claimed 77% margin doesn't match $109K profit on $212K revenue (51%); it is likely measured after Apple's cut.
Ask the seller
- What share of the first yearly subscribers have renewed, and how long do weekly subscribers typically stay?
- Which creators drive the Norway and Sweden sales, are they under agreement, and will they keep working with a new owner?
- How many hours a week do you spend on the app, and on what: creator outreach, development or support?
Growth plays
- Build an Android version from the existing React Native/Expo codebase, which should make the port cheaper than a rebuild.
- Recruit student creators in Denmark and Finland, the closest markets to its Nordic base, and translate the app's interface into Norwegian and Swedish.
- Use RevenueCat to test a limited free tier or trial against the direct-to-paid paywall, and send win-back offers to lapsed weekly subscribers ahead of exam periods.
Nov 8Added to Acumen Wire