In today’s trading update, Fonix has announced FY22 gross profit and adjusted EBITDA that are +2% ahead of our previous forecasts, and highlighted that it has launched in Ireland in the final weeks of FY22, with more clients due to go live in FY23. FY22 organic gross profit growth of +16% to £13.2m has been driven by at least +14% growth across each of its divisions, and as management has focused on scaling more profitable verticals, gross profit as a % of TPV has increased to 5.1% from 4.9% in ....

21 Jul 2022
Fonix Mobile - FY22 gross profit and EBITDA +2% ahead, launched in Ireland

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Fonix Mobile - FY22 gross profit and EBITDA +2% ahead, launched in Ireland
Fonix Mobile PLC (FNX:LON) | 202 0 0.0% | Mkt Cap: 201.5m
- Published:
21 Jul 2022 -
Author:
Andrew Darley | Michael Hill -
Pages:
8 -
In today’s trading update, Fonix has announced FY22 gross profit and adjusted EBITDA that are +2% ahead of our previous forecasts, and highlighted that it has launched in Ireland in the final weeks of FY22, with more clients due to go live in FY23. FY22 organic gross profit growth of +16% to £13.2m has been driven by at least +14% growth across each of its divisions, and as management has focused on scaling more profitable verticals, gross profit as a % of TPV has increased to 5.1% from 4.9% in ....