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 ....
