In today’s trading update, Fonix has announced that its H1 22 gross profit and adjusted EBITDA are ahead of management’s expectations, with H1 gross profit growth of +20% yoy to £7.0m, and H1 adjusted EBITDA growth of +20% to £5.5m. Its strong performance has been driven by continued success across the business, with H1 TPV growing +12% to £138m, active customers increasing to 116 from 111 at FY21, and H1 gross profit as a % of TPV increasing to 5.1% from 4.7% in H1 21, as management has focused ....
