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 ....
25 Jan 2022
Fonix Mobile - Strong H1 drives FY22 & FY23 EBITDA upgrades of +5%
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Fonix Mobile - Strong H1 drives FY22 & FY23 EBITDA upgrades of +5%
Fonix Mobile PLC (FNX:LON) | 248 0 0.0% | Mkt Cap: 247.2m
- Published:
25 Jan 2022 -
Author:
Andrew Darley | Michael Hill -
Pages:
8
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 ....