Following Fonix’s IPO in October 2020, H1 results demonstrate strong growth that is comfortably in line with unchanged expectations. Successful strategic execution to expand with existing clients has led to H1 TPV growth of +18%, and no churn, while adding 21 new clients from a robust pipeline of opportunities. H1 revenue has grown +25%, while gross profit has increased +22% to £5.8m, with gross margin as a % of TPV marginally increasing to 4.7% from 4.6%. The strong operating leverage of Fonix’ ....
22 Feb 2021
Fonix Mobile - Strong H1 results with +28% EBITDA growth
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Fonix Mobile - Strong H1 results with +28% EBITDA growth
Fonix Mobile PLC (FNX:LON) | 248 0 0.0% | Mkt Cap: 247.2m
- Published:
22 Feb 2021 -
Author:
Andrew Darley | Michael Hill -
Pages:
12
Following Fonix’s IPO in October 2020, H1 results demonstrate strong growth that is comfortably in line with unchanged expectations. Successful strategic execution to expand with existing clients has led to H1 TPV growth of +18%, and no churn, while adding 21 new clients from a robust pipeline of opportunities. H1 revenue has grown +25%, while gross profit has increased +22% to £5.8m, with gross margin as a % of TPV marginally increasing to 4.7% from 4.6%. The strong operating leverage of Fonix’ ....