Following Fonix’s IPO in October 2020, today’s H1 trading update demonstrates continued growth that is comfortably in line with management’s expectations. Total Payment Volume (TPV) has grown +18% in H1 to £123m, as Fonix has successfully executed on its strategy to grow with both new and existing customers, including the BBC Children in Need campaign in November where Fonix’s platform handled £13.9m of the total £40.1m of donations. Increased levels of customer activity have driven +21% growth ....
28 Jan 2021
Fonix Mobile - Strong H1 trading update, target price upgraded to 200p
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Fonix Mobile - Strong H1 trading update, target price upgraded to 200p
Fonix Mobile PLC (FNX:LON) | 248 12.4 2.1% | Mkt Cap: 247.2m
- Published:
28 Jan 2021 -
Author:
Andrew Darley | Michael Hill -
Pages:
7
Following Fonix’s IPO in October 2020, today’s H1 trading update demonstrates continued growth that is comfortably in line with management’s expectations. Total Payment Volume (TPV) has grown +18% in H1 to £123m, as Fonix has successfully executed on its strategy to grow with both new and existing customers, including the BBC Children in Need campaign in November where Fonix’s platform handled £13.9m of the total £40.1m of donations. Increased levels of customer activity have driven +21% growth ....