TIDMFNX
RNS Number : 8688F
Fonix Mobile PLC
21 July 2021
Fonix Mobile plc
("Fonix" or the "Company")
Full Year Trading Update
Strong earnings growth and expansion into international
markets
Fonix Mobile plc, the mobile payments and messaging provider is
pleased to provide an update on trading for the year ended 30 June
2021 (the "Year").
Financial highlights:
-- Revenue and profit have continued to grow and remain
comfortably in line with management's expectations since Fonix's
admission to trading on the AIM in October 2020.
-- Total Payment Volume ("TPV") of mobile payments grew by 10% to GBP233.4m (FY20: GBP211.7m).
-- Gross profit in the period grew by 13% to GBP11.3m (FY20: GBP10.0m).
-- Adjusted EBITDA(1) in the period grew by 14% to GBP8.8m (FY20: GBP7.7m).
-- Fonix continues to generate strong underlying cash flows and
intends to pay a final dividend for the Year in November 2021, in
line with policy.
Operating highlights:
-- Fonix has continued to attract new customers in all sectors,
with over 100 active customers by the Year end, an increase of 13%
on the previous year.(2)
-- Fonix continues to maintain 100% client retention, with over
99% of income of a repeating nature.
-- Fonix established its first overseas operator connections in
the Year with customer services now integrated and pending launch
in Austria. The business is also in advanced discussions to launch
services in one additional European territory in the coming
months.
-- Fonix continues to support key UK charities with fundraising
from public donations, and the number of active charity clients has
grown significantly in the year. The value of Fonix's offering is
shown by Fonix SMS payments accounting for 81% of the number of
public donations and 57% of the value of public donations made
'on-the-night' to Comic Relief in March 2021.
-- Fonix's three business segments of payments, messaging and
managed services have each grown in the Year, in line with
expectations and the business retains a robust pipeline of
prospects going into the next financial year.
The Board expects to report its audited final results for the
year ending 30 June 2021 on Thursday 23 September 2021.(3)
Outlook:
With high levels of repeating revenue, a strong exit run-rate
for FY21, new supplier connections in international markets and a
growing pipeline of client prospects across all sectors, the Board
continues to be confident in the growth potential for Fonix going
into FY22 and beyond.
Rob Weisz, CEO, commented:
"We're hugely proud of our progress over the last year, managing
the business through a global pandemic, all whilst making the
transition to becoming a public company and continuing to achieve
record levels of profitability.
All our business segments have grown strongly throughout the
year and comfortably in line with expectations. The business has
seen significant growth across the media, charity and gaming
sectors, with those services not being materially impacted by the
pandemic. The business continues to develop products and features
which deliver growth and expansion in these areas.
In addition, we've laid some solid foundations for international
expansion this year and we expect international markets to start
making a significant contribution to growth in the coming
years."
Notes:
All financials based on unaudited figures.
(1) Adjusted EBITDA excludes share-based payment charges and AIM
admission costs along with depreciation, amortisation, interest and
tax from the measure of profit.
(2) Active customers are those generating more than GBP500 in
gross profit in the previous 12-months.
(3) All financial numbers constrained within this announcement
remain subject to audit.
Enquiries
Fonix Mobile plc Tel: +44 20 8114 7000
Robert Weisz, CEO
Michael Foulkes, CFO
finnCap Ltd (Nomad and Broker) Tel: +44 20 7220 0500
Jonny Franklin-Adams / Seamus Fricker (Corporate Finance)
Alice Lane / Sunila de Silva (ECM)
About Fonix
Founded in 2006, Fonix provides mobile payments and messaging
services for clients across media, telecoms, entertainment,
enterprise and commerce.
When consumers make payments, they are charged to their mobile
phone bill. This service can be used for ticketing, content, cash
deposits and donations. Fonix's service works by charging digital
payments to the mobile phone bill, either via carrier billing or
SMS billing. Fonix also offers messaging solutions.
Based in London, Fonix is a fast growth business driven by blue
chip clients such as ITV, Bauer Media, BT, Global Media, Comic
Relief and Children in Need to name a few.
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END
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