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Fonix Mobile

April 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FNX
  • Price:
  • 156p
Fonix, the UK provider of mobile payments and messaging services, announced strong first half results. Total payments volumes (TPV) grew 12% to £138m with record levels of business in November and December. Gross profit as a percentage of TPV increased from 4.7% to 5.1% as it moved away from relatively low margin TPV from voice services. Gross profit increased 20% to £7m driven by 18% growth from mobile payments and 43% growth from mobile messaging. Good cost control meant EBITDA increasing 20% to £5.5m.Fonix has continued investing in its platform to expand internationally including better functionality for multi-currency reporting and automatic direct-to-consumer refunds, which can fuel expansion into transport and ticketing. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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