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Boku Inc.

Boku Inc Gross margins are projected to remain strong

Boku Inc (LON: BOKU), the world’s leading independent carrier commerce company, is hosting a Capital Markets Day for institutional investors and analysts later today.

The event will be hosted by Jon Prideaux, Chief Executive Officer, and Stuart Neal, Chief Financial Officer, together with other members of the senior management team and will provide guests with an overview of the Boku’s strategy followed by a deeper dive into the Boku platform. Management will then discuss the opportunities in Boku’s core markets: payments and identity as well as giving further insight into its growing international customer base.

No material new information will be provided and the presentation materials will be made available on the Company’s website www.boku.com/investor-relations/ following the event.

Annual General Meeting

Following the Capital Markets Day, Boku will today hold its 2019 Annual General Meeting at the same venue at 1.00pm.

Trading Update

The Company’s trading since the results for the year ended 31 December 2018, released in March 2019, continues to be in line with management expectations. The anticipated continued growth in the Payments business and investment in Identity give the Board confidence that the Company will hit at least management’s revenue projection of $52 million for 2019. Trading in Identity is gaining momentum and gross margins are projected to remain strong.

In Payments, for the first four months of 2019 TPV (Total Payment Volume) reached $1.6bn, an increase of 64% over the same period last year (4M-2018: $989 million). Average MAU (Monthly Active Users) over the same period were 14.6 million, an increase of 56% over the same period last year (4M-2018: 9.4 million). In Identity, monitored numbers reached 69.8 million, an increase of 458% over the same period last year (4M-2018: 12.5 million) and billable transactions totalled 102 million, an increase of 106% over the same period last year (4M-2018: 49.7 million).

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.