Boku Plc achieved growth across all KPIs

Jon Prideaux, Chief Executive of Boku Inc, Commented: “2017 has been a year of significant growth for Boku , we’ve achieved growth across all of our KPIs as well as completing our successful admission to AIM in November. I look forward to 2018 with considerable optimism, all of our forward indicators are on green and the graphs are moving up and to the right. With revenue growth, a stable cost base and sufficient cash to finance our working capital and investment needs, we are confident that the Company will continue to make substantial progress in 2018.

I wish to thank our new shareholders, customers and carrier partners for their support and confidence in our business, and our employees for the extraordinary job that they do every day.”

Boku (LON:BOKU), the world’s leading independent direct carrier billing company, today announced its final audited results for the year ended 31 December 2017.

Financial Highlights

 
      --   *Adjusting for expenses related to the IPO, Net Loss reduced 
            by 64% to $7.4 million (2016: $20.6 million) 
      --   Reported Net Loss including IPO effects $28.1 million 
      --   Revenue up 42% to $24.4 million (2016: $17.2 million) 
      --   **Adjusted EBITDA losses improved by 81% at $2.3 million (2016: 
            $12.3 million) 
      --   $20.2 million gross cash at year end 

Operational Highlights

 
      --   Total Payment Volume (TPV) tripled to over $1.7 billion (2016: 
            $554 million) 
      --   45 new Boku Account connections for major customers such as 
            Apple, Microsoft and Spotify 
      --   MTS and EE Google migrations completed, respectively the largest 
            carriers in Russia and the UK 
      --   Increase in Monthly Active Users to 8.1m, an increase of 241% 
      --   Admission to AIM in November 2017 

* Adjusted for $18.5 million Financing Charge related to conversion of Convertible Debt, and $2.2 million of IPO expenses

**Adjusted EBITDA: Adjusted for IPO costs, stock option expenses, Forex gains/losses and Exceptional items

 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Boku Inc.

More articles like this

Boku Inc.

Boku CEO on target to double revenues in the medium term (LON:BOKU)

Boku’s Jon Prideaux discusses financial highlights, local payment methods, 50 new launches with new merchants in 27 countries, reaching over 7.5 billion end user accounts, and what can we expect to see from the group over the next year in this exclusive interview with DirectorsTalk.

Boku Inc.

Boku strong performance continues in H2 with revenues up 26%

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced the following unaudited interim results for the six months ended 30 June 2023. Group Highlights Financial Highlights ●     Revenues up 26% to $38.2m in H1 (H1 2022: $30.3m) and up

Boku Inc.

Boku, Inc. Results, Investor Webinar and Analyst Briefing

Boku Inc (LON:BOKU), a leading global mobile payments company, has stated that it will announce its results for the six months ended 30 June 2023 on Tuesday 26 September 2023. Analyst Briefing The Company’s management will be hosting a

Boku Inc.

Boku appoints Stuart Neal as Chief Executive Designate

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced that Jon Prideaux, the Company’s Chief Executive Officer, has informed the Board of his intention to retire from his role on 31 December

Boku Inc.

Boku H1 revenues expected to be at least $37.5m, up 24%

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced the following unaudited trading update for the six months ended 30 June 2023 Financial Highlights ·    Revenues for the half year ended 30 June 2023 expected

Boku Inc.

Boku extends share buyback programme

Boku Inc (AIM: BOKU), a leading provider of mobile payment solutions, has announced that its board of directors has approved an extension to the share buyback programme, which commenced on 7 July 2022, for a further

Boku Inc.

Boku AGM to be held on Wednesday 28 June 2023

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced that it has posted its notice of Annual General Meeting to stockholders. Copies of the notice of AGM and proxy form are available to

Boku Inc.

Boku: A new phase of faster growth (LON:BOKU)

Boku’s Jon Prideaux discusses highlights from their 2022 FY results, what’s driving growth, new customer wins and what we can expect in the next year in this exclusive interview with DirectorsTalk.