Business
Final Results
Final Results.
About this update from Boku, Inc.
[{"type":"text","content":"\n \nRNS Number : 9526T Boku Inc 26 March 2019 \n\n26 March 2019\nBoku, Inc.\n(\"Boku\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \nFinal Results\n \nBoku (AIM: BOKU), the world's leading independent direct carrier billing company, today announces its final audited results for the year ended 31 December 2018.\n \nFinancial Highlights\n\n\n\n\n· \n\n\nRevenue up 45% to $35.3m (2017: $24.4m)\n\n\n\n\n· \n\n\nAdjusted EBITDA $6.3m vs. 2017 Adjusted EBITDA** loss ($2.3m)\n\n\n\n\n· \n\n\nReported Net loss of $4.3m down 85% (2017: $28.1m)\n\n\n\n\n· \n\n\n$32.3m Gross cash at year end (31 December 2017: $20.2m)\n\n\n\n\n· \n\n\nMonthly average cash balances of $24.4m (2017: $19.2m)\n\n\n\n\n \nOperational Highlights\n\n\n\n\n· \n\n\nTotal Payment Volume (TPV) doubled to over $3.6bn (2017: $1.7 billion)\n\n\n\n\n· \n\n\n13.5 million Monthly Active Users (MAU) in December 2018 (December 2017: 8.0 million)\n\n\n\n\n· \n\n\n70 new Boku Account connections for major customers such as Apple, Microsoft and Spotify (2017: 45)\n\n\n\n\n· \n\n\nAcquisition of mobile identity business, Danal Inc.on 1 January 2019\n\n\n\n\n \n**Adjusted EBITDA: Earnings before interest, tax, depreciation and amortisation, adjusted for stock option expenses, forex gains/losses and exceptional items \n \nJon Prideaux, Chief Executive of Boku Inc, commented: \"2018 has been a transformational year for Boku; two major milestones include reporting our maiden positive Adjusted EBITDA for the whole year and the acquisition of mobile identity business, Danal Inc. We've delivered growth on all of our KPIs illustrated at both the top and bottom lines.\n \n\"We believe that 2019 will be another year of exceptional growth as we continue to build upon our strong Payments business, growing Identity business, and our state of the art platform to deliver further products and services to our customers.\" \n \nCapital Markets Day\n \nBoku will hold a Capital Markets Day for institutional investors and analysts on Wednesday 22 May 2019. The event will be held in London, with the venue and...