Business
Results for the year ended 31 December 2019
Results for the year ended 31 December 2019.
About this update from Boku, Inc.
[{"type":"text","content":"\n \n \n RNS Number : 6395H\n Boku Inc\n 26 March 2020\n \n \n \n \n 26 March 2020\n \n \n \n \n \n Boku Inc.\n \n \n (\"Boku\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Results for the year ended 31 December 2019\n \n \n \n \n \n Boku (AIM: BOKU), the world's leading independent carrier commerce company, today announces its audited results for the year ended 31 December 2019.\n \n \n Financial Highlights\n \n \n \n \n \n \n · \n \n \n \n \n Revenue of $50.1 million up 42% on 2018 (2018: $35.3 million)\n \n \n \n \n \n \n · \n \n \n \n \n Adjusted EBITDA* 17% higher at $7.4 million (2018: $6.3 million). Revenue includes $3.3m of non-recurring Payments Revenue; to better reflect underlying performance, this non-recurring revenue is excluded from Adjusted EBITDA\n \n \n \n \n \n \n · \n \n \n \n \n Payments division performed well with Revenues increasing to $43.5 million, delivering a 100% increase in Adjusted EBITDA of $12.8 million (2018: $6.3 million)\n \n \n \n \n \n \n · \n \n \n \n \n Net Profit after Tax of $0.4 million compared with Net Loss after tax of $4.3 million for 2018\n \n \n \n \n \n \n · \n \n \n \n \n Closing cash balances as at 31 December 2019 were $35.6 million - compared with $32.3 million at 31 December 2018\n \n \n \n \n \n \n · \n \n \n \n \n Monthly average cash balances in December 2019 were $22.4 million, compared with $22.2 in June 2019 and $24.4 million in December 2018\n \n \n \n \n \n \n \n \n \n Operational Highlights\n \n \n \n \n \n \n · \n \n \n \n \n Total Payment Volumes (\"TPV\")** of $5.0bn for 2019 compares with $3.6bn in 2018. Growth was steady throughout the year with volume in H2 2019 $418 million higher than in H1 2019\n \n \n \n \n \n \n · \n \n \n \n \n Monthly Active Users (\"MAU\") of the Boku Payments Platform in December 2019 increased to 17.8 million, up 2.6 million from the half year and 4.4 million higher than December 2018\n \n \n \n \n \n \n · \n \n \n \n \n During 2019 nearly 19 million end-users made their first transaction through Boku\n \n \n \n \n \n \n · \n \n \n \n \n Good progress on building out Mobile Wallets\n \n \n \n \n \n \n · \n \n \n \n \n Integration of Identity business which was created following the acquisition of Danal Inc on 1 January 2019, for a total finalised cost of $25.1 million\n \n \n \n \n \n ...