AIM’s winning arena
Our update here covers positive trading updates and results from AIM companies supporting online payments and foreign exchange. Elsewhere there was another cautious update from one of AIM's online wine retailers while another business carries a bit too much debt for comfort. Read on here for this and other news.
Boku: in the right direction, but the valuation looks rich to us US based Boku (AIM:BOKU), the provider of global mobile payment solutions, issued an encouraging trading update for its financial year ending 31 December 2022. Revenue for the year is expected to be at least $63.3m (2021: $62.1m), despite significant currency headwinds; on a constant currency basis, revenue is 14% higher. Adjusted EBITDA is expected to be at least $20.0m (H1 2022: $9.5m), in line with market expectations, despite being impacted by currency headwinds and continued investment in Boku's mobile-first payment network. Total Group cash was $116.3m at year-end,…