Mobile payments specialist is growing fast overseas
This fast growing mobile payments specialist has issued another impressive set of results. It has delivered fabulous returns since arriving on AIM in 2020. With an enticing dividend yield, on top of the strong growth potential, notably in overseas markets, it remains an exciting one to follow, as you can discover in our updated research below. (Premium)
Founded in 2006, with a track record of strong growth and profitability, Fonix (LON:FNX) is a UK focused mobile payments and messaging company. For its last full financial year ending June 2024 (over a period when many businesses have struggled) its small team of 50 or so talented individuals based in London grew gross profit 18% to £17.9m and pre-tax profits by 27% to £14m, resulting in an attractive operating margin of 18% and an even more compelling 100% return on equity. It has the added attraction of an extremely cash generative operating model, which we cover in more detail below.What does Fonix do?…