Mobile joy and Bonkers Bargain update
Results and updates covered here include excellent numbers from a mobile payments specialist. An acquirer of scientific instrument companies is also performing well, while the valuation of another business is perplexing, at least to us! Read on here for more on these and other news stories from AIM.
Aquis Exchange: interesting business, but… Aquis Exchange (AIM:AQX), the exchange services group, announced results for the six months ended 30 June 2022. While net revenue increased 21% to £8.3m, EBITDA was marginally lower at £1.4m (1H21: £1.6m) following a significant investment in technology and development headcount to drive future growth. Membership of Aquis Exchange (AQX) grew to 42 (1H21: 39), with a small decline in average monthly usage reflecting more volatile market conditions. Their market share of all pan-European trading also ended the period marginally lower at 5.20% in (4Q21: 5.35%) There were 12 new admissions to the Aquis Stock…