Mobile payments specialist impresses again
This fast growing mobile payments specialist has issued yet more excellent results. This business has delivered fabulous returns since arriving on AIM in 2020. With an enticing dividend yield, on top of the strong growth potential, 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 Mobile (LON:FNX) is a UK focused mobile payments and messaging company. For its last full financial year ending June 2023 (over a period when many businesses struggled) its small team of 40 or so talented individuals based in London grew revenues 12% to £64.9m and operating profits by 10% to £10.5m, resulting in an attractive operating margin of 16% 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? Fonix…