Mobile payments specialist is looking good
This fast growing mobile payments specialist has issued yet more positive results. With an enticing dividend yield, on top of strong growth potential, notably in overseas markets and through new product developments, it remains an exciting one to follow, as you can discover in our updated research below.
Founded in 2006, with a track record of strong growth and profitability, Fonix (LON:FNX) is a UK focused mobile payments and messaging company. Attractive operating margins and an even more compelling 100% return on equity combined with an extremely cash generative operating model, means there is plenty to like.What does Fonix do? Fonix allows Mobile Network Operators (‘MNOs’) to provide additional services in the form of Carrier Billing, SMS Billing, Messaging and Voice Shortcodes. With connections into all of the major UK MNOs, Fonix has enjoyed extremely strong growth over recent years attracting over 100 clients including ITV, Bauer Media, BT, Global…