Boku Inc (LON:BOKU), the world’s leading independent direct carrier billing company, today announced its final audited results for the year ended 31 December 2017.
Financial Highlights
· *Adjusting for expenses related to the IPO, Net Loss reduced by 64% to $7.4 million (2016: $20.6 million)
· Reported Net Loss including IPO effects $28.1 million
· Revenue up 42% to $24.4 million (2016: $17.2 million)
· **Adjusted EBITDA losses improved by 81% at $2.3 million (2016: $12.3 million)
· $20.2 million gross cash at year end
Operational Highlights
· Total Payment Volume (TPV) tripled to over $1.7 billion (2016: $554 million)
· 45 new Boku Account connections for major customers such as Apple, Microsoft and Spotify
· MTS and EE Google migrations completed, respectively the largest carriers in Russia and the UK
· Increase in Monthly Active Users to 8.1m, an increase of 241%
· Admission to AIM in November 2017
* Adjusted for $18.5 million Financing Charge related to conversion of Convertible Debt, and $2.2 million of IPO expenses
**Adjusted EBITDA: Adjusted for IPO costs, stock option expenses, Forex gains/losses and Exceptional items
Jon Prideaux, Chief Executive of Boku Inc, Commented: “2017 has been a year of significant growth for Boku , we’ve achieved growth across all of our KPIs as well as completing our successful admission to AIM in November. I look forward to 2018 with considerable optimism, all of our forward indicators are on green and the graphs are moving up and to the right. With revenue growth, a stable cost base and sufficient cash to finance our working capital and investment needs, we are confident that the Company will continue to make substantial progress in 2018.
“I wish to thank our new shareholders, customers and carrier partners for their support and confidence in our business, and our employees for the extraordinary job that they do every day.”
