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Boku Inc (BOKU)

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Wednesday 22 May, 2019

Boku Inc

Capital Markets Day, AGM and Trading Update

RNS Number : 7697Z
Boku Inc
22 May 2019
 

22 May 2019

 

Boku, Inc.

("Boku" or the "Company" and, together with its subsidiaries, the "Group") 

 

Capital Markets Day, AGM and Trading Update

 

Capital Markets Day

 

Boku (AIM: BOKU), the world's leading independent carrier commerce company, is hosting a Capital Markets Day for institutional investors and analysts later today.

The event will be hosted by Jon Prideaux, Chief Executive Officer, and Stuart Neal, Chief Financial Officer, together with other members of the senior management team and will provide guests with an overview of the Boku's strategy followed by a deeper dive into the Boku platform. Management will then discuss the opportunities in Boku's core markets: payments and identity as well as giving further insight into its growing international customer base.

No material new information will be provided and the presentation materials will be made available on the Company's website www.boku.com/investor-relations/ following the event.

Annual General Meeting

 

Following the Capital Markets Day, Boku will today hold its 2019 Annual General Meeting at the same venue at 1.00pm.

 

Trading Update

 

The Company's trading since the results for the year ended 31 December 2018, released in March 2019, continues to be in line with management expectations. The anticipated continued growth in the Payments business and investment in Identity give the Board confidence that the Company will hit at least management's revenue projection of $52 million for 2019. Trading in Identity is gaining momentum and gross margins are projected to remain strong.

 

In Payments, for the first four months of 2019 TPV (Total Payment Volume) reached $1.6bn, an increase of 64% over the same period last year (4M-2018: $989 million). Average MAU (Monthly Active Users) over the same period were 14.6 million, an increase of 56% over the same period last year (4M-2018: 9.4 million). In Identity, monitored numbers reached 69.8 million, an increase of 458% over the same period last year (4M-2018: 12.5 million) and billable transactions totalled 102 million, an increase of 106% over the same period last year (4M-2018: 49.7 million).

 

Enquiries:

 

Boku, Inc.

Jon Prideaux, Chief Executive Officer

Stuart Neal, Chief Financial Officer

 

+44 (0)20 3934 6630

 

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight / Peter Stewart / Nick Prowting

 

 

+44 (0)20 7418 8900

 

IFC Advisory Limited (Financial PR & IR)

Tim Metcalfe / Heather Armstrong / Florence Chandler

 

 

+44 (0)20 3934 6630

 

Notes to Editors

 

Incorporated in 2008, Boku is the world's leading independent carrier commerce company. Boku's platform, which is linked to billing, identity and sales systems of more than 170 mobile network operators, simplifies transacting on mobile devices.

 

Boku's payment products enable mobile phone users, of which there are more than five billion worldwide, to buy goods and services and charge them to their mobile phone bill or pre-pay balance. Its identity products are used to verify user details. Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify, Square, Sony and Western Union use Boku to simplify sign-up, acquire new paying users as a convenient and secure payment method and prevent fraud.

 

 

 


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