Flexiroam Ltd (ASX:FRX) provide the 2017 AGM Investor Update with the following significant highlights.
Since its launch in June 2016, FLEXIROAM X has seen an average quarter on quarter growth of 73.3% in its subscriber base and 64.1% in the number of active users for the past year.
Since the start of 2017, we have demonstrated strong active traveller growth, with a 70% increase from 4630 active travellers in January 2017 to 7870 active travellers in July 2017.
We've experienced exponential growth rates in our recurring revenues. July's recurring revenue growth rate amounted to 22.4% (US$67,000 to US$82,000) while the number of recurring transactions per month exceeded 2,000 with an average value of around US$40 per recurring transaction.
The total cost per revenue over the past 7 months has been decreasing month-on-month by 15.3% due to increasing revenues coupled with reduction in direct cost and consolidation of operation cost.
To view the presentation, please visit:
Flexiroam Ltd Jef Ong Managing Director T: +61-8-62252364 E: firstname.lastname@example.org Investor Relations Jason Khoo Vice President, Global Business Development T: +61-2-81034843 E: email@example.com
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