Boku billing growth continues

Digital payments and fraud prevention services provider Boku (LON: BOKU) has already announced the main details of the 2019 figures. More news on the progress of the underlying operations should be forthcoming in the announcement on Thursday.

Revenues increased from $35.3m to $50m-$50.5m – the lower end of the previous range. Payments revenues were 23% higher, although that includes one-off payments of $3.2m. EBITDA increased from $6.3m to more than $10m, with a contribution from payments and a loss by the identity business. There was $35.6m in the bank at the end of 2019.

Boku gets paid...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.