@flexiroam sent an email with the following highlights to the investors this afternoon..
Some key highlights:
Flexiroam experienced an increase in consumer sales by 137% in the half year period ending 30 September 2017 as compared to the half year period ending 30 September 2016, helping to move the revenue from being strongly reliant on corporate sales to a more balanced revenue from both corporate and consumer sales.
The number of monthly active users has seen an increase of 38% from May 2017 to October 2017, with an average of 1.16 transactions per paying user.
The number of packs distributed to partners has almost doubled, growing from 25,790 packs in July 2017 to 49,910 packs in October 2017. Among the customers derived from these partners, there has been a surge of 218% in customers who upgraded their data plans from 701 users to 2,231 users.
To date, Flexiroam has formed strategic partnerships with over 150 distribution partners from 37 countries, granting it added visibility in various locations worldwide, including 29 airport stores.
This led to a rapid global expansion in the geographical spread of Flexiroam’s subscribers, bringing the total number of countries with subscribers to 180.
FRX Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
