- FLEXIROAM (ASX:FRX) is the fastest growing budget roaming provider in Asia Pacific.
- Offering borderless data in over 100 countries at a fraction of the cost of the traditional roaming.
- Access to over 580 network operators. 100+ travel industry partners. Customer in over 40 countries.
FLEXIROAM X SUBSCRIBER GROWTH
Since its launch in June 2016, FLEXIROAM X has seen an average quarter on quarter growth of 102.8% in its subscriber base and 80.2% in the number of active users for the past 12 months.
FLEXIROAM X DAILY ACTIVE USERS
Past 90 day between Mar 2017 to Jun 2017 has seen a 56% increase of daily active users from 1250 to 1950. The overall trend of daily active users increase is attributed to growth of user base.
FLEXIROAM X RECURRING REVENUE GROWTH
Between Mar to May 2017 the value of recurring transactions grew by 150% from US$20,000 to US$50,000. In May 2017 the number of recurring transactions per month exceeded 1,200 with a average value of over US$41 per recurring transaction.
TOWARDS CASH FLOW POSITIVE
The cost per revenue over the past 6 months has been decreasing due to increasing revenues coupled with reduction in direct cost and consolidation of operation cost.
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About Flexiroam Ltd
FLEXIROAM Limited (ASX:FRX) is a new breed telecommunications company that enables travellers to bypass roaming charges around the world. The Company unveiled its flagship data roaming product, FLEXIROAM X which allows users to earn up to 100GB data to be used in over 100 countries with plans which last up to 1 year.
FLEXIROAM is a telecommunication company that does not own physical infrastructure but connects its users to 580 network operations around the globe making its services available in over 100 countries and territories. The Company was listed on the Australian Securities Exchange (“ASX”) in June 2015 under the code FRX, and is today one of the fastest growing global virtual mobile operator in Asia Pacific.