2017 AGM Investor Update
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.
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About Flexiroam Ltd
FLEXIROAM Limited (ASX:FRX) is a leading telecommunications company offering universal voice and data services for mobile users globally. Its flagship data roaming product, FLEXIROAM X has coverage in over 100 countries with 4G speed in over 56 countries. FLEXIROAM is an asset light telecommunications company that does not own physical infrastructure yet is able to connect to around 580 network operators globally. FLEXIROAM aspires to be a household name in borderless mobile broadband service in Asia and beyond. Please visit http://www.flexiroam.com