LONDON (Alliance News) - Boku Inc on Monday said it anticipates to report sharp rise in annual revenue due to increase in the processed value of transactions across the company's platform.
The billing company expects revenue for the year to the end of December to be in the range of USD34.8 million to USD35.3 million, up 40% from USD24.4 million reported for 2017.
The total processed value in 2018 was USD3.6 billion, more than doubled from USD1.7 billion reported the year prior, with number of monthly active users of the Boku platform in December growing to 13.5 million from 8.0 million year-on-year.
In December, Boku completed the acquisition of mobile identity platform Danal Inc, which is expected to help the company to extend its existing carrier connection skills across a materially larger market.
"At peak, the Boku platform handled around 220 transactions per second during the second half of 2018 - a new record," said Chief Executive Jon Prideaux.
"Processing this volume, at this level, with broadly flat costs, re-emphasises our position as the scale player within our market and has helped us to project that our adjusted earnings before interest, taxes, depreciation, and amortization for the year will meet or modestly exceed market expectations," added Prideaux.
Boku shares were trading 1.5% higher on Monday at 83.74 pence each.
Boku (BOKU)