The Globally Unified Voice and Data Provider
Perth, June 15, 2017 AEST (ABN Newswire) - Flexiroam Ltd (
ASX:FRX) is pleased to provide the Company's latest Investor Presentation titled "The Globally Unified Voice and Data Provider".
KEY MILESTONES
- 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.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/N1686H6D
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 https://www.flexiroam.com
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