Fonix Mobile starts year in line with expectations

(Sharecast News) - Payments and messaging specialist Fonix Mobile reported a solid start to its financial year on Tuesday, which aligned with expectations. The AIM-traded firm, holding its annual general meeting, said it had experienced robust income growth from new and existing media clients in the UK and Ireland.

Notably, this week marked the 10th consecutive year that Fonix would facilitate donations for BBC Children In Need.

Fonix said it was committed to its strategic technological investments and exploring new international markets.

Those initiatives aimed to expand its market presence while simultaneously delivering innovative and improved products and services.

"With high levels of repeating revenue and a strong, expanding run-rate from key clients, the board continues to be confident in the growth potential for Fonix for the rest of the financial year and beyond," the company said in its statement.

At 1224 GMT, shares in Fonix Mobile were down 0.01% at 192.49p.

Reporting by Josh White for Sharecast.com.