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10 Sep 2019 | 10:31

Boku in need of 'good' second half to meet expectations after losses widen on rising costs

Boku reported wider losses as surge in costs offset a sharp uptick in revenue on the back of rising payment volume and monthly user growth.

For the six months ended 30 June 2019, pre-tax losses widened to £ 2.5m from £0.56m a year earlier, while revenue increased 39% to $23.5m.

The company said it would need a 'good' second half in order to deliver on guidance for $52m of revenue, gross margins of 93% in payments and 40% in identity, leading to adjusted earnings (EBITDA) growth of between 45% and 50%.

At 10:31am: (LON:BOKU) Boku Inc. share price was +1p at 103p

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