Another record high for Vonex; hits 26,000 users
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Telecommunications innovator, Vonex (ASX:VN8), continues to deliver consistent user growth, reaching a record-smashing 26,000 registered PBX (private branch exchange) users.
Growth in cloud-based PBX registrations is a key indicator of Vonex’s business development progress as it hones in on the multi-billion-dollar Australian market for telco services to small and medium enterprises (SMEs).
The image below shows VN8’s delivery of consistent growth in PBX registrations over the past two years.
In the last 12 months, Vonex has grown its PBX user base by around 22% — up from 21,000 users as at January 2018.
Factors driving this customer and user growth include the continued rollout of the NBN in metropolitan areas, the company’s commencement of online marketing to all states late last year following completion of pilot marketing testing, as well as improved engagement with new and existing channel partners.
Vonex’s channel partners are helping to accelerate its business growth by selling the company’s proprietary technologies, including its cloud-based PBX and Vonex-branded traditional mobile, internet and business phone systems.
Registered PBX users are continuing to grow at a rate of approximately 500 users per month and are expected to accelerate as stage two of Vonex’s marketing program gains traction, continuing to target Australia’s capital cities.
Vonex is a full service, award-winning telecommunications service provider, selling mobile, internet, traditional fixed lines, and hosted PBX and VoIP services — predominately to SME customers under the Vonex brand. Its platform clients include the likes of Menulog, Groupon, Deliveroo, Australian Federal Police and Air India.
It also provides wholesale customers, such as internet service providers, with access to the core Vonex PBX and call termination services via a white label model.
On top of that, VN8 develops new technologies in the telecommunications industry, including a feature-rich cloud-hosted PBX system. It’s also developing the Oper8tor app — a multi-platform real-time voice, messaging and social media app that allows users to connect with all social media friends, followers and contacts across multiple social media networks, all consolidated into one app.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
