Vonex notches 24,000 active PBX users
Vonex Limited (ASX:VN8) has reached 24,000 registered private branch exchange (PBX) users as of the end of July 2018.
The company’s PBX users are now growing by 500 per month and are expected to surge as its marketing goes into full swing around NBN rollout areas. This growth represents a 28% year-on-year gain in PBX users, from 18,700 users in July 2017.
Building on its recent partnership with CounterPath, VN8 will shortly launch its own branded version of Bria (VoIP and video calling software) with its existing suite of VN8 VoIP and hosted PBX services.
This platform will be made available to existing VN8 business and channel customers.
As always, this is a speculative stock so investors should seek professional financial advice if considering this stock for their portfolio.
The company believes there are additional enterprise clients that will benefit from its service offering that it had not previously targeted.
PBX user growth is mainly derived from channel partner sales, a large network of qualified sales partners that VN8 collaborates with. VN8 has launched a trial marketing campaign in the Southeastern Queensland region to acquire data – ahead of major capital cities launch in October 2018.
An update on the marketing trial will be provided in the coming months.
Existing clients of VN8 wholesale will progressively transfer their PBX users over to the company’s hosted platform. This process will be accelerated over the next two months as several major VN8 wholesale clients finalise their switchover to VN8 architecture.
VN8 Managing Director Matthew Fahey commented on the PBX user milestone, “Management is extremely pleased with the growth in registered users over the past 12 months considering the resources allocated towards the Company’s successful IPO in June 2018.
“With the injection of funding, the new marketing campaign and the collaboration with CounterPath, the Company is well positioned to further ramp up its PBX user base which will translate to tangible revenue growth.”
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.