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Vonex Ltd (ASX:VN8)

 
VNX announced today (7 November 2019) that the number of active private branch exchange (PBX) users registered on Vonex’s cloud-based platforms increased by 1,000 to 35,000 in early-November from 34,000 in mid-October. In addition, VNX indicated that from this point on, the group will now announce each 2,500 users’ net growth (instead of the existing method of reporting each 1,000 users net growth). Lastly, VN8 disclosed a new metric: annualised recurring revenue (ARR). As at September 2019, VN8 calculates its ARR at ~A$9.1m.
 
7/11/2019 3:00:00 PM

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