facebook facebook Vonex quarterly results fly high on the back of Qantas partnership | Vonex
News & Insights

Vonex quarterly results fly high on the back of Qantas partnership

dummy banner

Telecommunications company Vonex (ASX: VN8) has posted healthy results for the September quarter, adding $1.64 million in new retail and wholesale business and recording a 25% quarter-on-quarter increase.

More than half of the new sales were driven by the Qantas Business Rewards (QBR) program, launched in August in partnership with Qantas Airways (ASX: QAN).

Under the terms of the partnership, Vonex is providing a voice over internet protocol (VoIP) and hosted phone system to the program, enabling the QBR program’s 250,000 small-to-medium business members to earn unlimited monthly QBR points for every purchase made through Vonex’s monthly ONdesk cloud‐based phone plans.

Plans include Vonex’s Traveller app, and Commercial, Business, or Executive advanced plans which are accompanied by the Yealink T5 series of advanced IP desktop phones with built‐in Bluetooth and WiFi.

Business customers were also eligible to earn up to 5,000 bonus points for taking up ONdesk cloud‐based phone plans before year end.

“In addition to stimulating active user and revenue growth, the [Qantas] rewards alliance has improved the quality of [its] book of business, attracting longer-term contracts of typically three years rather than two, and higher minimum spend commitments of typically $30 to $50 per user per month,” the company reported.

Vonex’s recently-launched digital marketing strategy had an immediate impact on quarterly figures, delivering a 29% increase in monthly leads generated from social media ad campaigns alongside a 6% reduction in marketing spend.

Vonex managing director Matt Fahey welcomed the positive results.

“We are pleased to see our key success metrics of user growth, new sales and total contract value all continuing to trend positively – it reflects the strength of our proposition to new and existing business customers, and reinforces the value of our alignment with Qantas, which presents significant ongoing growth potential,” he said.

“We are now reaping the benefits of having revitalised our marketing campaigns in recent months and have built a solid platform for sustainable growth in our retail business.”

Mr Fahey said the company recently surpassed 33,000 registered active subscribers – or Private Branch Exchange (PBX) users – to its cloud-based phone system platform and cited the achievement as a key indicator of business development progress as it chases the multi-billion-dollar Australian market for telco services to small and medium enterprises.

At midday, shares in Vonex were trading 7.14% higher at $0.09, while shares in Qantas Airways were down 0.16% to $6.31.

Related Posts
dummy banner

Vonex shares respond positively to stellar June half performance

Telecommunications innovator Vonex Limited (ASX:VN8) has provided a promising update on its retail business with the group achieving total contract value (TCV) of new customer sales of $3.7 million in the June half. This represented year-on-year growth of 65%, illustrating its resilience during the height of the COVID-19 period. Of further encouragement was the exceptional

Read article
dummy banner

Vonex surges 10% as strong growth continues across its businesses

Shares in telecommunications innovator Vonex Limited (ASX:VN8) were up 10% at lunchtime after the company provided an extremely positive update in relation to the company’s operational progress across its wholesale, retail and development arms. Of particular note was the successful integration of the new 2SG wholesale business and expansion of the company’s established, but fast-growing

Read article
dummy banner

Vonex (ASX:VN8) raises $1.4M to fund future growth plans

Telecommunications provider Vonex (VN8) has completed its institutional placement, raising a total $1.4 million to fund future growth initiatives Under the terms of the financing, the company issued a total of 14,736,843 shares at a price of 9.5 cents each Such a price represents a 13.6 per cent discount compared to the company’s last closing

Read article
dummy banner

Vonex shares rise after achieving remarkable growth in recurring revenue

The company has increased its annualised recurring revenue by more than 85% during FY20, with the acquisition of 2SG Wholesale a major contributor to this growth. Vonex Ltd (ASX:VN8) is seeing continued growth in annualised recurring revenue (ARR) underpinned by sustained sales momentum and well-executed mergers and acquisitions. The ARR has increased more than 85%

Read article
dummy banner

NWR Virtual Small Cap Conference Presentation

If you are interested in the progress of Vonex from an investment perspective, watch our CEO Matthew Fahey presenting at the NWR Virtual Small Cap Conference. This is a great opportunity to learn more about our focus, success to date and more. Watch here: Investor Presentation

Read article