2008 21
Fon latest figures
Published by MartinVarsavsky.net in General with No Comments
Revenues at Fon last month were slightly over 100K euros. Gross margins are over 70%. Cash burn which was over a million euros during December was down to 480K euros in April and is going down to 350K euros in June. This puts us on target to be profitable in the last quarter of 2009. Number of registered Foneros is at 830,000. Number of registered hotspots is 332,000 and of active hotspots at anytime has gone up to 212,000 around the world up from 145,000 in December. Last week we added 6000 hotspots and we are on target to have 300K hotspots by year end. Headcount is 61 employees around the world which is remarkable for a company that is managing the largest and fastest growing WiFi network in the world. Our top countries are UK, France, Japan, Germany, USA, Taiwan, Spain and Italy.
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steven on May 21, 2008 ·
Hi, I just checked maps.fon.com but I could only count upto 206886 hotspots registered and 95324 active today.
I guess you added the BTfon numbers as well which still aren’t added to the maps.fon.com
Also FON isn’t yet web 2.0 aware so the foneros can rate these hotspots; I can’t connect to a fonspot on the 3rd floor and I’ve seen lot’s of fonspots from Asia located in Europe … some seem to put their fonspot not on the correct location 🙁 rating would be nice; so people can see not only the “active” hotspots but also the “used” hotspots…
preferably fon could also add “ip location based” services to their fonmaps… hence there are more foneras still in the “ocean” at long=0,lattitude=0 then there are foneras in the capital of Europe…
Gustavo L on May 21, 2008 ·
Nice to see transparency and congrats on some of the numbers.
Also, your offering should be widely deployed in Latin America. What are the biggest hurdles there? For example, Bolivia which is probably slowest to adopt anything just signed a deal with Alcatel worth millions of dollars to deploy WiMax.
ddluk on May 21, 2008 ·
And what about Poland? You still didn’t reply to my e-mail.
pascal on May 21, 2008 ·
How it’s possible to decrease cash burn (€1’000k > 350K in 6 mouths) without layoff?
Thomas Crampton on May 22, 2008 ·
You forgot the most important financial figure: 5.63 euros.
That is the amount Fon sent me via paypal last month for people using my router for connections.
freechelmi on May 23, 2008 ·
the number of FOn hotspots is really impressing …
But depending on the source of th information , you won’t get the same number of hotspots :
http://maps.francofon.fr/ gives something more like 60 K actifs hotspots , I then don’t think FOn is bigger than anyone .
pedro on May 29, 2008 ·
How do you have so many more Foneros than registered hotspots? How can I become a Fonero without a hotspot? Since many Foneros have more than one hotspot, then the number of Foneros will always be less than the number of hotspots.
But you say there are 830.000 Foneros and only 332.000 registered hotspots!
It means you really do count the Aliens as Foneros – except when you do not.
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steven on May 21, 2008 ·
wasn’t the headcount over 90 people at the start of the year?