- First-half revenue up 19 per cent to $24.1mn
- Underlying cash profit of $4mn, reverses small loss of $0.2mn in 2023
- Closing net debt of $5mn
- Full-year cash profit forecast to increase 162 per cent
Aim-traded Bango (BGO:145p), a mobile payment platform provider, has released a strong pre-close trading update ahead of its first-half results in September 2024.
The key take was the 130 per cent growth in annual recurring revenue (ARR) to $12.9mn. It was driven by a combination of new customer wins and growth from the group’s digital vending machine (DVM) service. Specifically, DVM enables customers of telecom companies to manage and pay for all their subscriptions in a single place and on one bill.