Bango Plc (AIM: BGO) allows smartphone and tablet users to pay for apps, games, music and video via one click, which adds the payment to their phone bill. This is known as Direct Carrier Billing (DCB), and Bango take a fee from each transaction going through their system.
Bango’s technology sits on both the app stores and mobile operators servers – acting as an interface between mobile users, the app stores and network operators. And because they are gathering and analysing data from all these parties, they are able to advise partners of potential optimisations – recommendations which help increase end user spend and conversion rates.
Global leaders plugging into Bango include Amazon, Google, Samsung, and Microsoft, and the company have over 140 payment routes activated, with a 40% share of the direct carrier billing market (Progressive Equity Research, March 2016).
Results Details FY2017 Financial performance (year ended 31st January 2017) End User Spend (EUS) increased 105% to £271.4m (FY2016: £132.3m) …
The mobile commerce company Bango (AIM: BGO) have today announced final results for the year ended 31st December 2017. CFO …
Bango Plc (AIM:BGO) held a strategy day in late Jan 2018 and we have made a short summary available below. …
Bango (AIM: BGO), the mobile payments company, announces that it has expanded the use of its platform to provide resale and …
The mobile payments company Bango (AIM:BGO) have partnered with Netflix in Mexico, to manage their carrier billing. For Netflix customers, …
Bango (AIM: BGO), the mobile payments company, announces that following the successful launch of Direct Carrier Billing (DCB) for Amazon …
| P&L | 2015 £~000 | 2016 £~000 |
|---|---|---|
| End user spend | 44.7 | 132.3 |
| Revenue | 1.3 | 2.6 |
| Gross Profit | 1.3 | 2.6 |
| Proft/ (Loss) Before Tax | (5.0) | (4.7) |
| BALANCE SHEET | 2015 £~000 | 2016 £~000 |
|---|---|---|
| Total Assets | 17.4 | 14.1 |
| Total Liabilities | 1.5 | 1.8 |
| Cash & Cash equivalents | 12.1 | 5.7 |
Management
Others
Gartner (Sep 2013)
“Mobile app stores will see 11.1 billion paid-for downloads in 2014.”
IDC Worldwide Quarterly Mobile Phone Tracker 2014
“A total of 1,004.2 million smartphones were shipped in 2013, up 38.4% from 725.3 million in 2012.”
Gartner (Sep 2013)
“In 2013 there were 102 billion app store downloads globally, amounting to $26bn in sales. By 2017, it is projected that there will be 268 billion app downloads annually, amounting to $77bn in revenue.”
This is Money (Aug 2016)
“SMALL CAP IDEAS: Payment processor Bango set to be boosted by stampede for Pokemon Go”
Business Weekly (July 2016)
“Bango payment platform ‘comfortably’ handling $1bn turnover”
Investors Chronicle (July 2016)
“Bango and Nintendo soar on success of Pokémon Go”
Progressive Equity Research (Mar 2016)
“(Bango) offers an attractive combination of a growing market backdrop, strong market positioning, positive operational momentum and a business platform with good headroom for growth. This is all underpinned by a strong financial position. With net cash at 42% of the current market capitalisation, management expect the business to be funded through to profitability..”
