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).
We recently interviewed Ray Anderson and Carolyn Rand, CEO and CFO of Bango plc. The company has made good progress …
AIM-listed Bango this morning announced Financial Results for the year to 31 December 2018. End User Spend (EUS) increased 106% to …
AIM-listed payments software business Bango (LON: BGO) recently held a strategy day the highlights of which are below. The big …
Bango (AIM: BGO), the mobile commerce company, today announces its unaudited interim results for the six months ended 30 June …
AIM listed Bango plc (AIM:BGO) this morning released a Trading Update for the 6 months to 30th June 2018. Growth …
Results Details FY2017 Financial performance (year ended 31st January 2017) End User Spend (EUS) increased 105% to £271.4m (FY2016: £132.3m) …
| P&L | 2018 £~m | 2017 £~m |
|---|---|---|
| End user spend | 558.2 | 271.4 |
| Revenue | 6.62 | 4.15 |
| Gross Profit | 5.82 | 4.15 |
| Proft/ (Loss) Before Tax | (3.5) | (3.9) |
| BALANCE SHEET | 2018 £~m | 2017 £~m |
|---|---|---|
| Total Assets | 19.76 | 13.97 |
| Total Liabilities | 3.79 | 3.3 |
| Cash & Cash equivalents | 3.81 | 4.85 |
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 (Mar 2018)
“SMALL CAP IDEAS: Payments platform Bango surges on strong growth prospects with end-user spend doubling to £271m”
Investors Chronicle (July 2018)
“Bango, solid update shares sluggish”
Progressive Equity Research (Mar 2018)
“Momentum remained strong during the year, with End User Spend (EUS) confirmed as having more than doubled but opex having grown by just 13%. The positive outlook statement will give confidence in the near-term financial performance.”
