Bango PLC
LSE:BGO
Bango PLC
Bango Plc engages in the development and sale of technology. The company is headquartered in Cambridge, Cambridgeshire and currently employs 88 full-time employees. The company went IPO on 2005-06-30. The firm has developed a purchase behavior technology that enables users to buy the products and services they want, using various methods of payment, including carrier billing, digital wallets and subscription bundling. The company harnesses this purchase activity into marketing segments, called Bango Audiences. Merchants use these audiences to target their marketing at paying customers based on their purchase behavior. Its products include Bango Audiences, Bango Boost+, Bango Payments and Bango Resale. The company works with companies in the technology and telecoms industries.
Bango Plc engages in the development and sale of technology. The company is headquartered in Cambridge, Cambridgeshire and currently employs 88 full-time employees. The company went IPO on 2005-06-30. The firm has developed a purchase behavior technology that enables users to buy the products and services they want, using various methods of payment, including carrier billing, digital wallets and subscription bundling. The company harnesses this purchase activity into marketing segments, called Bango Audiences. Merchants use these audiences to target their marketing at paying customers based on their purchase behavior. Its products include Bango Audiences, Bango Boost+, Bango Payments and Bango Resale. The company works with companies in the technology and telecoms industries.
Revenue Growth: Revenue rose 5% to $25.2 million, continuing a consistent upward trend since 2022.
Recurring Revenue: Annual recurring revenue increased 20% year-on-year to $15.6 million, underlining the strength of the subscription model.
Profitability: Adjusted EBITDA jumped 66%, driven by higher gross margins (up 350 bps to 84.3%) and reduced core administrative expenses.
DVM Expansion: The Digital Vending Machine (DVM) business saw strong momentum, adding seven new customers in H1 and now managing over 19 million active subscriptions.
Geographic Progress: First customer wins in Africa, Korea, and Japan, as well as further growth in the US and Europe.
Cost Control: Core admin expenses fell by 9% in the last 12 months, with further reductions expected.
Outlook: Company expects revenue and EBITDA to be in line with expectations for the year, with a positive net profit anticipated in fiscal year 2026.
Balance Sheet: Refinancing completed with new credit facilities, net debt at $7.3 million, and liquidity described as strong.
