Quotes delayed, except where indicated otherwise. Currency in GBp.
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).
Bango (AIM: BGO), the mobile payments company, provides an update on trading for the six months ended 30 June 2017, …
Bango (AIM: BGO), the mobile payments company, today announces its Final Results for the year ended 31 December 2016. FY2016 …
Bango Boost V2: Enables developers to increase sales through targeted marketing Provides industry-wide benchmarks to improve revenue performance Expected to …
Bango (AIM: BGO), the mobile payments company, provides an update on trading for the twelve months ended 31 December 2016 …
‘Complexion Reduction’ is the latest burgeoning tech buzzword, but it’s really nothing more than a new description for a long …
Strong growth in End User Spend and stable OPEX provide foundation for move to profitability Bango (AIM: BGO), the mobile …
|End user spend||44.7||132.3|
|Proft/ (Loss) Before Tax||(5.0)||(4.7)|
|Cash & Cash equivalents||12.1||5.7|
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..”