Bango (AIM:BGO) - 100% revenue growth, is profitability now in sight?
On 12th January Bango (AIM,BGO), the leading app store carrier billing platform, issued a Trading Update reporting revenue growth of 100%. While the Company remains loss making this is excellent progress. AimZine takes a closer look at Bango’s Trading Update and considers its seemingly exciting prospects.
Introduction Bango (AIM:BGO) operates in the high growth area of mobile payments. The Company provides a payment platform enabling mobile users to pay for digital content and services via their mobile phone bill. This Direct Carrier Billing (DCB) service is being rolled out via mobile operators and content providers worldwide. DCB is particularly popular in emerging markets where there is a large “un-banked” population and where fewer mobile users have credit cards. Four years ago in March 2013 Bango’s shares hit their all time high of £2.88 but since then the shares have declined steadily and currently (13th January) trade…