Published on: September 19, 2017
On track for breakeven and positive cashflow
Bango has reported strong interim results, with impressive growth in End User Spend (EUS) and revenue, alongside reduced losses and cash outflow. Operational momentum remains strong, with new billing routes activated across the world. The first half also saw the launch of Direct Carrier Billing (DCB) for physical goods with Amazon Japan. We make minor increases to forecasts following the announcement, and believe the H1 2017A outcome is encouraging for the second half performance.