Published on: November 1, 2017
Two pieces of positive news
Bango has today released two pieces of positive news flow. The Bango Platform (BP) is being deployed in South Korea, increasing the number of payment opportunities for digital content, physical goods and Internet of Things (IoT) services in this key Asian market. Secondly, management has confirmed the achievement of run-rate EBITDA breakeven. Having upgraded in September-17, we leave forecasts unchanged at this stage. However, today’s announcement gives further confidence in the group’s ability to meet our expectation of full-year EBITDA breakeven in 2018E.