Bango plc (GB:BGO) has released an update.
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Bango PLC reports a robust first half of 2024, with revenue climbing 19% to $24.1M, driven by significant growth in their Digital Vending Machine® and new customer acquisitions, resulting in a 130% increase in Annual Recurring Revenue to $12.9M. Operational achievements include new DVM contracts, an extended telco partnership, and a strategic collaboration with Uber to distribute subscriptions. The company anticipates a positive net cash position by FY25, buoyed by a strong market presence and growing subscription services.
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