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Two Blokes Jun 6 -
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CAMBRIDGE, United Kingdom, June 06, 2025 (GLOBE NEWSWIRE) -- Bango (AIM: BGO), today announces its full year results for the 12 months ended 31 December 2024 and provides an update on current trading and outlook for 2025. FY24 Financial Overview: Results for the 12 months ended 31 December 2024 FY24 FY23 YoY Change Transactional Revenue1 $36.2M $32.7M +11% DVM & One Off Revenue2 $17.2M $13.4M +28% Total Revenue $53.4M $46.1M +16 % Annual Recurring Revenue (ARR) 3 $14.0M $8.8M +59% Net Retention4 125% 137% Adjusted EBITDA5 $15.3M $6.4M +139% Loss After Tax ($3.7M) ($8.8M) $5.1M Net (debt)/cash at 31 December6 ($1.8M) ($4.0M) $2.2M FY24 Operational highlights: 9 new Digital Vending Machine\u00ae (DVMTM) license customers (total 27 at end of 2024) 110 content providers connected to the DVM, up from 93 at the end of 2023 Launched Disney+ with Continente - Portugal's largest high-street retailer, in only 12 weeks from first customer contact First two DVM CX (user interface) customers signed, including Altice in the US First Eastern European DVM customer signed Post period-end Digital Vending Machine\u00ae 6 new DVM customers to date in 2025, including: New US wins mean the Bango DVM now serves 6 out of the top 8 US communication providers (by subscriber count) First DVM customer in South Korea – leading Telco selected Bango DVM for bundling New DVM Telco customer in Benelux marks the first win from an improved Western Europe DVM pipeline First customer launch of the Bango DVM CX (user interface) with Altice in the US.
