We have just published our Interim results for 6 months ended 30th September 2009.
Bango continues to make excellent progress towards profitability, with revenues for the first half up 83% to £12.32m, and losses after tax reduced to £0.13m. Costs are stable and end user spend gross margin stabilised at 5.3%. We are seeing a continued migration of large U.S. content providers to the Bango system, with new customers won such as Fox Mobile and Turner Broadcasting and several of the world’s largest content providers moving their mobile business onto the Bango platform. This has contributed to the significant increase in transaction volumes over the past year.
The deployment of Bango’s unique technology to enable customer to benefit from Wi-Fi on mobiles is generating additional revenue streams from a new range of customers.
For copies of our Interims Announcement and a slide presentation summarising the results, visit our Key Financial Documents page.