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FY21 Trading Update

Bango today released its Trading Update for the Full Year ended 31 December 2021. Financial Highlights* include:

  • Revenue up 32% to $20.7M (FY20 $15.7M), delivering revenue growth ahead of expectations
  • End User Spend (EUS) $4.1B (FY20 $2.4B)
  • Adjusted EBITDA** of at least $6.1M (FY20 $6.0M), in line with expectations
  • Net cash at 31 Dec 2021 was $9.6M (31 Dec 2020 $7.9M)

The announcement can be found here.

The Full Year Results will be announced on 08 March 2022. 


* The change in presentation currency from GBP to USD has been prepared in accordance with IAS21.

** Operating profit before depreciation, amortization and share based payments

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