(via NewsDirect)
A notable achievement was the 77% growth in recurring revenue for the Digital Vending Machine (DVM). This improvement has provided a solid foundation for future expansion, Larbey said.
The full integration of the company's
DVM, identified as a growth engine, has seen an expansion, with nine new contracts signed, increasing the total to 18 by year-end, and an additional four in the first quarter of 2024. This growth has propelled the ARR from £5 million at the end of 2022 to £11 million by the end of Q1 2024.
Larbey said Bango's market position has been strengthened in
The company maintains a positive outlook for 2024, with analyst forecasts suggesting a 16% revenue growth, a target already surpassed in Q1 with a 20% growth.
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