Proactive’s Post

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Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey takes Proactive's Stephen Gunnion through the company's 2023 performance, highlighting revenue growth of 62% to $46.1 million and a 29% increase in adjusted EBITDA to $6.4 million, slightly above the range provided in a January trading update, partly due to FX reclassification. 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 Docomo Digital acquisition promises significant future cash generation and profitability. The acquisition has also realised £21 million in annualised cost synergies, with additional savings identified. 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... Watch at #Proactive #ProactiveInvestors http://ow.ly/FEeM105oWAr

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