But the FY financials don't factor in revenues accruing from deals with Amazon and Facebook.
UK payments firm Bango has enjoyed a breakthrough 12 months, nailing landmark deals with these two web giants to process operator billing from their mobile sites.
However, revenue from these deals didn't come soon enough to register in the FY2012 numbers, ended 31 March 2012. But the cost of setting them up did, which helps to explain the poor financials.
They show turnover for the year down to £15.6m from £19.3m in 2011, with loss after tax up to £0.93m from £0.70m.
Despite this, the firm remains bullish about its prospects, citing its existing billing arrangements with Blackberry App World and Opera, and new connections to Microsoft, Google Play and MasterCard.
It also says its metrics business is growing, with Bango Analytics volumes doubling in 12 months.
Ray Anderson, CEO of Bango, said: "It has been a pivotal year in Bango's development and we were delighted to have formed relationships with several industry leaders such as Facebook and Amazon.
"During the year Bango has further cemented its strategically central position within the smartphone marketplace, enhanced its already superior user experience and has simultaneously ensured that its powerful and unique platform is capable of supporting significant volumes of tporting signifporting significant volumes of transactions.
"Looking forward, we expect to see continued growth in end user activity driven by our increased mobile network connections worldwide, alongside our increased pervasiveness with major industry names and services. Additionally, we will continue to grow our analytics product which is highly synergistic to the payments platform."
Bango is on a growth drive at present, hiring senior staff and investing in R&D after pledging to raise £3.25m from a rights issue earlier this year.