VOGO Reports Positive EBITDA Amid Revenue Decline

VOGO, a company known for its sports and industrial audio-video solutions, has reported its financial results for the first half of 2025. Despite a 6% decline in revenue to €5.3 million compared to H1 2024, VOGO achieved positive EBITDA for the third consecutive half-year. The company attributes this performance to the increasing contribution of its TaaS (Technology as a Service) model, which saw an 11% rise in revenue.

The gross margin improved significantly, now accounting for 70% of revenue, up from 63% in H1 2024. Operating expenses remained stable at €7.2 million, although VOGO reported an operating loss of €1.5 million, linked to higher depreciation and amortization costs due to R&D investments.

VOGO maintains a solid financial position with shareholders’ equity of €10.4 million and stable cash reserves. Despite economic uncertainties, the company remains optimistic about growth in the coming months, anchored by new contracts in its Sports segment.