Vogo : Earnings impacted by the model transition, but should improve in 2024 - New € 5m capital increase launched
>Profitability falls back into negative territory in 2023 - Vogo reported yesterday evening its FY results. The revenues had been reported in February and were down 20% y-o-y at € 9.6m, impacted by the transition of the model towards TaaS. Despite strong opex control (-3% y-o-y), EBITDA has been fallen back into negative territory at -€ 0.5m (vs -€ 0.4m est.) after having reached breakeven in 2022 (€ 0.1m). The EBIT loss deepened to -€ 2.2m (vs -€ 1.4m est. vs -€ 1.2m...Vogo SAS is a France-based company, which provides mobile application software. The Company develops, markets and distributes a solution for live broadcasting of audiovisual content based on a video stream processing technology. The Company's solution aims to improve the audience experience through multi-camera content upon-request while providing audio and video analysis tools for fans and professionals. The Company launches VOGO SPORT, which allows spectators within a sport venue or an outdoor event to access live audiovisual content through a mobile or tablet application. Its solution has a number of features, including spectators, which allows users to access instantly and in real time via Smartphone, tablets or computers, as well as services, such as, replay, zoom and slow motion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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