YOC (YOC) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw YOC increase group sales revenue to EUR 7.3 million, up 3% year-over-year, despite a challenging European advertising market and a 10.4% decline in German online ad spend.

• EBITDA dropped to EUR 0.1 million from EUR 0.7 million in Q1 2024, mainly due to EUR 0.2 million in start-up costs for Swedish market expansion.

• Net profit for the period was EUR -0.4 million, compared to EUR 0.2 million in Q1 2024.

• The company remains optimistic for FY 2025, expecting business to catch up and revenue growth of 10–15% in Q2 2025.

• Continued investment in the VIS.X® platform and AI-powered solutions is central to YOC’s strategy.

Financial highlights

• Sales revenue: EUR 7.3 million (+3% year-over-year); national revenue stable at EUR 4.2 million, international up 9% to EUR 3.1 million.

• Gross profit margin: 44.9% (Q1 2024: 45.5%).

• EBITDA: EUR 0.1 million (Q1 2024: EUR 0.7 million); EBITDA margin: 1.6% (Q1 2024: 9.4%).

• Net profit: EUR -0.4 million (Q1 2024: EUR 0.2 million); EPS: EUR -0.13 (Q1 2024: EUR 0.06).

• Cash and cash equivalents: EUR 1.9 million (31 Dec 2024: EUR 4.0 million); operating cash flow: EUR -1.2 million (Q1 2024: EUR -0.2 million).

Outlook and guidance

• Management expects FY 2025 sales revenue between EUR 39.0–41.0 million, with gross profit margin rising to 47–49%.

• EBITDA forecast for FY 2025: EUR 5.5–6.5 million; net profit expected at EUR 3.5–4.5 million.

• Q2 2025 revenue growth projected at 10–15% year-over-year.

• Continued investments in proprietary technology and AI to drive growth and differentiation.