Overview
German ad tech firm's Q1 revenue grew 10% yr/yr, driven by international business growth
Gross profit margin improved from prior quarters due to efficiency measures and better purchasing conditions
Q1 EBITDA rose to EUR 0.2 mln, but net income remained negative due to scheduled depreciation
Outlook
YOC expects gross profit margin to gradually increase over coming quarters
Company sees continued expansion of VIS.X platform supporting margin improvement
YOC says international business is increasingly contributing to earnings stabilization and improvement
Result Drivers
INTERNATIONAL GROWTH - Co said international business revenue rose 22%, offsetting flat domestic performance
EFFICIENCY MEASURES - Gross profit margin improvement was attributed to initial effects of efficiency measures and improved purchasing conditions
VIS.X PLATFORM EXPANSION - Continued expansion of the VIS.X platform supported scale effects and sustainable growth
Company press release: ID:nEQ9xfKYRa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 8 mln
Q1 Net Income
-EUR 400,000
Q1 EBITDA
EUR 200,000
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Yoc AG is €13.00, about 91.2% above its May 25 closing price of €6.80
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 5 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)