VOGO Reports 10% Revenue Increase in 2024

VOGO, a company focused on technology solutions for sports, has reported its 2024 revenue at €10.6 million, marking a 10% increase from the previous year. This growth is aligned with the ramp-up of their TaaS (Technology as a Service) model, which contributed significantly to this advancement.

The TaaS model's revenue grew by 38%, making up 23% of the total revenue and 29% of sports-related sales. This shift to TaaS brings benefits like increased recurring revenue and stronger customer loyalty, with top-tier clients contributing over 67% to total revenue.

In the sports sector, revenue soared by 11% to €8.7 million, while the industry sector saw a modest growth of 3%. Geographically, the EMEA region grew by 11%, with strong performance also noted in North America, which increased by 23%.

With these results, VOGO looks forward to 2025, maintaining strong market confidence due to their innovations and expanding international presence.