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VGO GPW sWIG80 Periodic report · PAP Biznes

Vigo Photonics SA (VGO) · Q1 2026 results

Share price: 522.00 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 29 May 2026 and 28 May 2025

Operating income turned to a loss from a profit a year earlier. The report's language is unchanged.

Only a basic analysis is available for this company at the moment.

1 · Numbers

Turned loss

Operating income vs Q1 2025

Operating income -609.0K vs 2.5M

Revenue +22.9%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: upbeat for a company report — about as upbeat as in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Fading

Sales of infrared detectors, modules, and semiconductor materials supported operational activities across the entire company during Q1 2026.

Valuation

Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.

Current price

522.00 zł

close of 2026-11-10

Revenue growth, 3 years

+11.1% a year

compound annual rate (CAGR)

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q1 2025.

Report language Upbeat (was very upbeat)

Upbeat for a company report — about as upbeat as in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“Hazardous Substances (RoHS),”
“The company is currently seeking a strategic partner who could provide appropriate financing and accelerate the pace of technology development and commercialization.”
“Page | 16”

Full figures

PLN · PAP Biznes report (2026-05-29)

Metric Q1 2026 Q1 2025 Change
Revenue 19.3M 15.7M +22.9%
Gross profit 9.6M —
Operating income -609.0K 2.5M Turned loss
Net income -2.8M —
EPS -3.19 0.49 Turned loss
P/E 12-mo loss 12-mo loss —

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • Fading At the same time, it is developing new technological solutions, including infrared matrices intended for the Polish army as well as…
  • Based on the current order book and ongoing implementation projects, the Company expects revenue growth in the coming quarters of the…
  • The Group creates a provision for the costs of expected warranty repairs and returns of products sold during the last 3 financial years…
  • It is anticipated that most of these costs will be incurred in the next financial year, and all of them within 3 years from the balance…
  • The assumptions used to calculate the provision for warranty repairs and returns were based on current sales levels and current available…

Faded since Q1 2025

  • Fading Share capital financial other equity update result capital current valuation financial total nominal period
  • Fading The adjusted net result for the 3 months of 2025 was -0.3 million PLN, which means it increased by
  • Fading The Management Board of the Company informed in a current report on May 15, 2025, that a non-binding letter of intent was entered into…
  • Fading The Company's results in its previous activities did not record any instances of seasonality or cyclicality in sales.

Latest announcements

Official filings, newest first.

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