ISIN:DE000A161NR7

EQS-News: NAGA delivers a strong 2023 with EUR 45.5 million revenue and highest EBITDA in the company's history of EUR 7 million

Retrieved on: 
Samstag, Januar 13, 2024

NAGA delivers over EUR 45.5 million in revenue (FY2022: EUR 57 million)  and achieves a preliminary EBITDA of EUR 7 million (FY2022: - EUR 13.7 million) which is the highest EBITDA in the company's history, marking an impressive turnaround on the bottom line during challenging market conditions.

Key Points: 
  • NAGA delivers over EUR 45.5 million in revenue (FY2022: EUR 57 million)  and achieves a preliminary EBITDA of EUR 7 million (FY2022: - EUR 13.7 million) which is the highest EBITDA in the company's history, marking an impressive turnaround on the bottom line during challenging market conditions.
  • During 2023 NAGA saw over 132,000 account openings (FY22: 243,000) and more than 9.2 million trades (FY22: 8.6 million) whereof 4.8 million were copy trades (FY22: 3.5 million.
  • As a result all unique user metrics have shown a strong uptrend with higher average activity, deposit size and lifetime value.
  • Marketing expenses stood at EUR 5.5 million (FY2022: EUR 28.5 million), leading to the best ever gross Cost Per Acquisition of EUR 447 (FY22: EUR 1510) per new capitalized trading account.

EQS-News: NAGA announces merger with trading app Capex.com. Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.

Retrieved on: 
Mittwoch, Dezember 20, 2023

Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.

Key Points: 
  • Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.
  • NAGA announces merger with trading app Capex.com.
  • Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond, setting the stage for a strategic merger between Capex.com and NAGA.
  • With a collective user base of 1.5 million worldwide, the newly merged company is projected to generate over USD 250 million in revenue over the next three years.

EQS-News: The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature

Retrieved on: 
Donnerstag, Oktober 26, 2023

The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature

Key Points: 
  • The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature
    The issuer is solely responsible for the content of this announcement.
  • A further, new revenue stream will thereby be added with the SaaS vertical generating platform fees as well as transaction based and volume-driven income.
  • NAGA repaid the majority of the convertible bonds and renegotiated terms for its outstanding convertible bonds issued in April 2023.
  • The holder of the remaining convertible bonds is not exercising the conversion right, so that no equity dilution for existing shareholders will occur.

EQS-News: The NAGA Group AG: NAGA continues profitable growth path reaching 15% EBITDA for the first nine months of 2023 from its brokerage business  

Retrieved on: 
Dienstag, Oktober 17, 2023

Furthermore, the Group reported preliminary year-to-date sales of EUR 28.4 million per September 30th 2023 from its brokerage business, delivering an EBITDA ratio of around 15%.

Key Points: 
  • Furthermore, the Group reported preliminary year-to-date sales of EUR 28.4 million per September 30th 2023 from its brokerage business, delivering an EBITDA ratio of around 15%.
  • One of the key factors contributing to this growth is the reduction in operational and marketing costs.
  • The NAGA Group has also expanded its presence in new and emerging markets, capitalizing on the increasing popularity of social investing and e-payments.
  • A notable achievement in the first nine months of 2023 is the highly successful optimization of NAGA's user acquisition strategy.

AI 'Brain' Technology by Rezolve Joins Forces with NAGA to Revolutionise Online Payment together with Brokerage Transformation

Retrieved on: 
Mittwoch, August 9, 2023

This multilingual capacity not only enhances NAGA user experience but also widens NAGA's global user base.

Key Points: 
  • This multilingual capacity not only enhances NAGA user experience but also widens NAGA's global user base.
  • Implementing Brain's AI into NAGA will further automate our client's journey and lead to the highest degree in personalization.
  • Dan Wagner, CEO of Rezolve , echoed this sentiment, adding, "Our collaboration with NAGA is a testament to our commitment to revolutionising industries with AI.
  • For more information about NAGA and its use of Rezolve's Brain, which is expected to go live in Q4 2023, please visit www.group.naga.com