ISIN:DE000A161NR7

EQS-News: SMC Research upgrades NAGA to “Speculative BUY” with significant upside potential on back of imminent merger with Capex.com

Retrieved on: 
Wednesday, April 10, 2024

NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social proprietary trading platform.

Key Points: 
  • NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social proprietary trading platform.
  • The company's platform offers a range of products from stock trading, investments and cryptocurrencies to a physical VISA card.
  • Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades.
  • 13.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.

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: 
Saturday, January 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: 
Wednesday, December 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: 
Thursday, October 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.