DGAP-News: NEXR Technologies SE / Key word(s): Annual Results
NeXR Technologies SE publishes 2020 financial figures - Loss reduction - New products pave the way to future growth
2021-04-30 / 07:30
The issuer is solely responsible for the content of this announcement.
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NeXR Technologies SE publishes 2020 financial figures - Loss reduction - New products pave the way to future growth
Berlin, 30 April 2021
NeXR Technologies SE (XETRA: NXR) today published its financial report for the year 2020. The company could not
completely escape the challenging environment influenced by the coronavirus pandemic. As a result, revenues in the
reporting period decreased to EUR 0.3 million from EUR 1.2 million in the previous year due to a lack of service
orders. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to EUR -8.8 million compared
to EUR -9.4 million in 2020. The loss per share was reduced by more than half to EUR -2.84 from EUR -5.70.
NeXR Technologies quickly adapted its organizational structure and business model to the changed conditions. After
corona-related delays in market entries of developed products in the first half of the year, the company showed a
modest recovery in the second half of 2020. This was mainly due to the increasing demand for digital alternatives to
conventional face-to-face events. NeXR Technologies specifically focused on building two multi-user and multi-purpose
platforms. This resulted in four new products, NeXR Fashion, NeXR Fitness, NeXR Show and NeXR Seminar, alongside the
already well-established products NeXR Avatar and NeXR Experience, which NeXR can offer its customers in the B2B
sector.
These products form the basis for meeting the increasing demand for digital solutions. With NeXR Seminar, for example,
face-to-face events can be transferred to a virtual reality environment. This reduces travel costs for organizers and
participating companies, while at the same time protecting the environment. With NeXR Fashion, customers can use their
personal avatar and an app to search for a precise fitting of clothing and try them on their own avatar. NeXR Show
offers the event industry, artists and fans a stage for virtual live concerts via green screen and motion capture
technology. In this way, thanks to NeXR technology, essential activities can be maintained even in times of distance.
2020 was the year NeXR Technologies developed its technologies and solutions for a rapidly changing and dynamically
growing media market. 2021 is the year of market entry. To this end, the company already has strong cooperation
partners on board, including the fashion chain H&M, the RSG Group with its McFit, John Reed and GOLD'S GYM chains, and
the financial services provider Montega, who will use the NeXR technology in 2021 in a way that is precisely tailored
to their needs.
Therefore, depending on the development of the pandemic and the related containment measures, the management of NeXR
Technologies expects revenues between EUR 1.5 million and EUR 3.0 million and a net loss between EUR 12.5 million and
EUR 13.5 million due to market launch costs.
"We used the year 2020 for intensive preparation and further development of our product range. With the adapted
organizational structure and product strategy, we have created the basis for broadly introducing our technologies to
the market in 2021 fiscal year. Initial live projects with our cooperation partners and consistently positive feedback
underline the potential of our technologies. The Corona pandemic is radically accelerating digital transformation. We
are ideally positioned for this with our product portfolio, meet the high demands of the market and offer our customers
real added value," says Markus Peuler, Managing Director of NeXR Technologies SE.
The Annual Report 2020 of NeXR Technologies SE is available for download at https://www.nexr-technologies.com/
publikationen/ in the Investor Relations section.
NeXR Technologies SE (ISIN DE000A1K03W5) - General Standard/Regulated Market
About NeXR Technologies
NeXR Technologies SE from Berlin (XETRA: 99SC) is a listed technology company with a focus on virtual reality
applications. The core of the company consists of personalized, digital avatars that support users in performing
everyday tasks more efficiently. These include the visualization of training successes on one's own avatar (NeXR
Fitness), the virtual fitting of clothing (NeXR Fashion) or the participation in and the design of virtual live events
(NeXR Show) and remote presentations (NeXR Seminar). NeXR Technologies has core competencies in 3D scanner development,
motion capture, virtual reality, virtual production as well as deep understanding in gaming and data-based business
models. Based on two self-developed multi-user and multi-purpose platforms, NeXR Technologies offers products and
solutions for numerous user industries. NeXR Technologies SE is listed in the General Standard of the Frankfurt Stock
Exchange.
NeXR Technologies SE
Lydia Herrmann
Investor Relations
Charlottenstraße 4
10969 Berlin
Germany
l.herrmann@nexr-technologies.com
www.nexr-technologies.com
Phone: +49 (0) 30 403 680 14-3
Fax: +49 (0) 30 403 680 14-1
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2021-04-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: NEXR Technologies SE
Charlottenstraße 4
10969 Berlin
Germany
Phone: +49 (0) 30 403 680 143
Fax: +49 (0) 30 403 680 141
E-mail: l.herrmann@nexr-technologies.com
Internet: www.nexr-technologies.com
ISIN: DE000A1K03W5
WKN: A1K03W
Listed: Regulated Market in Berlin, Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1190749
End of News DGAP News Service
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1190749 2021-04-30
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April 30, 2021 01:31 ET (05:31 GMT)