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NeXR Technologies SE publishes 2020 financial figures - Loss reduction - New products pave the way to future growth

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 30.04.2021 / 07:30 The issuer is solely responsible for the content of this announcement. 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.