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NeXR Technologies SE publishes 2020 financial figures - Loss reduction - New products pave the way to future growth - Seite 2

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.