1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. The NAGA Group AG
  6. News
  7. Summary
    N4G   DE000A161NR7

THE NAGA GROUP AG

(N4G)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

The NAGA Group AG delivers EUR 55,3 million Group revenue beating FY 2021 guidance and announces the world's first Web3 crypto social trading platform NAGAX

01/13/2022 | 09:23am EDT

NAGA's 2021 unaudited preliminary Group figures at a glance:

- Another record year: Revenue of EUR 55,3 million, up 126% vs guidance of EUR 50 million

- EBITDA of EUR 12,8 million, up 93% YoY

- Traded volume up by 107% to EUR 250 billion

- Trades up by 60% to 10 million

- Copy trading nearly tripled to 4.8 million trades

NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for trading, cryptocurrencies and payments NAGA.com, has exceeded its revenue guidance for 2021 according to unaudited preliminary figures.

Consolidated group revenue more than doubled to around EUR 55.3 million compared to previous year (2020: EUR 24.4 million). The strong growth is underlined by a record EBITDA of EUR 12.8 million, which is also almost a doubling compared to 2020 (EUR 6.6 million). Furthermore, NAGA reports that over 277,000 new accounts joined its trading platform, a 128% increase compared to last year (2020: 122,000 new accounts).

Traded volume in 2021 reached EUR 250 billion for the first time, which means that the company was also able to double this metric compared to 2020 (EUR 121 billion). In addition, NAGA executed more than 10 million real-money transactions, an increase of 60% compared to 2020 (6.3 million). Notably, the strongest growth metric is the copy-trading activity. In 2021 NAGA saw over 4.8 million trades copied via its unique Auto Copy tool, that is almost tripling compared to 2020 (1.7 million copied trades).

"2021 was a fantastic year for NAGA. We have delivered another record year and achieved several milestones along the way. The investments in growth and the continuous acceleration of our marketing activities have paid off. Additionally, we have launched great products such as NAGA Pay, improved our platform and welcomed strategic investors to our cap table. 2022 will be another eventful year. We expect to be among the fastest growing neo-brokers, by gaining further market share in existing markets but also by expanding into new markets, while also increasingly focusing on the crypto and DeFi space with our brand-new platform NAGAX", comments Benjamin Bilski, Founder and CEO of NAGA.

Launch of NAGAX in Q1 2022

NAGA announces the launch of a brand-new social trading platform focused on cryptocurrencies: NAGAX,

The platform aims to offer:

- A unique Web3 social trading experience

- A spot exchange supporting over 700 tradable assets

- A futures and derivatives exchange

- A crypto-currency wallet with top level security

- An inbuilt NFT platform

- A staking platform

- A launchpad for promising projects

- Educational video content in the Learn-platform against rewards

The platform will offer a globally unique "Web3 Social Investing Feed" which automatically converts each user generated content on the platform into an NFT that can be monetized.

"With NAGA we have built one of the most innovative brokerage platforms in the industry - driven by social interaction and ultimately copy trading. Also, we gained unique insights between content creators and influencers and their needs. However, we believe that Decentralized Finance (DeFi) will be one of the strongest growing segments in the financial space and therefore will combine our knowledge with all our innovation capabilities and breadth of experience. With our brand new Web3 Social Investing Feed we believe to set a new standard in the world of financial influencers, improving their capabilities to serve their audience better, while offering instant monetisation of their content bypassing the middleman", says Bilski.

He also adds: "A financial influencer, for example, who offers premium content such as trading signals or technical analysis, posts the content and can directly set a price and availability. The post is automatically converted to an NFT. Any user who has access to an Ethereum-based wallet can unlock the content immediately. Each content is thus tokenized and can even be traded as an NFT itself. And of course, NAGAX will offer traders the opportunity to copy influencers' crypto trades for more than 700 assets via the social feed. The crypto world is highly fragmented. Crypto traders are literally forced to follow and join multiple groups and accounts across different platforms in order not to miss out. Crypto influencers, on the other hand, have to manage a wide variety of channels and monetization streams. Hence, we believe that our concept of content, direct monetization for influencers and copy trading on cryptocurrencies will experience great demand and will create a strong new source of revenue for NAGA."

The first version of NAGAX will launch within Q1 2022.

NAGAs CEO Benjamin Bilski will hold a recorded webinar on Friday the 14th of January at 15:00 (CET) and present NAGAX in detail. To join please visit https://naga.com/academy/webinars/936

###

About NAGA

NAGA is an innovative fintech company that has developed a socially enhanced financial system that creates a unified and seamless experience across personal finance and investing. Its proprietary platform offers a range of products ranging from trading, investing, and cryptocurrencies to a physical VISA card and social investing features such as a Feed, a Messenger and Auto-Copy. NAGA is a synergistic all-in-one solution that's accessible and inclusive, and that provides a better way to trade, invest, connect, earn, acquire and pay, across both fiat and crypto.

Language: English
Company: The NAGA Group AG
Hohe Bleichen 12
20354 Hamburg
Germany
E-mail: info@naga.com
Internet: www.naga.com
ISIN: DE000A161NR7
WKN: A161NR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

 


© Business Wire 2022
All news about THE NAGA GROUP AG
05/19The NAGA Group AG sees strongest monthly profitability in April with more efficient use..
EQ
04/22THE NAGA GROUP AG : NAGAs Q1 topline grows by 63% YoY, reporting record revenue of EUR 18 ..
EQ
02/15The NAGA Group AG announces NAGAX launch date and starts dynamically into 2022
EQ
02/10NAGA : Is the digital dollar worth considering?
PU
02/10NAGA : US Inflation hits 7.5%, Equities and Crypto Slip & Rebound Quickly
PU
02/09WHAT IS STOCK TRADING : A Complete Guide
PU
02/09WHAT IS S&P 500 INDEX : The exhaustive guide to Standard & Poor's 500 for newbies
PU
02/08NAGA : The Top 4 Economic Events of This Week
PU
02/04NAGA : $FB.OQ crashed over 20% following disappointing earnings
PU
02/04NAGA : Markets react to the 4 February NFP release
PU
More news
Financials
Sales 2021 55,3 M 58,4 M 58,4 M
Net income 2021 4,40 M 4,64 M 4,64 M
Net cash 2021 61,6 M 65,0 M 65,0 M
P/E ratio 2021 38,8x
Yield 2021 -
Capitalization 195 M 206 M 206 M
EV / Sales 2021 2,42x
EV / Sales 2022 1,33x
Nbr of Employees 112
Free-Float 23,0%
Chart THE NAGA GROUP AG
Duration : Period :
The NAGA Group AG Technical Analysis Chart | N4G | DE000A161NR7 | MarketScreener
Technical analysis trends THE NAGA GROUP AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 3,69 €
Average target price 11,98 €
Spread / Average Target 225%
EPS Revisions
Managers and Directors
Benjamin Bilski Chief Executive Officer
Andreas Luecke Chief Financial Officer, Head-Legal & HR
Harald Patt Chairman-Supervisory Board
Hans Jochen Lorenzen Member-Supervisory Board
Robert Sprogies Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
THE NAGA GROUP AG-51.76%206
INTUIT INC.-42.82%104 013
FIDELITY NATIONAL INFORMATION SERVICES, INC.-8.68%60 878
ADYEN N.V.-36.58%47 897
WORLDLINE-23.77%11 058
KAKAO PAY CORP.-45.79%9 798