NAGA sees strongest monthly profitability in April to date with more efficient user acquisition funnels through increased brand awareness

• NAGA generates revenue of EUR 7 million and EBITDA of EUR  3.6 million in April 2022 alone (preliminary) 

• In April 2022, the EBITDA ratio increased to around 50% for the first time 

• NAGAX NFT platform and its own blockchain NXNFT are live 

Hamburg, 19th May 2022 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7),  operator of the neo brokerage NAGA, the Cryptocurrency platform NAGAX and  neobanking app NAGA Pay, releases a preliminary trading update for April and reports  its strongest monthly profitability to date. 

In April, preliminary brokerage revenue amounted to EUR 7 million, while preliminary  EBITDA stood at EUR 3.6 million. To date, more than 2.7 million transactions have been  generated while the active customer base and sign-ups continue to grow strongly.  "Already in the first four months of the current year 2022 we managed to exceed the  revenue of the first half of 2021", Benjamin Bilski, founder and CEO of NAGA, evaluates  the excellent first third. “At the start of the second quarter, we saw a solid comeback in  trading activity. Our focus remains on increasing our growth activities to counteract any  negative market trends. We are in line with our projections. Our confidence in the  company is stronger than ever in these challenging times,” Bilski continues. 

NAGA sees a significant improvement in customer satisfaction, team structure and  product innovation. The branding initiatives work well. With the increasing level of  awareness and brand power, NAGA is on the road to significantly strengthen its position  in all three verticals it operates in. “This year we are experiencing very challenging  market conditions and profitability in particular is an important factor that investors are  looking for in 2022. At NAGA this is absolutely the case - we have generated positive  cash flow as we have continued to successfully grow our business,” concludes Bilski.

NAGAX continues its product rollout. 

NAGAs native cryptocurrency platform NAGAX has launched its NFT marketplace  NAGAX NFT which features an on blockchain called NXNFT and allows creators to mint  items at no cost as well as secondary trading without blockchain fees. The platform can  be visited here: 

https://nagax.com/nft 

Despite the current cooldown in the crypto market, NAGA is very confident that the next  wave of adoption is around the corner. NFT plays a crucial role in educating people to  join the crypto ecosystem. NAGA’s NFT platform, which is integrated in its crypto  currency exchange and wallet, targets talented creators from the art and music industry  to join us and tokenize their work to be minted on NXNFT. Additionally, NAGA looks forward to the release of the staking and derivatives feature in May to start marketing  and growing the user base from June onwards. 

NAGAX NFT has additionally announced a $100,000 creator fund which aims to support  digital creators in launching their first NFT collections. More information can be found  here: https://nagax.com/nft-creators