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NEXR Technologies SE lowers 2021 forecast following Corona-related market launch delays of products

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NEXR Technologies SE / Key word(s): Forecast/Change in Forecast
NEXR Technologies SE lowers 2021 forecast following Corona-related market launch delays of products

09-Sep-2021 / 19:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Inside information according to Article 17 MAR

NEXR Technologies SE lowers 2021 forecast following Corona-related market launch delays of products

Berlin, 09 September 2021

The Board of Directors of NeXR Technologies SE (XETRA: NXR) lowers the guidance for the current financial year 2021 following Corona-related delays in market launches of products. As a result of the delayed starts of pilot projects with cooperation partners, in particular, in contact-intensive economic sectors such as fashion retail and the fitness industry, as well as the subsequent postponement of expected revenues from the intensification of partnerships, the Board of Directors now expects revenues for the full year 2021 of EUR 0.4 million to EUR 0.8 million (previously: EUR 1.5 million to EUR 3.0 million) and a net loss of EUR 14.8 million to EUR 15.5 million (previously: net loss of EUR 12.5 million to EUR 13.5 million). For 2021, this would correspond to a growth in revenues of around 33% to 167% compared to the previous year's value of EUR 0.3 million and thus an improvement in the operating development. In 2020, sales were still declining due to the lack of service contracts. The expected increase in the net loss in 2021 compared with the previous year reflects the reversal of deferred taxes in the same period of 2020.

Taking into account the successful start of the pilot projects as well as the positive initial feedback from the business partners, the Board of Directors of NeXR Technologies SE following the successful completion of the test phases expects an expansion of the partnerships and the further development of the products as well as catch-up effects in revenue realization through new customer acquisition.

The Corona-related delays in market launches had no impact on business performance in the first half of 2021. The 2021 half-year financial statements will be published on 30 September 2021.

For further information, please contact:
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

09-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1232518


 

End of Announcement

DGAP News Service

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