• Q1 2024 revenue showed a 13% growth compared with 2023 at DKK 1.718k, (Q1 2023 at DKK 1.513k).  This is an expected increase compared to Q1 2023 revenue as new contracts from Q4 2023 are beginning to contribute to the increase in revenue.
• Signed a new multi-million agreement with the leading IT company for Taxi solution in the Nordic, Finn Frogne A/S, delivering the Voice Integrated Booking Engine, VIBE to handle taxi bookings across the Nordic and Germany. Revenue expected to impact in H2.
• The annual report for 2023 was released, showing 45% growth in revenue and a significant improvement in EBIDTA at MDKK -3,9
• Annual shareholder meeting held with new appointments to the board. Torben Haase, (Chair), Peter Ott and Thomas Krogh Skou (members).
• First new customers signed on the new and significantly improved Prodictation platform. An AI powered dictation and transcription platform that helps professionals keep accurate records and journals through the headset of their smart phone. A convenient and cost-efficient solution for many professionals with a need to use both hands during treatments.

"I am pleased with the continued progression the team has demonstrated in Q1, which has always been our quiet quarter. Delivering towards our contracts is crucial for our future, and with an increase in interest in AI within CX is showing that we are in a growing market." says Rolf Adamson, CEO of Nexcom.

MANAGEMENT COMMENTS

The company expects to carry out a capital increase in Q2 2022 to support the continued operation and expansion in line with the planned growth track, and furthermore to reduce the company's debt profile.

Nexcom has maintained its customer base yet another year, with a 10 year average tenure and has had no churn in Q1 2022, however 1 contract will decline in volume moving forward reducing the annualized revenue of this contract by DKK 0.4k.

Nexcom is maintaining the previously communicated growth expectations at for the year, as well as the projected positive result. A strong pipeline of new prospective customers, as well as the upsell potential for the AI product to the installed base, supports this growth journey.
 

Disclaimer

This report contains forward-looking statements based on management's current expectations. All statements about the future are subject to inherent risks and uncertainties, and many factors can lead to actual results and developments that differ materially from those expressed or implied in such statements.

FURTHER INFORMATION
                                       

Rolf Adamson | CEO                                                                        

E-mail: press@nexcomglobal.com                 

COMPANY                                                          CERTIFIED ADVISOR

Nexcom A/S                                                        Kapital Partner A/S
Toldbodgade 59B, K9                                         Jernbanegade 4
1263 Copenhagen K                                          1608 Copenhagen V

Tlf. +45 4576 4820                                              Tlf. + 45 8988 7846

www.nexcomglobal.com                                    www.kapitalpartner.dk
 

INCOME STATEMENT Q1 2024 [January 1[st ]- March 31[st], 2024]

The report has not been audited.

TDKK  Q1 2024 Q1 2023
Revenue 1,719 1,513
TOTAL REVENUE 1,719 1,513
Personnel -2,269 -2,324
Other external costs -1,481 -1,347
EBITDA -2,031 -2,158
Depreciation -947 -943
EBIT -2,978 -3,101
Financial expenses 349 -681
PROFIT/LOSS BEFORE TAX -2,629 -3,782
Tax 0 -15
PROFIT/LOSS AFTER TAX -2,629 -3,797

Number of employees 13
Outstanding shares 18,805,325
Earnings per share (DKK) -0,14

BALANCE SHEET SUMMARY Q1 2024 [March 31[st], 2024]

The report has not been audited.

TDKK Q1-2024 Q1-2023
ASSETS
Intangible assets 14,379 16,881
Fixed assets 32 77
Deposits 49 53
TOTAL NON-CURRENT ASSETS 14,460 17,011
TOTAL CURRENT ASSETS 6,977 1,924
TOTAL ASSETS 21,437 18,935

TDKK Q1-2024 Q1-2023
LIABILITIES
Share capital 9,402 7,512
Capital increase 0 1,915
Foreign currency translation reserve -414 -557
Retained earnings -5,585 -8,710
EQUITY 3,403 160
Long-term liabilities 4,069 9,065
Short-term liabilities 1,529 3,792
Other debt 12,436 5,918
LIABILITIES 18,034 18,775
TOTAL EQUITY AND LIABILITIES 21,437 18,935

• The company's total assets amount to DKK 21,437k as per March 31st, 2024.

The report has not been audited.

TDKK Share Share Foreign currency Retained earnings Equity
Capital premium translation
reserve
Equity 9,402 - -57 -2,956 6,389
January
1,2024
Capital - - - - -
increase
Transfer to - - - - -
reserves
Exchange rate - - -357 - -357
adjustment
Profit/loss - - - -2,629 -2,629
for the
period
EQUITY MARCH 9,402 - -414 -5,585 3,403
31, 2024

• The company's equity totals DKK 3,403k as per March 31[st], 2024.

MANAGEMENT

Rolf Adamson

CEO

BOARD OF DIRECTORS

Torben Haase               Charlotte Enlund         Peter Ott        Thomas Krogh Skou        Christian Hein Nielsen
Chairman