NAGA sees 32% Revenue decline in Q2-2023 to €7.9 million
In Q2 2023 Revenues at NAGA declined to just €7.9 million, a 32% quarter-to-quarter decline from Q1.
In Q2 2023 Revenues at NAGA declined to just €7.9 million, a 32% quarter-to-quarter decline from Q1.
The letter hints at some of the problems which have been plaguing NAGA, which led to the recent ouster of longtime CEO Ben Bilski.
NAGA co-Executive Director Michael Milonas will become Group CEO, while Benjamin Bilski is moving to focus on technology as CIO.
NAGA saw $13.5 billion in monthly trading volumes in Q1-2023, basically identical to the $13.6 billion it averaged in 2022.
Copy trading represents 55% of overall trades whilst 2023 customer deposits care up by 50% as compared to 2022.
NAGA will maintain its current listing status following the consummation of any such transaction.
NAGA did about $13.5 billion in monthly trading volume in 2022, or total annual volume of roughly €150 billion.
Nakis Theocharides joins NAGA after spending the past three years as HR Manager for Nicosia based luxury hotel The Landmark Nicosia.
In September NAGA achieved its best result on operating cash flow basis in 2022 by delivering over €1M operating cash flow.
Contis by Solaris and NAGA Pay are launching a VISA-approved card program that enables users to spend both fiat and cryptocurrency.