NAGA Group revenues stabilize in Q3 at €8.9M
NAGA Group’s nine-month marketing spend was reduced from €26 million in 2022 to just €4 million this year.
NAGA Group
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.
New NAGA CEO Michael Milonas outlines strategy to shareholders
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 names new CEO, hires Sam Chaney as CCO, raises $8.2M
NAGA co-Executive Director Michael Milonas will become Group CEO, while Benjamin Bilski is moving to focus on technology as CIO.
NAGA reports Revenues of €11.6M in Q1-2023, return to (EBITDA) profitability
NAGA saw $13.5 billion in monthly trading volumes in Q1-2023, basically identical to the $13.6 billion it averaged in 2022.
NAGA reports profitable start to 2023 on strong copy trading activity
Copy trading represents 55% of overall trades whilst 2023 customer deposits care up by 50% as compared to 2022.
NAGA Group in discussions on merger with “multi-country brokerage firm”
NAGA will maintain its current listing status following the consummation of any such transaction.
Exclusive: NAGA posts 43% decline in 2H-2022 Revenues
NAGA did about $13.5 billion in monthly trading volume in 2022, or total annual volume of roughly €150 billion.
Exclusive: NAGA hires Nakis Theocharides as Group Head of HR
Nakis Theocharides joins NAGA after spending the past three years as HR Manager for Nicosia based luxury hotel The Landmark Nicosia.
NAGA adds Seychelles license, updates results
In September NAGA achieved its best result on operating cash flow basis in 2022 by delivering over €1M operating cash flow.
