FINANCIAL REPORT Q3 2022
Company announcement 21-2022 This communication contains inside information regulated by the European market abuse regulation, (MAR).
The report has not been audited.
In Q3 Nexcom secured capital structure and refocused strategy.
Main Activities
- The capital increase announced in April 2022 has been successfully completed and resulted in new shares issued at a share price of DKK 3,00 of an amount of DKK 9,500k including conversion of debt, increasing the amount of shares from 10,899,805 to 14,066,471.
- During this process debt has been reduced by DKK 3,500k and repayment plans are changed to better align to the company’s requirement for operating capital.
- Nexcom has executed on a series of activities reducing operating costs as announced in company message no 13 of August 2nd, reducing staff levels from 22 start of Q1 to 13 end of Q3.
- New AI features were released as part of the RevealCX Boost platform, increasing the detail of business intelligence in reporting.
- Nexcom’s platform, RevealCX, has once again been approved as a Platinum Partner in the COPC Approved Technology (ATP) Program and remains the only platform that has achieved the accreditation according to the recognized global best practice standard, COPC BPCX
MANAGEMENT REMARKS
In consideration of the general conditions on the financial markets and the company’s ability to fund the growth strategy, Nexcom has adjusted its strategy to reflect the changed market situation.
With the new strategy in place, it is the intention that growth can be pursued with limited additional capital injections. The strategy is to pursue profitable growth and reducing the needed revenue to become cash flow positive by reducing the operating costs of the company. The adapted strategy includes annualized cost reductions of between DKK 10-11,000k. These cost saving initiatives will impact in both 2022 and 2023.
The management believes the adjustments to the operation will result in a sound yet scalable cost structure supporting the business moving forward.
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.
Contact information:
For more information and/or to arrange an interview with CEO Rolf Adamson, please contact Gerdur Dora Adalsteinsdottir, Communications email: press@nexcomglobal.com.
Certified advisor:
Kapital Partner A/S
Jernbanegade 4
1608 København V
Tlf. + 45 8988 7846
www.kapitalpartner.dk
Nexcom is a Danish-based SaaS company with a compelling purpose of helping companies of all shapes and sizes deliver consistent, high-standard service experiences to their customers. We design and deliver big data-driven, AI-powered software platforms that enable companies to automate routine tasks, monitor agent and system performance, and become more time-efficient. We help improve productivity, gain more operational knowledge, make informed decisions, and ultimately deliver better service.
Nexcom: Better Customer Service, Less Effort