Berlin, 01 February 2020
Also in the business year 2019, Memento 3D interactive GmbH has proven that with a mixture of profitable project business and long-term development of a sustainably profitable platform, growth in sales and profit can be generated on the one hand, and on the other hand the future can be secured on the next level.
Revenues rose from around 5 to a good 6.6 million euros, with slight profits in the five-digit range. The main revenue driver was the completion and handover of a major software project.
The preliminary figures may still change.
The company used the proceeds to fully repay its loans, which most recently amounted to around EUR 3.6 million, and is thus completely debt-free.
From 2020, the vrXcity platform will be largely responsible for the company’s earnings situation. To this end, all attention is focused on the release date on 20 February.
About me.mento 3D interactive GmbH
me.mento 3D manufacture GmbH was founded in 2014 as a 3D technology company for high-resolution and photorealistic avatars and has developed into a complete provider of products for virtual and augmented reality. The issuer’s business areas are divided into the development of photorealistic 3D avatars, the programming of software tools to animate these avatars and the production of apps and platforms to monetize these products.
If you have any questions, please contact:
me.mento 3D interactive GmbH
Tobias Platte | Investor Relations
Walter-Benjamin-Platz 3 | 10629 Berlin |Germany