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.
me.mento 3D Interactive GmbH is a global 3D tech company based in Berlin. Founded in 2014, the company’s core competence has been the lifelike representation and full animation of humans and environments for digital applications, mainly for Virtual Reality (VR) and Augmented Reality (AR). Since 2017, me.mento 3D Interactive has grown into a holistic developer of relevant XR products and services, having expanded its product portfolio to an own cryptocurrency for the entertainment industry and an adult entertainment game while continuing to develop XR games and services for a broad target group.
me.mento 3D interactive GmbH
Lise-Meitner-Str. 45/A 10589 Berlin
Tobias Platte, Investor Relations