Snap acquires Paris neurotech startup NextMind

  • Social media company Snap (SNAP) has acquired Paris-based neurotech startup NextMind.
  • Financial terms of the deal were not disclosed.
  • NextMind has built a non-invasive brain computer interface technology capable of translating brain activity into digital commands, thus enabling users to control visual interfaces in real time.
  • This technology monitors neural activity to understand a user's intent when interacting with a computing interface, allowing them to push a virtual button simply by focusing on it.
  • The NextMind team will continue to operate out of Paris.
  • The acquisition will help expedite long-term augmented reality research efforts within Snap Lab.
  • Snap Lab is focused on developing devices that advance Snap 's (NYSE:SNAP) augmented reality platform, with ongoing programs to explore possibilities for the future of the Snap Camera, including Spectacles.

    For this year Snap 's (located in Santa Monica) revenue will be around 5.5 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 4.12 billion USD.

    Historical revenues and results Snap plus estimates 2021

    koersgrafieken

    The analysts expect for 2022 a net profit of 582 million USD. For this year the consensus of Snap 's result per share is a profit of 34 cent. Based on this the price/earnings-ratio is a huge 85.09.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the publishers equals an attractive 1.99 percent.

    Based on the current number of shares Snap 's market capitalization equals 36.1 billion USD. -48

    At 17.38 the stock trades 4.96 percent lower at 28.93 USD.

    Price data Snap 2010-2022

    stock price snap

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