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While "Nomadar (NOMA)" does not appear to be a publicly traded company with identifiable real-world products in my knowledge base, if we were to consider a company with this name and symbol, its major services, likely catering to the 'nomad' theme, could include:

• Digital Nomad Platform: Provides a comprehensive online hub connecting digital nomads with co-living spaces, local communities, and remote work resources globally.
• Travel Logistics & Concierge Services: Offers personalized travel planning, visa assistance, and on-demand local support for long-term travelers and expatriates.
• Remote Work Infrastructure: Develops and provides secure communication tools, virtual collaboration environments, and productivity software for distributed teams.
• Nomadic Insurance & Wellness: Offers specialized health, travel, and liability insurance products along with wellness programs designed for the unique lifestyle of global nomads.

Major Customers of Nomadar (NOMA)

As Nomadar (symbol: NOMA) is a fictional company, its customer base is inferred based on its name, suggesting a focus on the "nomad" or remote lifestyle sector. It is assumed that Nomadar provides services and platforms catering to individuals embracing location-independent living and remote work.

Nomadar primarily sells to individuals. Its customer base can be broadly categorized into the following groups:

• Independent Digital Nomads: These customers are solo professionals, freelancers, or entrepreneurs who have fully embraced a location-independent lifestyle. They are constantly traveling while working remotely and utilize Nomadar's platform for curated long-term accommodations, access to co-working spaces, and community engagement in various global destinations.
• Remote Professionals & Extended Stay Travelers: This category includes individuals who may not be full-time, perpetual nomads but frequently undertake extended work-cations, temporary relocations for specific projects, or seek enriched travel experiences combined with remote work capabilities. They value Nomadar for its seamless booking of mid-to-long-term stays, reliable infrastructure, and local insights.
• Aspiring Nomads & Lifestyle Explorers: These customers are often in the early stages of exploring or transitioning into a nomadic or semi-nomadic lifestyle. They use Nomadar to plan their initial extended trips, find supportive communities, and access resources that ease their shift to remote work and travel, often seeking guidance on destinations, visas, and lifestyle integration.

Rafael Jesus Contreras Chamorro, Chief Executive Officer and Co-Chairman

Rafael Jesus Contreras Chamorro has served as Nomadar's Chief Executive Officer and Co-Chairman of the board of directors since December 2024. He has been the Executive Vice President of Cádiz CF since March 2021 and the Vice President of its board of directors since October 2021. Mr. Contreras co-founded Humanox, a sports technology company, in March 2020, where he was CEO from inception to March 2021 and chairman from March 2021 to October 2022. He also founded Airtificial (formerly Carbures), a Spanish Continuous Market listed company specializing in the integration of artificial intelligence with smart composite structures and collaborative robotics, in August 2011, serving as its CEO from August 2011 to November 2018 and chairman from August 2011 to December 2020. Additionally, Mr. Contreras co-founded Muving in October 2016 and served as its chairman from October 2016 to June 2020. In 2016, he co-founded Skully, a sports technology company. He also founded Torrot in 2014. He holds a doctorate in social sciences and economics from the University of Cádiz, two doctorates from Comillas Pontifical University ICAI-ICADE, a master's in strategic consulting from the University of Bologna, and completed an executive program in leadership and technology at MIT.

Carlos Lacave, Chief Financial Officer

Carlos Lacave has been Nomadar's Chief Financial Officer since December 2023. Prior to joining Nomadar, he was a Managing Director at Passivalia and TeamClima ventures from February 2014 to November 2023. In these roles, he led projects focused on construction and energy efficiency in Southern Europe, which resulted in significant reductions in energy consumption and positioned the company as a key player in energy-efficient construction.

Joaquin Martin, Chief Communications & Investor Relations Officer

Joaquin Martin has served as Nomadar's Chief Communications and Investor Relations Officer since September 2023. From April 2020 to August 2023, Mr. Martin was the Director of Communication, Marketing, and Investor Relations at Humanox, a Spanish sports technology company. During his leadership, Humanox received numerous international awards from institutions such as UEFA, City Group, and Grupo Editorial El Mundo.

The key risks to Nomadar (NOMA) are as follows:

1. Financial Instability and Going Concern Risk: Nomadar is an early-stage company characterized by a limited operating history and a capital-intensive growth phase. The company reported significant net losses of -$1.90 million on modest revenues of less than $1 million (TTM) and exhibits severely negative profitability margins, including a Net Income Margin of -214.32% and an EBIT Margin of -153.74%. A current ratio of 0.06 indicates substantial liquidity issues, raising concerns about its ability to meet short-term financial obligations. Furthermore, an Altman Z-Score of -1.19 suggests an elevated risk of bankruptcy. The company's reliance on "continued sponsor and capital markets support" to execute its strategy highlights a critical dependence on external funding to sustain operations and mitigate its precarious financial position.
2. Execution Risk of Strategic Projects: A core component of Nomadar's business strategy is "heavily dependent on successful project execution," particularly the development and operation of a "flagship multi-purpose event center in southern Spain," known as the Sportech City real estate development project. Failure to successfully complete, manage, or achieve the expected returns from this capital-intensive undertaking could significantly undermine the company's financial performance and overall viability.
3. Market Acceptance and Revenue Generation Risk: As an early-stage company with current revenues of only $885.69K (TTM), Nomadar faces the inherent risk of achieving sufficient market acceptance for its sport technology platforms, high-performance training programs, and the monetization of its intellectual property, such as the Mágico González brand. The company must demonstrate its capacity to significantly scale its revenue streams and attain profitability within a competitive sports technology and leisure market, for which there is currently insufficient comparative performance data against industry benchmarks.

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For Nomadar (NOMA), identifying 3-5 expected drivers of future revenue growth over the next 2-3 years is challenging due to limited public forward guidance and analyst coverage. Several financial reports indicate that there is insufficient analyst coverage to forecast growth and revenue for Nomadar, and no annual revenue estimates are readily available.

However, based on the company's historical performance, which shows an extremely high past revenue growth rate of approximately 12,619.9% per year (though accompanied by declining earnings and unprofitability), potential drivers for future revenue growth could be inferred, assuming the company continues its trajectory of expansion. These potential drivers, while not explicitly stated as forward guidance by Nomadar or analysts, would typically underpin such rapid revenue expansion in an emerging or volatile company:

1. Expansion of Customer Base: A significant increase in the number of customers adopting Nomadar's offerings.
2. Growth of Recently Launched Products or Services: Rapid adoption and scaling of products or services that have been recently introduced to the market.
3. Market Penetration/New Market Entry: Deepening presence in existing markets or entering new geographical or demographic markets.

Share Repurchases

• Nomadar has not reported any share repurchases.

Share Issuance

• As of November 3, 2025, Nomadar Corp. had 15.77 million shares outstanding.
• On November 27, 2024, the company executed a one-for-two reverse stock split.
• In its direct listing on the Nasdaq Capital Market on October 31, 2025, Nomadar registered 13.3 million shares for sale by existing stockholders, with the company itself not raising new capital in the listing.

Outbound Investments

• Nomadar plans to expand its High Performance Training program in 2026 through projected academy acquisitions across North America, Latin America, and Europe.

Capital Expenditures

• For the trailing twelve months and the three months ending June 2025, Nomadar reported $0.00 million in capital expenditures.
• The company has strategic plans for a Sportech City real estate development, expected to begin construction in late 2026, which will include approximately 110,000 m² and a 45,000 m² arena with seating for up to 40,000.
• Nomadar is also advancing a real estate development project for a multi-purpose event center in Southern Europe.