Arway Stock Price, News & Analysis

ARway.ai, an AI-powered Augmented Reality Experience platform (CSE:ARWY, OTCQB:ARWYF, FSE:E65), has announced the issuance of stock options to key personnel. The company has granted 50,000 two-year stock options at $0.055 per share to new board member Peter Bloch, 500,000 two-year stock options at $0.055 per share to CFO Anum Wagas, and 50,000 two-year stock options at $0.055 per share to board member Anthony Pizzonia.

Peter Bloch brings significant experience as a CPA, CA, with a history of building technology companies, particularly in life sciences. His previous roles include CEO positions at BresoTEC and Bionik Laboratories, and CFO positions at several major companies including Sanofi Canada, Intellivax, and Just Energy.

Nextech3D.ai (OTCQB:NEXCF) reports key achievements for 2024, including the production of 25,000 3D models and millions of AR experiences. Financial highlights include YTD revenue of $2.9 million and gross profit of $1.88 million as of September 30, 2024. The company showed strong quarterly performance with gross profit margins reaching 74% in Q2.

The company focused on advancing automation and AI integration, including the development of FOTOgpt, while streamlining operations to achieve cash flow positivity in 2025. A major platform migration to AWS is scheduled for completion in Q1 2025. While Amazon corporate 3D modeling revenue declined, the SME business showed strong growth, positioning the company for profitability in 2025.

ARway.ai (CSE:ARWY, OTCQB:ARWYF) announced changes to its Board of Directors. Board member Belinda Tyldesley has departed for personal reasons, and Peter Bloch has been appointed as her replacement. Bloch brings extensive executive management experience, including roles as CEO of BresoTEC Inc. and Bionik Laboratories. His background includes significant achievements in securing funding, managing IPOs, and leading acquisitions. Notable positions include CFO roles at Sanofi Canada, Intellivax Inc. (sold for $1.75B to GlaxoSmithKline), Gennum , and Just Energy. He currently serves as an advisor to Mars Discovery District.

ARway.ai announces the integration of Toggle's FOTOgpt.ai Studio into its Map Dynamics (MapD) platform, extending AI photography capabilities to over 400 enterprise clients. The integration enables event organizers to create professional-grade visual content for trade shows, conferences, and expos. MapD, a self-serve event management and mapping software, serves major organizations including American Tradeshow Services, ISACA, AAPC, and NACE. The partnership aims to generate new revenue streams through enhanced attendee engagement and improved brand visibility for sponsors and exhibitors.

ARway.ai announces successful pilot with George Mason University, developing an augmented reality campus tour app for first-generation ADVANCE students. The project, led by professors Kelly Schrum and Graziella Pagliarulo McCarron, will be extended into 2025. The app features interactive GPS tracking, indoor visual positioning, and geolocation to help transfer students from Northern Virginia Community College navigate campus facilities.

The implementation currently focuses on the Student Union Building and will expand to Fenwick Library and Johnson Center. Funded by George Mason's Office of the Provost and 4-VA@Mason initiative, the project aims to create a seamless transition for community college students to four-year institutions.

ARway.ai, an AI-powered Augmented Reality Experience platform, has announced the appointment of Davidson & Company LLP as its new independent auditor, effective immediately. This change follows the resignation of the former auditor, Saturna Group Chartered Professional Accountants, at ARway's request. The company, traded as ARWYF on OTCQB, stated that there were no modifications of opinion in Saturna Group's reports on ARway's annual financial statements. Over the next month, ARway will complete the change of auditor process in accordance with National Instrument 51-102 Continuous Disclosure Obligations.

ARway.ai has announced the integration of Apple's new Enterprise APIs with its Augmented Reality (AR) solutions, leveraging Apple's Vision Pro hardware and sensors. This strategic move enhances ARway's platform capabilities, offering more precise tracking, positioning, and interactivity.

The integration enables hands-free AR experiences and supports various applications, including indoor navigation, training, advertising, and more. The announcement follows Apple's latest updates at WWDC 2024, which include improved sensor access and platform control for enhanced machine learning and AI-driven features.

ARway.ai believes this advancement will lead to more enterprise deployments and expand its reach across multiple industries such as retail, hospitality, construction, and transportation.

ARway.ai has acquired Map Dynamics (MapD) in an all-stock deal valued at over $1 million, involving 4 million ARway shares priced at $0.26 each. This transaction, which brings in $1.2 million in annual revenue and $250,000 in EBITDA, aims to enhance ARway's product offerings, increase revenue, and reduce burn through technological synergy. The integration of MapD's event mapping technology with ARway's AI-powered platform will expand ARway's market reach and fast-track its product development. The deal also includes a lockup period for shares until September 29, 2024.

ARway.ai has announced its acquisition of Map Dynamics in an all-stock deal valued at over $1 million. This strategic move is expected to add $1.2 million in annual revenue and $250,000 in EBITDA. Map Dynamics, a real-world mapping software company with over 400 clients, will integrate its technology with ARway's AI-powered augmented reality platform. The merger aims to enhance ARway's indoor mapping solutions, improve user experience, and create new revenue channels. CEO Evan Gappelberg believes the acquisition will fast-track product development and expand market offerings, making ARway a more comprehensive augmented reality navigation platform.