Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
Nextech3D AI (NEXCF) delivers cutting-edge AI and augmented reality solutions that power immersive 3D experiences across e-commerce, education, and industrial applications. This dedicated news hub provides investors and technology stakeholders with essential resource for tracking the company's strategic developments.
Access comprehensive updates including product launch announcements, partnership agreements, financial disclosures, and technology breakthroughs. Our curated collection enables efficient monitoring of Nextech3D AI's progress in spatial computing, AI-powered 3D modeling innovations, and metaverse infrastructure development.
Key content categories include earnings reports, intellectual property milestones, executive leadership updates, and analysis of emerging AR/VR market trends. All materials maintain strict editorial standards to ensure factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to official press releases and verified third-party analysis. Regular updates ensure you remain informed about Nextech3D AI's advancements in photorealistic 3D WebAR solutions and their industry-specific applications.
Nextech AR Solutions Corp. (NEXCF) reported robust financial performance for Q3 2022, with technology services revenue rising by 66% from Q2 to approximately $920K. The company saw a remarkable 192% increase in 3D modeling revenue, alongside a 110% rise in production. Gross profit margin also improved to 60%, resulting in a gross profit of $555K. Looking ahead, Nextech anticipates continued growth with a $700K 3D model order expected in Q4. The total revenue for Q3 was $3 million, with gross profit around $1.34 million.
Nextech AR Solutions Corp. (NEXCF) reported strong Q3 2022 results, with technology services revenue rising by 66% to approximately $920K and 3D modeling revenue surging over 192% compared to Q2 2022. The company's gross profit margin improved to 60%, leading to a gross profit of around $555K. Total revenue for the quarter reached $3 million, with a gross profit of about $1.34 million. Looking forward to Q4, Nextech expects a $700,000 order and aims for continued growth in 3D modeling production.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a breakthrough in AI-enhanced 3D content creation, aiming to address the multi-billion dollar demand for 3D models. This development enables the production of thousands of models monthly, increasing revenue potential and profit margins. The company is enhancing its proprietary platform to support various product categories, including furniture and home decor. CEO Evan Gappelberg emphasized that 2023 will be pivotal for AI and 3D technologies. Nextech's innovations include a new PBR material estimation technology to streamline 3D asset creation.
Nextech AR Solutions Corp. (NEXCF) has announced record demand for its 3D modeling services, driven by strong contract renewals and new deals across various industries. The company reported a significant increase in Q3 2022 revenues, with 3D modeling revenue up over 170% from Q2. Recent contracts include major clients like Sirclo and Bunnings Group. Looking ahead, Nextech expects continued growth in 2023 and has secured a $6.7 million order from a NASDAQ 100 tech company. The upcoming earnings call is scheduled for November 17, 2022.
Nextech AR Solutions Corp. (OTCQB: NEXCF, CSE: NTAR) has announced significant updates to its Toggle3D Design Studio, a web-based application enhancing 3D modeling for product designers and marketers. Innovations include a breakthrough PBR material creation flow, reducing material design time from days to minutes, and expanded CAD conversion capabilities. The platform's user-friendly features aim to disrupt the $11 billion CAD market, attracting various early adopters. CEO Evan Gappelberg expressed optimism about revenue growth as Toggle3D prepares for commercial launch.
Evan Gappelberg has acquired 2,753,933 common shares of Arway Corporation, representing approximately 10.3% of its total shares, effective October 25, 2022. Additionally, Nextech AR Solutions Corp. acquired 12,999,900 Arway Shares, totaling about 60% of all issued shares. The Arway Shares were purchased at a deemed price of $0.125 each, amounting to $1,624,988. Following the acquisition, Nextech holds approximately 48.8% of Arway's total shares. Both acquisitions are part of a plan involving an arrangement under British Columbia's Business Corporations Act.
Nextech AR Solutions Corp (OTCQB: NEXCF) will release Q3 2022 financial results on November 17, 2022, after market close. The company will host a conference call with CEO Evan Gappelberg and CFO Andrew Chan at 5:00 PM ET. Preliminary highlights show Q3 technology services revenue rose by 66% to approximately
Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed the spin-out of ARway Corp, a no-code spatial computing platform for the metaverse, which is now trading on the Canadian Securities Exchange under the ticker ARWY. Nextech retains a stake of 13 million shares in ARway and will distribute 4 million shares to its shareholders as a stock dividend. ARway aims to capture a significant portion of the $44 billion indoor positioning market by 2025, leveraging its innovative approach to augmented reality wayfinding that requires no hardware installation.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced that its ARway Spatial Computing technology is now integrated into Encore, a music app, enabling immersive concert experiences. This collaboration opens new revenue opportunities in the music industry, complementing the company's existing AR wayfinding revenue stream. The augmented reality market is projected to reach USD 137.14 Billion by 2028, with a CAGR of 57.21% from 2021 to 2028. Nextech also plans to spin out ARway as a standalone public company, with trading expected to commence on October 26, 2022.
Nextech AR Solutions (OTCQB:NEXCF) has announced significant upgrades to its ARway platform, a no-code spatial computing solution designed for the Metaverse. The upgrades are expected to enhance user experience and functionality. Additionally, Nextech AR has indicated that ARway will commence trading on the Canadian Securities Exchange (CSE) on October 26 under the ticker symbol ARWY. The CEO, Evan Gappelberg, discussed these advancements in an interview, emphasizing the strategic importance of these developments for the company’s growth and position in the market.
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