Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a record order of $6.7 million for 3D models from a NASDAQ 100 technology company, marking its largest single purchaser order to date. This order, coupled with a previously reported $700,000 order, brings total new orders to $7.4 million. The company expects significant growth in its 3D modeling business, fueled by demand in the $5.5 trillion e-commerce industry. CEO Evan Gappelberg highlighted the shift from 2D to 3D models as a transformative opportunity for e-commerce.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced shareholder approval on October 12, 2022, for a plan to spin out its ARway platform to a subsidiary, 1000259749 Ontario Inc. The Arrangement will provide Nextech with 16 million common shares of ARway and distribute 4 million shares to shareholders on a pro-rata basis. The ARway platform offers no-code spatial computing and augmented reality wayfinding solutions. The initiative is part of Nextech's strategy to enhance its presence in the metaverse and leverage its eCommerce platforms for growth.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced a substantial $700,000 order for 3D models to be delivered in Q4 2022. Additionally, the company's Q3 results revealed a significant 110% increase in 3D model production and a 170% boost in revenue compared to Q2 2022. The total revenue for Q3 reached approximately $3 million with a gross profit of $1.25 million. The company's technology services revenue was up 66% from Q2, showing strong demand for its offerings as it ramps up production to meet increasing market demand.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced the successful closing of various 3D modeling deals for e-commerce, leading to a significant increase in annual recurring revenue (ARR) and monthly recurring revenue (MRR). The company reports a strong demand for its AI-powered ARitize 3D technologies, with a projected total addressable market of $100 billion. Notable contracts have been secured across sectors including clothing, electronics, and sports equipment. The company's Map D software is also gaining traction in the event management sector, with numerous new contracts.

Nextech AR Solutions Corp (NEXCF) announced that CEO Evan Gappelberg will present at the Emerging Growth Conference on October 12, 2022. The presentation focuses on the company's advancements in 3D modelling for eCommerce and its ARway platform. The event aims to attract institutional and individual investors, with webcasting available for those who register. Recent highlights include a 110% jump in 3D model production in Q3 and significant upgrades to their e-commerce SaaS platform, ARitize Decorator.

Nextech AR Solutions reported a remarkable 110% increase in 3D model production in Q3 2022, producing 5,667 models for e-commerce. This growth reflects a surge in demand for their innovative technology. CEO Evan Gappelberg shared insights in an interview, highlighting their commitment to expanding capabilities. Additionally, the report mentions Trillion Energy is fully funded for a 17 well development program in Europe, aiming to boost natural gas production.

Nextech AR Solutions Corp (OTCQB: NEXCF) reported a significant increase in 3D model production, achieving over a 110% rise from Q2 2022 to Q3 2022. In Q3, the Company produced 5,667 models, with plans to create over 2,800 additional models in October, marking substantial growth. CEO Evan Gappelberg highlighted the positive impact of their partnership with Amazon, predicting a 'snowball' effect on revenue in 2023 due to ongoing demand for their 3D/AR solutions, which enhance e-commerce experiences and reduce product returns.

Nextech AR Solutions Corp (OTCQB: NEXCF) will present live at VirtualInvestorConferences.com on October 6, 2022, at 4 PM EST. CEO Evan Gappelberg will showcase the disruptive ARway platform and 3D model services, which have attracted clients like Kohls and NAPA Autoparts. Investors are encouraged to participate in real-time Q&A or view an archived webcast afterward. Pre-registration is recommended for a smoother experience. For further information, visit www.virtualinvestorconferences.com.

Nextech AR Solutions Corp (NEXCF) has announced significant upgrades to its SaaS product, ARitize Decorator, enhancing the e-commerce experience. Key features introduced include a Magic Eraser for product replacement, a Colour Changer for room personalization, and the ability to overlap multiple 3D models. These innovations aim to boost buyer confidence through true-to-scale visualizations. Additionally, CEO Evan Gappelberg received shares valued at CAD 264,962.91 as part of a related party transaction. This modernization aligns with the growing interior design software market, projected to reach $6.87 billion by 2028.