Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp (OTCQB: NEXCF) announced that CEO Evan Gappelberg will present at the H.C. Wainwright Global Investment Conference, scheduled for September 12-14, 2022, in New York City. The presentation will be available on demand starting at 7:00 a.m. EST on September 12. Gappelberg will also engage in virtual one-on-one meetings during the event. Highlights include Nextech's adoption of LiDAR technology for its ARway platform, reporting record growth in 3D modeling services, and the planned spin-out of ARway as a standalone public company, expected to begin trading in October 2022.

Nextech AR Solutions Corp (OTCQB: NEXCF) is set to showcase its ARway platform at the Future Festival in Toronto from September 27-29, 2022. This platform allows users to create interactive AR experiences and is a key revenue driver, with the indoor positioning market projected to reach $23.6 billion by 2025. Additionally, Nextech is spinning out ARway as a standalone public entity, with shareholders entitled to 4 million shares. Their technology has already been utilized effectively in significant events, enhancing engagement.

Nextech AR Solutions (OTCQB:NEXCF) is adopting LiDAR technology for its spatial mapping platform, ARway, enhancing its metaverse capabilities. This progression represents a shift towards creating hyper-accurate meshes, crucial for advanced augmented reality applications. CEO Evan Gappelberg discussed the implications of this technology adoption during a recent interview. The move is expected to strengthen Nextech AR's position in the competitive metaverse landscape.

Nextech AR Solutions Corp (OTCQB: NEXCF) announces the adoption of LiDAR technology in its ARway platform, enhancing spatial mapping accuracy for augmented reality experiences. LiDAR enables the creation of detailed 3D models, offering improved user experiences for applications such as real estate and wayfinding. This growth aligns Nextech with industry leaders investing in advanced technologies. The company anticipates a favorable market position for ARway, projected to spin out as a standalone public company in October 2022.

Nextech AR Solutions (CSE:NTAR, OTCQB:NEXCF) has reported a remarkable 30% sequential growth in Annual Recurring Revenue (ARR) for Q2 2022, reaching nearly $1 million. This growth indicates a strong demand for their 3D modeling solutions as the company continues to expand its market presence. CEO Evan Gappelberg discussed these results in a recent interview, highlighting the company's ongoing commitment to innovation and customer satisfaction.

Nextech AR Solutions reported Q2 2022 financial results, achieving a 30% sequential growth in Annual Recurring Revenue (ARR) to nearly $1 million. The company recorded a record ARR of $1,566,000 and a 40% increase in Web3.0 3D modeling revenue. Cash burn decreased to $1 million/month, with expectations to cut expenses further by $500,000/month in the latter half of 2022. A wind-down of the eCommerce business is projected to bolster cash reserves by $1-2 million. Significant management changes were announced, alongside plans for a stock dividend following the anticipated ARway spinout.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced its participation in the Q3 Virtual Investor Summit, scheduled for August 16, 2022, at 10:15 AM ET. CEO Evan Gappelberg will present the Company's advancements in 3D modeling for e-commerce and the ARway technology for the Metaverse. The presentation will be accessible via webcast, with a recording available later. Investors can register for one-on-one meetings with Gappelberg, and the summit is complimentary for qualified participants.

Nextech AR Solutions Corp (NEXCF, NTAR) has announced the signing of 26 new 3D modeling contracts in July and early August 2022, with 7 of these being with major brands. The demand for 3D models is increasing as more companies transition from 2D to 3D e-commerce solutions. CEO Evan Gappelberg noted that existing customers are moving from test phases to longer-term contracts, indicating strong growth potential. The company is preparing to ramp up its 3D modeling capabilities from thousands to tens of thousands of models per month to meet anticipated demand.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched the ARitize Configurator, an upgrade to its ARitize 3D app, enhancing eCommerce functionality for Shopify merchants. The app boasts a 40% conversion rate with 312 downloads and 124 paid merchant subscriptions. The Configurator allows businesses to display multiple product variations from a single 3D model, improving customer engagement and purchasing confidence through augmented reality experiences. CEO Evan Gappelberg emphasized the importance of adopting 3D model technology in the competitive eCommerce landscape.