Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp (OTCQB: NEXCF) announces its selection as a 3D model supplier for the world's largest Prime eCommerce marketplace. In the last 45 days, Nextech signed 17 new 3D modeling deals, marking significant growth in its Web 3.0 initiatives. The CEO highlighted the growing demand for 3D/AR models in eCommerce, citing a 94% increase in conversion rates and a 40% reduction in returns. The company aims to enhance customer engagement through immersive AR experiences, with a focus on industries like furniture and home goods.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched significant upgrades to its augmented reality platform, ARway, enhancing spatial mapping capabilities. These upgrades include an upgraded mobile app for iOS and Android, no-code functionalities, and a Creator Portal for early adopters. CEO Evan Gappelberg highlighted the potential of spatial computing as the next major technological leap. The platform is designed for various sectors, including retail and healthcare, providing new revenue streams through enhanced AR experiences. Future plans include a direct spinout of ARway, offering shareholders additional stock dividends.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its ARitize 3D app on WooCommerce, enhancing e-commerce capabilities for merchants with 3D model creation. This integration taps into WooCommerce's dominance, powering nearly 30% of online stores and an estimated $20 billion in annual sales. CEO Evan Gappelberg highlighted the app as a significant milestone, providing a low-cost, self-serve option that boosts click-through rates by 94% and reduces returns by 40%. This launch is expected to accelerate growth in Q3 and Q4 as demand for 3D and AR solutions rises.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced a 100% increase in dividend shares to 3,200,000, enhancing ownership for shareholders. The company plans to directly list its ARitize Maps platform on the Canadian Securities Exchange (CSE) through a spinout arrangement. This transaction aims to minimize shareholder dilution, with shareholders receiving about 20% of Subco shares. Additionally, a private placement is set to raise a minimum of C$1.5 million through subscription receipts, underpinning further development of ARitize Maps. Future growth prospects hinge on the success of the spinout and market reception.

Nextech AR Solutions Corp (OTCQB: NEXCF) announces a strong performance in the events sector via its Map D division, reporting a 70% revenue growth in the first half of 2022 compared to 2021. The company highlights accelerating sales attributed to new categories and the transformative impact of Web 3.0 technologies on its event management software. Recent contracts with various apartment and home builder associations signal expanding market opportunities. The integration of augmented reality tools aims to enhance customer engagement and revenue growth across multiple industries.

Nextech AR Solutions (OTCQB: NEXCF) will be featured at the 'NEXT SUPER STOCK Live!' event on June 23, 2022, at 1:00 PM EST. CEO Evan Gappelberg and President Paul Duffy will discuss corporate updates, new contract growth, and the spinout of their augmented reality platform, ARitize Maps. Prior livestreams highlighted the spinout process and product presentations. The company is positioned for growth in the booming e-commerce sector with a focus on Web 3.0 and augmented reality technologies. Investors and analysts are invited to attend the livestream.

Nextech AR Solutions (OTCQB: NEXCF) announces significant growth in its SaaS business, driven by the closure of multiple 3D modeling contracts for e-commerce. This expansion enhances the company's annual recurring revenue (ARR) and monthly recurring revenue (MRR). The ARitize 3D service, which enhances sales and reduces product returns, is gaining traction among global brands, including Kohl's and NAPA Auto Parts. With a promising outlook, Nextech sees an accelerating transition to 3D models in e-commerce, aiming to capitalize on the burgeoning trillion-dollar industry.

Nextech AR Solutions Corp (OTCQB: NEXCF) is refocusing on its Web 3.0 SaaS business, moving away from its legacy e-commerce operations. This transition is expected to save $8-$10 million annually and generate an additional $1-$2 million from inventory sales. The company's CEO Evan Gappelberg emphasized the growth potential in 3D modeling and augmented reality, with a significant 300% year-over-year increase in renewable software licenses. Nextech is positioning itself as a technology leader in the metaverse space, launching innovative solutions like ARitize Maps.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a significant upgrade to its Map D platform, enhancing event management capabilities by integrating attendee ticket sales and registration. This upgrade aims to optimize revenue opportunities for clients, providing a comprehensive solution for event management. The company also highlights its breakthrough in spatial mapping technology, facilitating augmented reality applications. With a potential market growth in online event ticketing projected at USD 94.92 billion by 2027, Nextech positions itself as a key player in this evolving sector.