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 from May 23-26, 2022, in Miami Beach, Florida. The presentation is scheduled for May 24, 2022, from 11:30 am to 12 pm ET at Fontainebleau Miami Beach Hotel. Gappelberg will also hold virtual and in-person meetings throughout the event. Recent highlights include multiple new 3D modeling deals and significant growth in Q1 results in the AR sector.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced substantial growth in 3D modeling contracts within the first 6 weeks of Q2 2022, surpassing total contracts from Q1. The company has signed multiple deals, expanding its annual recurring revenue (ARR) and monthly recurring revenue (MRR) streams, coinciding with an increasing demand for its ARitize technologies. Nextech has reported a total of 4,596,667 3D AR model views and experienced a surge in client acquisitions across various sectors, emphasizing a growing footprint in ecommerce.

Nextech AR Solutions (CSE:NTAR) (OTCQB:NEXCF) reported impressive Q1 2022 results, showcasing a significant 62% revenue growth and record annual recurring revenue of $1,346,000. CEO Evan Gappelberg discussed these achievements in an exclusive interview, providing insights into the company's promising outlook for Q2. The Power Play by The Market Herald features interviews with Nextech and other companies, offering quick snapshots for investors. This results announcement highlights the company's strong performance and strategic direction in the AR solutions market.

Nextech AR Solutions Corp. (NEXCF) reports significant growth in Q1 2022, highlighting a 62% increase in sequential quarterly Annual Recurring Revenue (ARR), now reaching a record $1.346 million. The company achieved a 100% increase in the average deal size for 3D AR models, climbing to $10,000. Notably, Q2 has already exceeded Q1 in contract values within just six weeks. Furthermore, operating expenses reduced by $2.7 million year-over-year, leading to a net loss of $7.7 million for the quarter.

Nextech AR Solutions Corp (OTCQB: NEXCF) will release its first quarter 2022 financial results on May 16, 2022, after market close. A conference call is scheduled for the same day at 5:00 PM Eastern Time, hosted by CEO Evan Gappelberg and CFO Andrew Chan, to discuss the results. Recent developments include signing multiple 3D modeling deals and launching the 365 MetaMarketplace in partnership with Restaurants Canada. Investors can access the conference via a toll-free number or webcast, with a recording available later on the company's IR website.

Nextech AR Solutions Corp (OTCQB: NEXCF) has closed multiple new 3D modeling deals for eCommerce, adding approximately 400 new models to the existing 1,500. This growth indicates an accelerating demand for their ARitize 3D technology, which enhances profitability and customer engagement. The company charges a recurring fee of $10-$50 per model, leading to annual recurring revenue growth. With estimates suggesting a potential 40% reduction in eCommerce returns, translating to nearly $600 billion in savings, the demand for accurate 3D models is expected to continue rising.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced its intention to voluntarily delist from the NEO Exchange to lower costs associated with multiple listings. The delisting is expected to occur at the close of business on May 12, 2022. Despite this change, the company's common shares will continue to be listed on the Canadian Securities Exchange (CSE) under the symbol NTAR. Investors are not required to take any action regarding this delisting.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched the 365 Marketplace in partnership with Restaurants Canada at the 2022 RC Show, a premier foodservice event held from May 9-11, 2022. This innovative platform integrates 3D/AR technology to create an interactive hybrid marketplace, featuring 5,000 virtual vendor profiles for over 30,000 members. Aimed to revolutionize eCommerce in the foodservice sector, Nextech’s marketplace aspires to become the Shopify of the industry, expanding into global markets.

Nextech AR Solutions Corp (OTCQB: NEXCF) has closed numerous deals for 3D model e-commerce services, confirming a surge in demand for its AI-powered ARitize 3D factory. The company is set to produce over 1,500 3D models from these contracts alone. With major clients across the furniture, solar energy, artwork, sports equipment, and automotive sectors, Nextech anticipates continued growth. CEO Evan Gappelberg highlighted that this momentum reflects strong market demand, enhancing the need for scalable 3D model solutions in e-commerce.