Nextech3D.ai Corp. develops AI and machine-learning software for event technology, digital commerce, and spatial computing. Its updates center on enterprise event platforms, including Eventdex, Map D/Map Dynamics and Krafty Labs, as well as AI-driven event intelligence, automation, computer vision, 3D modeling, digital twins and ARitize3D product visualization.
Company news also covers platform monetization and integrations such as hotel booking, blockchain-based ticketing, custodial wallets and fiat checkout, along with enterprise contracts, operating-efficiency initiatives, auditor changes and insider ownership activity.
Evan Gappelberg has acquired 250,000 common shares of Nextech AR Solutions Corp. (NEXCF), increasing his total ownership to 10,422,461 shares, which represents 10.36% of the company's outstanding shares. The acquisition was made in the open market and is managed for investment purposes. Gappelberg may consider future acquisitions or dispositions of the company's securities based on market conditions. For detailed information, the Early Warning Report is available on SEDAR.
ARway Corporation is set to present its innovative augmented reality wayfinding platform at VirtualInvestorConferences.com on December 1, 2022, at 3:30 PM EST. CEO Evan Gappelberg will lead the live, interactive presentation, inviting questions from attendees. Recent achievements include the company's trading debut in the USA under the symbol ARWYF and its international listing on the Frankfurt Stock Exchange as E65. Investors are encouraged to pre-register for the event, and an archived version will be available post-presentation.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced significant growth potential with 26 new contracts in November for its Map D business, which is transforming into a leading Event Technology Company. The firm aims for triple-digit revenue growth in 2023 by leveraging its augmented reality and XR technologies. Key executive hires, including Melea Guilbault as CEO of Map D, bolster its strategy. The integration with ARway and Web 3.0 technologies enables enhanced event management solutions, capturing opportunities in the $50 billion events industry.
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 $920K, while 3D modeling revenue surged over 170% from the previous quarter. Total Q3 revenue is projected at $3 million with a gross profit of approximately $1.25 million.