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.
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.
Nextech AR Solutions Corp (OTCQB: NEXCF) has entered a binding agreement with PC 1 Corp to complete a qualifying transaction on the TSX-V. The transaction involves PC 1 acquiring ARWAY Ltd., which owns the ARitize Maps platform, a no-code Metaverse creator tool. The deal is expected to create shareholder value, with Nextech retaining significant ownership. A private placement aiming to raise at least $1,500,000 is also planned, ensuring no dilution for existing shareholders. The transaction is subject to regulatory and shareholder approvals.
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.