Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
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 has launched its ARitize 3D self-serve SaaS platform, enabling customers to create 3D/AR models from 2D images.
This innovative service aims to expand its reach by offering affordable monthly hosting fees and zero model creation costs, making AR accessible to various ecommerce businesses.
With integration planned for major platforms like Shopify and WooCommerce, Nextech anticipates a significant revenue boost from the expected rise in monthly recurring revenue (MRR).
Nextech AR Solutions Corp (OTCQB: NEXCF) has appointed Jeff Dawley to its Board of Directors as Chair of the Audit Committee. Dawley, a Chartered Professional Accountant with extensive experience in financial services and compliance, aims to support Nextech during its growth phase in the augmented reality sector. CEO Evan Gappelberg expressed confidence in Dawley's leadership, highlighting his tech experience as critical for the company's transition into the Metaverse. This strategic move may enhance Nextech's governance and operational oversight.
Nextech AR Solutions (CSE:NTAR)(OTCQB:NEXCF) has integrated an upgraded 3D metaverse into its events platform, ARitize Events 3D. This advancement allows for the display of 3D products, aiming to drive revenue growth in 2022 and beyond. CEO Evan Gappelberg discussed these developments in a recent interview. The announcement was made in conjunction with a release from Opawica (TSXV:OPW), which identified 14 drill targets on its Bazooka Property in Quebec, facilitating future exploration. This information was brought to investors through The Power Play by The Market Herald.
Nextech AR Solutions (OTCQB: NEXCF) has launched the upgraded ARitize Events 3D platform, enhancing its virtual events offerings. This platform integrates 3D product displays with existing augmented reality solutions, targeting various applications such as education and e-commerce. The company aims to drive revenue growth in 2022 through this innovative service, which has already hosted prominent clients like Amazon and Harvard. Key features include brandable 3D virtual sets and AR showrooms tailored for vendors, providing an interactive experience absent on traditional platforms.
Nextech AR Solutions Corp rebrands itself as a Metaverse Company and introduces the new term “ARitize” for its suite of augmented reality products. This strategic move aims to align with industry leaders who recognize the Metaverse as the future of technology. The ARitize Metaverse Studio is central to this initiative, providing a comprehensive platform for managing 3D assets and creating augmented reality experiences.
Nextech emphasizes that the rebranding reflects its growth and intent to lead in the emerging Metaverse economy.
Nextech AR Solutions Corp. (NEXCF) reported Q3 2021 financial results, revealing revenue of $5.7 million, a 23% increase year-over-year. Product sales rose 20% to $4.6 million, while technology services and software licenses grew by 22% and 153% respectively. However, gross profit declined by 39% to $1.8 million due to rising supply chain costs and a 6% decrease in profitability from product sales. The nine-month revenue totaled $19.6 million, with an 83% year-over-year increase, despite a net loss of $23.3 million.
Nextech AR Solutions Corp (OTCQB: NEXCF) has been invited to the Augmented Reality & 5G Workshop organized by GovTech Singapore and Singtel on November 17-18. This exclusive event will focus on leveraging 5G for enhanced AR experiences, featuring partnerships with major tech firms like Apple. Nextech will showcase its AR solutions, including Human Holograms and AR Portals. The participation signifies growing momentum in Nextech's AR portfolio as the company continues to advance in the metaverse space.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced plans to launch the Aritize Metaverse Studio, a SaaS platform allowing users to create personalized metaverse experiences. This platform integrates multiple AR solutions, enhancing interoperability with major metaverse platforms like Meta and Apple. Expected to launch in early Q1 2022, it aims to provide a first-mover advantage in the growing metaverse sector. Currently, over 600 developers use Nextech’s existing ARway Studio, which has begun generating revenue, positioning Nextech to capitalize on the SaaS model.
Nextech AR Solutions Corp (OTCQB: NEXCF) will release its third quarter 2021 financial results before market opening on November 11, 2021. Following this, a conference call will be held at 9:00 a.m. EST featuring CEO Evan Gappelberg and other executives to discuss the financial and operational results. The call can be accessed via toll-free and international dial-in numbers and a webcast link. The company emphasizes its focus on augmented reality platforms, although a significant portion of its revenue comes from e-commerce platforms including vacuumcleanermarket.com and infinitepetlife.com.
Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed a private placement, raising approximately CAD $5 million. This involved the issuance of 3,030,304 common shares at CAD $1.65 each, along with warrants to purchase additional shares. The warrants have an exercise price of CAD $1.92 and are valid for three years. The funds will be allocated for working capital and strategic acquisitions. H.C. Wainwright & Co. acted as the exclusive placement agent, earning a CAD $400,000 commission and receiving broker warrants as part of the deal.