Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched its Digital Experience Platform, LiveX, designed to enhance customer experiences through Augmented Reality (AR) innovations. Key features include AR livestreaming holograms, real-time analytics, and NFT technology integration. Nextech will host the 'LiveNow' event on June 29, 2021, featuring Gary Vaynerchuk discussing digital transformation. Additionally, 935,000 stock options have been granted to employees at a price of $2.59 per share, reflecting the company's commitment to growth and innovation in the AR space.

Nextech AR Solutions (OTCQB: NEXCF) has signed a binding letter of intent with Threedy.ai Inc. to acquire all outstanding shares, enhancing its capabilities in 3D model creation.

Threedy, based in Silicon Valley, specializes in AI technologies that automate the production of high-quality 3D models from 2D images, currently serving clients like Walmart and Wayfair.

This acquisition aims to address the bottleneck in 3D content generation, supporting Nextech's strategy to capture the growing AR market.

Nextech AR Solutions Corp. reported significant financial growth for Q1 2021, with revenue rising to $7.7 million, over 200% higher than Q1 2020. Gross profit also surged over 280% to $3.3 million, and total bookings increased by more than 4,700% to $2.2 million. The company launched its new platform, Nextech AR LiveX, which is designed for scalable virtual events and integrated with Shopify for e-commerce. Despite these achievements, Nextech reported a net loss of $9.2 million, highlighting ongoing financial challenges.

Nextech AR Solutions (OTCQB: NEXCF) plans to release its Q1 2021 financial results after market close on May 12, 2021. Following this, a conference call will be held at 5:30 p.m. Eastern Time to discuss the results, featuring CEO Evan Gappelberg and CFO Kashif Malik. The company specializes in augmented reality platforms, focusing on e-commerce through its platforms like vacuumcleanermarket.com and infinitepetlife.com. Stakeholders can expect insights into financial performance and future strategies during the call.

Nextech AR Solutions Corp. (OTCQB:NEXCF) reported impressive preliminary financial results for Q1 2021, with estimated revenues reaching $7.5-$7.7 million—surging over 200% from $2.5 million in Q1 2020. Gross profit also soared to an estimated $4.1-$4.3 million, a significant increase from $1.4 million last year. Total bookings for the quarter amounted to $2.2 million. The company highlights strong growth opportunities in augmented reality and virtual experiences, positioning itself strategically for ongoing digital transformation.

Nextech AR Solutions (OTCQB: NEXCF) announced its virtual 2021 Investor Day scheduled for April 29th from 1:00 PM to 3:00 PM EST. The event will feature the leadership team, including CEO Evan Gappelberg, providing updates on the company’s strategy, outlook, and operations. The presentation will be accessible on the company’s website afterward. Nextech primarily develops augmented reality platforms while generating revenue mainly through its e-commerce ventures: vacuumcleanermarket.com, infinitepetlife.com, and Trulyfesupplements.com.

Nextech AR Solutions Corp. (NEXCF) reported its financial and operational results for the fourth quarter and full year ending December 31, 2020. The Company highlighted significant revenue growth, achieving an annual revenue increase of 195% compared to the previous year, totaling $5.3 million. Gross profit rose to $3.1 million, representing a 98% increase year-over-year. The Company also noted improved operating efficiency, with a reduction in operating loss to $1.9 million. These results reflect Nextech's strong market position and commitment to innovative augmented reality solutions.

Nextech AR Solutions (NEXCF) plans to release its fourth quarter and full year 2020 financial results on April 15, 2021, after market close. A conference call will follow at 5:30 p.m. Eastern Time, featuring CEO Evan Gappelberg and CFO Kashif Malik. Nextech focuses on augmented reality platforms, significantly generating revenue through e-commerce sites like vacuumcleanermarket.com, infinitepetlife.com, and Trulyfesupplements.com. Investors are encouraged to join the call for insights on the company's performance and FY2020 results.

Nextech AR Solutions Corp. (NEXCF) has announced a sponsorship partnership with International Confex 2021, the premier UK event for organizers. Scheduled for June 22-23, 2021, this hybrid event marks the first in-person gathering since COVID-19 lockdowns. By leveraging its AR technologies, Nextech aims to enhance engagement and expand the event's reach through its LiveX Digital Experience Platform. Key features include real-time analytics and interactive AR experiences. The collaboration aims to deliver a robust attendee experience while setting a precedent for future hybrid events.