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NEXTECH3D AI CORP - NEXCF STOCK NEWS

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Nextech3D AI Corp (NEXCF) is a pioneering company in generative AI-powered 3D modeling technology for major e-commerce retailers like Amazon, Miele, P&G, and Kohls. Utilizing breakthrough AI, the company transforms vast amounts of 2D content into interactive 3D holograms, enabling immersive and photo-realistic 3D assets creation. With a strong focus on the metaverse economy, Nextech3D AI offers end-to-end AR solutions in various sectors such as 3D commerce, education, events, and industrial manufacturing. The strategic partnerships and advancements in AI technology showcase the company's commitment to leading the evolution of digital commerce through cutting-edge 3D and AI solutions.

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Nextech AR Solutions Corp. (OTCQB:NEXCF) has launched EdTechX on the LiveX platform, built on Microsoft Azure, to digitally transform education for institutions. This solution facilitates video streaming, augmented reality, and analytics, successfully adopted by Ryerson University and Carnegie Mellon University. EdTechX's features include poster sessions, career fairs, convocations, and virtual learning labs. CEO Evan Gappelberg notes that the pandemic has accelerated the need for digital education. Microsoft's Nancy Teodoro emphasizes the importance of immersive technologies for enhancing student engagement.

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Nextech AR Solutions Corp. has announced the appointment of Andrew Chan as the new Chief Financial Officer. With over 20 years of experience in finance and accounting, particularly in the technology sector, Chan will lead the company's financial operations and strategic direction. The company also appointed Paul Moon as Vice President of Investor Relations. Additionally, 385,000 stock options were granted to employees and consultants at a price of $2.56 per share, vesting over three years. These leadership changes aim to bolster Nextech's growth strategy in augmented reality solutions.

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Nextech AR Solutions Corp. has appointed Andrew Chan as its new Chief Financial Officer. Chan brings over 20 years of experience in finance, accounting, and business analytics, particularly in the technology and financial services sectors. His role aims to strengthen internal relationships and enhance the company's financial operations. Additionally, Paul Moon has been appointed Vice President of Investor Relations. The company granted 385,000 stock options at a price of $2.56 per share, demonstrating a commitment to incentivizing performance.

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Nextech AR Solutions (OTCQB: NEXCF) announced that CEO Evan Gappelberg exercised warrants to acquire 262,744 shares, bringing his total ownership to 9,861,510 shares. Gappelberg expressed confidence in the company's growth prospects, emphasizing that the current share price does not reflect its potential. The company has been expanding its customer base with significant orders from organizations like Bell Canada and UNESCO, and sees opportunities for cross-selling its augmented reality solutions across various markets.

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Nextech AR Solutions Corp. announces significant changes to its Board of Directors and management team. Chief Financial Officer Kashif Malik resigns, with Eugen Winschel stepping in as interim CFO while a permanent replacement is sought. Paul Duffy, formerly President, is now the Chairman of the Board. The company aims to advance its augmented reality portfolio amidst expectations of reaching C$50 million in revenue this year, particularly benefiting from a stronger second half performance. Other key appointments include Chris Burton as EVP of Global Sales and Chetwyn Rodrigo as SVP of Platform Development.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of NEXTECH3D AI (NEXCF)?

The current stock price of NEXTECH3D AI (NEXCF) is $0.0285 as of December 23, 2024.

What is the market cap of NEXTECH3D AI (NEXCF)?

The market cap of NEXTECH3D AI (NEXCF) is approximately 4.2M.

What is Nextech3D AI Corp known for?

Nextech3D AI Corp is known for its generative AI-powered 3D modeling technology used by major e-commerce retailers like Amazon, Miele, P&G, and Kohls.

What sectors does Nextech3D AI Corp focus on?

Nextech3D AI Corp focuses on various sectors such as 3D commerce, education, events, and industrial manufacturing, offering end-to-end AR solutions.

How does Nextech3D AI Corp contribute to the metaverse economy?

Nextech3D AI Corp drives significant ROI for the metaverse economy through its innovative AR solutions and strategic partnerships.

What are the key achievements of Nextech3D AI Corp in 2024?

In 2024, Nextech3D AI Corp has achieved breakthrough generative AI patents, improved margin by 70%, reduced operating loss by 47%, and focused on large enterprise contracts for future growth.

NEXTECH3D AI CORP

OTC:NEXCF

NEXCF Rankings

NEXCF Stock Data

4.18M
132.32M
7.82%
Internet Retail
Consumer Cyclical
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United States of America
Toronto