NEXTECH3D AI CORP - NEXCF STOCK NEWS

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.

NexTech AR Solutions Corp. has successfully closed its bought-deal short-form prospectus offering, issuing 2,801,500 units at $5.00 each, generating approximately $14 million in gross proceeds. The offering included 100,000 common share purchase warrants. Each unit consists of one common share and half a warrant, allowing for future purchase at $6.00 until April 8, 2023. Proceeds will be directed towards working capital and other purposes outlined in the prospectus. NexTech operates in the augmented reality sector, focusing on e-commerce and virtual events.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched its Digital Experience Platform (DXP), known as Nextech AR LiveX. The company utilizes augmented reality (AR) LiveStreaming technology to showcase its platform, featuring a hologram of CEO Evan Gappelberg on April 6, 2021, at 1:00 PM EST. Participants can join the live event by downloading the AiR Show app and using a specific code. The announcement highlights Nextech's innovative approach in the AR space, aimed at enhancing user experience.

Nextech AR Solutions Corp. (OTCQB: NEXCF, NEO: NTAR) has announced a live demonstration of its AiR Show technology featuring CEO Evan Gappelberg. The event is set for 10:30 AM EST and will showcase human hologram streaming into viewers' homes. Participants must download the AiR Show App to access the event, where they can interact with the hologram. The company encourages attendees to share their experiences on social media. Forward-looking statements are made regarding the event, with caution about potential risks affecting outcomes.

Nextech AR Solutions (OTCQB: NEXCF, NEO: NTAR) has joined the Interactive Advertising Bureau (IAB) AR Board, enhancing its position in the growing augmented reality (AR) advertising market. This membership allows Nextech to collaborate on industry standards and practices while expanding its digital advertising capabilities. The company’s AR technology is already delivering significant ROI to clients. Industry leaders believe AR is poised to redefine advertising strategies. Recent growth in eCommerce further emphasizes the potential for immersive advertising solutions.

Nextech AR Solutions (OTCQB: NEXCF, NEO: NTAR.NE) has joined the Interactive Advertising Bureau (IAB) AR Board, aiming to shape AR advertising standards. This membership reflects Nextech's commitment to the AR industry, offering technology and data-driven insights to enhance advertising engagement and conversion. The company has established a robust in-house advertising network showing significant ROI. Industry leaders recognize AR's potential, especially with 5G advancement. Overall, Nextech is positioned to lead in AR eCommerce and advertising.

Nextech AR Solutions (OTCQB: NEXCF, NEO: NTAR) joins the Interactive Advertising Bureau (IAB) AR Board, aiming to help shape industry standards for augmented reality (AR) advertising. With AR advertising gaining momentum, Nextech's participation will focus on setting benchmarks for performance, measuring engagement, and ensuring privacy compliance. Their proprietary technology already delivers measurable ROI on AR ads. This strategic move positions Nextech as a key player in the evolving AR advertising landscape.