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we can only hope revenue quickly reverses and continues to grow.
If it doesn't, then have a feeling smart money left will begin agreeing : there is no big money to be made here.
Technology services & renewable software licenses
Three months ended Sept 30, 2021
Revenue: $1,157,899
Three months ended June 30, 2021
Revenue: $1,661,033
30% revenue drop doesn't look look, simultaneously big tech competitors quickly entering the AR/Metaverse market..
NTAR losing contracts already
Let us see what upcoming financials reports depict.
The development costs are largely done. Just need to grow the revenue. I can wait. Especially at .99.
revenue here has always been growing.
For this period on financials, revenue actually declined for a first.
Slowly more and more NTAR paid features are becoming publicly available and easy to use provided by the big tech giants.
Will be impossible for NTAR to continue operating with expenses like this..
Of course they spent more money growing out the new business lines. Hence the lower bottom line. It’s a very early tech company. This is neither unusual nor is it rocket science.
Revenue on the decline. Costs push higher... still no unique tech....
Three months ended Sept 30 2021
Net loss: 8,216,674
Three months ended June 30 2021
Net loss: 5,853,678
Lots of debt.. this company in trouble.
NexTech is like the march of the penguins for me. Not real quick, might stumble and fall but keepin er movin to the goal.
More traction for sales of the e-commerce 3D modeling.
https://www.businesswire.com/news/home/20220112005142/en/Nextech-AR-Signs-Large-Enterprise-3D-Modeling-Deal-For-Ecommerce
Inside Ford Maverick’s Hot AR TikTok Campaign!
https://arvrnews.co/ar-news/ford-to-leverage-tiktok-and-ar-to-promote-the-new-maverick/
Your facts are wrong as well as your assumptions about Nextech’s thought process. Ford Motor company and Brunswick Corp. recently licensed the CAD conversion software.
NextNoTech purchased Threedy.ai for generating models from photos.
https://www.crunchbase.com/organization/threedy-ai
$10 million to them from this CEO trying to make some more friends.
Nextech focussing more on CAD now (stock pumping) because customers knew the auto photo ai models were sub-par quality and no one was buying. Open source technology can easily mimic what Nextech acquired here... way overpriced garbage acquistion.
But CAD is a thing from the 70s... Next generation technologies (metaverse) will make converting CAD to 3D models pointless - which can already be done anyways using various free software
Interesting but this is not what Nextech’s software does. Nextech’s converts CAD files to interactive 3D images that can be used in AR contexts. CAD files are basically digitalized mechanical drawings from manufacturers.
Will Sony charge money for every object scanned?
Will Sony spend a lot more on R&D to solidify and make this technology highly available?
Aren't all big tech companies working on the same thing?
Once there, who would pay Nextech any money for 3D models? No business here, just stock promotion. Overvalued
Sony is Working on a 3D Scanner that will Allow Users to Put Real-World Items Into Video Games
Sony has expressed interest in allowing players to scan physical items into games in the past, but a recent patent suggests that it's going all in
Fresh off the heels of a showcase at CES 2022 detailing the technical specs of the PS VR2, Sony has updated a patent for even more VR technology. The tech in question would allow players to scan real-world items into virtual reality, making anything interactive in the VR space.
This patent isn't actually anything new as Sony filed it on June 23, 2021, however, the patent office took issue with some of its claims requiring the tech giant to rework some details and resubmit. It would seem that, as of yesterday, Sony and the patent office have begun moving forward with the process following updates and revisions by Sony.
https://gamerant.com/sony-3d-scanner/?utm_source=tldrnewsletter
Anyone thoughts??
#NEXCF: Nextech AR CEO @EvanGappelberg....
Nextech AR CEO @EvanGappelberg discussed the news Nextech is seeing big demand for its CAD to POLY solution for the #manufacturing industry, which allows for the conversion of large #CAD files into lightweight #3Dmodels at affordable prices & at scale. https://t.co/3umccSjJAi
— Nextech3D.AI (@Nextech_AR) January 6, 2022
https://www.nextechar.com/
https://www.stockscores.com/chart.asp?TickerSymbol=NEXCF&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen
#NEXCF: Nextech AR Sees Strong 3D Model Demand....! $1.23
From Large Manufacturers Showcasing Its CAD To Poly 3D/AR Technology
SOUNDS GOOD IG'y ..... $1.23
https://www.nextechar.com/
There is no company at this stage that is not speculative, regardless of its prospects. At $1, this is worth a shot. It’s in a hot space and they are gaining market exposure. It’s that simple, for me.
True, we're just thinking ahead.
Obviously you will know the revenue in the quarterly filing for the quarter in which the revenue appears. Same as for all companies.
Where's the revenue? When will it will come? Will it always grow? How far will it decline from there?
Four crucial obvious questions for first mover hype companies like this..
How many true investors (holding over 4 years) will jump aboard after formulating answers
Your attempted spin is unconvincing. Fortune 400 companies continue to buy the products and there’s nothing you can do to stop it or explain it away. Sorry.
Amazing that huge companies like Ford are buying this “worthless” technology.
Whatever you say Mr Unhappy Green. Whatever you say...
https://www.businesswire.com/news/home/20211223005102/en/Nextech-AR-Sees-Demand-For-Its-3D-Models-Rapidly-Growing-As-It-Signs-Deals-Across-A-Wide-Spectrum-of-Industries
No money here. To much fake hype. Way overvalued.
Nextech AR to Present at the "Metaverse Platforms" Event Hosted by the VRARA
https://finance.yahoo.com/news/nextech-ar-present-metaverse-platforms-123000806.html
Nextech AR launches Stripe Integration for its 3D mapping and events platform : see press release.
not in full agreeance with you here, they really aren't that clueless...
What 'collaboration' do you see though?.. Microsoft makes money off of apps on Azure...
Dozens of mixed-reality apps seen on market place:
https://azuremarketplace.microsoft.com/en-ca/marketplace/apps/category/mixed-reality?page=2&subcategories=all
Microsoft smart, they understand technological revolutions aren't happening overnight..
Learn from others, expedite global adoption... all just aids Microsoft's future plans in developing and standardizing this technology. And once that happens.. no one will need NexTech.. while we could argue no one needs them in the now..
https://www.microsoft.com/en-us/education/mixed-reality
Uh huh. It’s a wonder that Microsoft has collaborated with NEXTECH on the virtual reality education platform. As usual, Microsoft is clueless. A dying company, run by idiots. LOL
NexTech always avoids putting price tags on products like this...
If a small company comes to them and they charge to much, they just walk away to find a cheaper solution.. or they create their own environment with something free like google AR..
But if a big company/school comes, NexTech knows they need to at-least try charging millions for the same product... CEO only cares about the stock price.. as a result business model and valuation here is way to messed up to recover
Nextech AR to Present at “The Metaverse & Augmented Reality Labs” Event with Technology And Edtech Partners
Nextech’s Augmented Reality Lab Builder for the Metaverse, is now available in the Microsoft Marketplace
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services, is pleased to announce it will be presenting with Microsoft and Ryerson University at “The Metaverse & Augmented Reality Labs: The Future of Learning'' event today, December 9, 2021, followed by a Q&A question.
https://www.businesswire.com/news/home/20211209005240/en/
To register for the event click here
https://ar-metaverse-labs.infernoar.com/register/attendees/703765d7-9713-4301-ea12-08d9a8556a91/703765d7-9713-4301-ea12-08d9a8556a91
Interesting. I wonder what the transactions costs are.
"Nextech AR Integrates With Coinbase Commerce, Now Accepting Cryptocurrency As Payment Method"
https://finance.yahoo.com/news/nextech-ar-integrates-coinbase-commerce-123000751.html
Immerse Global Summit - Metaverse
11:25AM–11:40AM
Sessions
Into The Metaverse with Nextech AR
Spatial Mapping and 3D Augmented Reality content creation that uses artificial intelligence to create and populate the Metaverse.
Evan Gappelberg
CEO and Founder at NexTech AR
Immerse Global Summit Series
Hosted by the VR/AR Association
Dec 17
6am-12pm PST / 9am - 3pm EST / 14:00-20:00 GM
https://hopin.com/events/metaverses-and-avatars/registration
He just did!! LOL
Nextech AR CEO Evan Gappelberg Buys 72,656 Shares of Company Stock In Open Market
https://finance.yahoo.com/portfolio/pf_2/view/v2
Niantic Raises $300M Investment at $9 Billion Valuation to build “real-world metaverse”
“Niantic is building a platform for AR based on a 3D map of the world that we believe will play a critical role in the next transition in computing,” said Matt Mazzeo, a General Partner at Coatue. “We are excited to partner with Niantic because we see this infrastructure supporting a metaverse for the real world and helping to power the next evolution of the internet.”
https://www.roadtovr.com/niantic-300-million-series-d-investment-valuation/
https://nianticlabs.com/en/
We asked seven venture capitalists if the metaverse is the next big thing or just a lot of hype
Great read
To get a better sense of the metaverse, we chatted with a group of Seattle-area venture capitalists to better understand this nebulous technological shift, one that traces its roots back three decades to Seattle sci-fi author Neal Stephenson.
Rapid development in 3D, AR, VR, new hardware, digital payments, etc., are the critical ‘picks and shovels’ to enable really useful and interesting experiences in the metaverse now.”
https://www.geekwire.com/2021/we-asked-seven-venture-capitalists-if-the-metaverse-is-the-next-big-thing-or-just-a-lot-of-hype/?mc_cid=e86c8ad784&mc_eid=78779b2a54
101 Ways To Invest In The Metaverse
Good article but No NEXCF mention...But it is a short list
Facebook's Meta Platforms (NASDAQ:FB) has brought mainstream attention to "the metaverse." Though this isn't something completely new, it has sparked interest from the public, looking for ways to take advantage of what some call the evolution of the internet. Metaverse stocks are quickly making their way onto watch lists right now. It's overwhelming at times with such a broad scope as to what can or can't be considered a metaverse company. Lucky for you, you've landed on this page.
https://www.marketwatch.com/press-release/101-ways-to-invest-in-the-metaverse-2021-11-21
Metaverse will save companies billions and fortunately most wont even realise how they are paying for it.
Technology is simply evolving including the metaverse with it.
NEXCF products/services way overpriced, not enough customers, no unique tech!!! expenses way to high, overvalued stock.
Nvidia CEO says the metaverse could save companies billions of dollars in the real world
Nvidia CEO Jensen Huang told CNBC on Friday that running simulations in the metaverse can deliver real-world benefits to corporations.
In a “Mad Money” interview, Huang said that’s why companies are willing to invest in the creation of virtual reality universes.
“We waste a whole bunch of things to overcompensate for the fact that we don’t simulate,” he said.
https://www.cnbc.com/2021/11/19/nvidia-ceo-says-the-metaverse-could-save-companies-billions.html
Demystifying the Metaverse, the tech world’s hottest new opportunity
The metaverse may become a multibillion dollar opportunity in just a few short years, but even with the word on everyone's lips, it's hard to arrive at an exact definition of the newest buzzword in the industry.
(NexTech mentioned)
https://www.proactiveinvestors.com/companies/news/966593/demystifying-the-metaverse-the-tech-world-s-hottest-new-opportunity-966593.html
In with a modest position today...Like what I see and read here!
Nonsense, Mr. Elmer Fud. Fortune 100 companies are using Nextech’s products. I’ll take their word over yours. Nothing personal.
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nextech3D.ai is the engine accelerating the growth of the Metaverse. Using breakthrough AI, nextech3D.ai is able to quickly, easily, and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse. Our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, nextech3D.ai is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. |
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