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I don’t like the new name at all. Too confusing.
Is this a real AI play or are they just jumping on the bandwagon?
Nextech3D.ai Rebrands as the Company Enters the Age of AI
https://www.globenewswire.com/news-release/2023/03/07/2622301/0/en/Nextech3D-ai-Rebrands-as-the-Company-Enters-the-Age-of-AI.html
Well, sounds like this isn't a good stock for YOU to invest in then!
Perhaps it's time for you to move on to something else.
First analyst rating ever. Price target $1.87 (USD).
HC Wainwright & Co. seem to believe good things are coming.
The new large customer is Target. Must be a company run by idiots, to buy Nextech’s “worthless” services. I’m surprised they are still in business.
Amazing that Fortune 500 companies keep buying Nextech’s supposedly worthless technology.
The modeling revenue growth is all that matters. They are signing contracts with large corporations all over the world. They got out of e-commerce, which is why revenue is down in absolute terms.
All this hype.. revenue collapse. very telling..
NexTech.. one the most expensive 3D model producers... retaining contracts is and will be difficult
REVENUE Q (MILLIONS CAD):
2022/10: 3.012
2022/07: 3.235
2022/04: 3.484
2022/01: 7.049
2021/10: 5.525
2021/07: 6.092
2021/04: 7.727
2021/01: 7.002
NET INCOME TTM:
2022/07: -31.14
2022/04: -31.14
2022/01: -32.62
2021/10: -30.77
2021/07: -27.27
2021/04: -23.41
2021/01: -15.59
USA patent now in effect. Cool. Video of how it works.
Cleaned up and shortened the intro!
Arwyf now trading in my TDA USA account. Nice.
Yes, I received quantity and price. I am smiling.
Arwy cn. Anyone else get there shares yet?
Gappleberg(?) is impressive. Watch his latest interview on Next Super Stock and realize his vision. He thinks ahead.
Automatic break even on a cash flow basis in 2023. We may have something here.
$6.7 million! Very nice indeed!!!
https://www.businesswire.com/news/home/20221005005236/en/Nextech-AR-Reports-Q3-3D-Model-Production-Jumps-110-and-Sees-Strong-Continued-Demand-in-Q4
They will likely break even in Q3 at this growth rate.
And it also appears this company can explode
It appears they are planning to spin off the maps division?
Melea Guilbault will be the new CEO of Map D!
https://www.proactiveinvestors.com/companies/news/992826/nextech-ar-solutions-appoints-melea-guilbault-as-new-ceo-of-its-map-d-event-tech-platform-992826.html
Here is Melea's Linked in profile...
https://www.linkedin.com/in/melealynn
Earnings are out! Here's a small summary
Q2 22 Earnings
(The full earnings report can be found at https://www.sedar.com/)
Live the 100$ metaverse dream brother
I’m guessing a buyout before that happens.
Think we agree
Companies who want quick ar/vr solutions will go with NexTech.
I agree they are a trusted provider. In the long term they will be phased out by the general providers
IMO none of those definitions are accurate. Metaverse will be huge (even for most people who currently think it wont affect their lives).. by the time its huge, no one will remember NexTech...
I dont deny NexTech's revenue increasing even tripling in the near term.... (kinda first mover - stock price could skyrocket and flippers could make a lot)....
But long term, this stock price will be destroyed and disappear.
So flippers be aware, we may not see higher highs...
Smart money, is big money
The most-common definitions of the 'metaverse' are: 1) an embodied virtual-reality experience; 2) a Web3 framework for economic interoperability; 3) a creative platform for experiences Some current versions may be a hybrid of these.
We don’t agree. In my view the Aritize is a very viable product. I simply point out when people start exaggerating the extent that the company has penetrated the market thus far. As with any new technology, there is an adoption curve. I believe/hope adoption will accelerate. Whereas some are overly optimistic, I find your view to be overly pessimistic. The product is good, let’s see if they can sell it. That’s the fair view.
Agree with you.
Already, some people literally have lived in the metaverse using all kinds of technology not provided by NextTech.
The business model here is fundamentally flawed. Many leaders far ahead of NexNoTech - it's a cheaper 'product' than investors here think only to get far less costly for consumers over the next decade.
Once gap fills back to 1$ kaaabooomage
Sound all alarms @ $1
It’s a positive report. But I would like to know what revenue will be derived from the new contracts, and the total number of models ordered. Conspicuously absent.
Blast off baby$$$$$$$$$
Breakout is imminent
Blue skies up ahead…… $2.50 breakout coming…..
Breakout breakout breakout coming…. Stay tuned…..
NEXCF Is about to go viral worldwide!!!
The day has come dude!!!
Fly me to the moon Frankie we got big news
Big news just hit the wires
Nextech AR Announces Multiple New 3D Modeling Contracts
August 11, 2022 07:30 AM Eastern Daylight Time
TORONTO--(BUSINESS WIRE)--Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and 3D model services is pleased to announce that the Company has signed numerous new 3D modeling deals throughout the month of July and early August, 2022.
Nextech AR has signed 26 new contracts, with 7 new contracts since July 1st with major brands, and 19 additional deals as “ tests”. These are in addition to the previously announced deals in 2022. The Company is seeing a rapidly growing demand for 3D
Santa Barbara Lighting - contracted for 3D models of lanterns and product configurator
Sports Basement - contracted for 3D models of bicycles
Life Fitness - contracted for 3D models of high-quality treadmills
Arena - contracted for 3D models of sports equipment
TekTake - contracted for 3D model of outdoor seating set
Vornado - contacted for 3D models of fans
Vcommerce - contracted for 3D model of a Land Rover Car
Strange Universe - contracted for 3D models of unique lamps
Fiskar’s Group - contracted for 3D models of whiskey glasses and a Wedgwood plate for their clients
CG1 Solutions - contracted for 3D models of a cup and saucer for their clients
Deslit Furniture - contracted for 3D model of a unique sofa
Peah Management - contracted for 3D models of their furniture
Mathis Brothers - contracted for 3D model of a couch
HNI Corporation - contracted for 3D model for a fireplace and product configurator
Clutch & Co - contracted for 3D model of their Clutch Stretch Golf Pant
Shop by BDB - contracted for 3D model of a jacket
Global Equipment - contracted for 3D model of a drinking fountain
Mouse Marketing - contracted for 3D model of a Johnny Walker bottle
Xion Global - contracted for 3D models of bitcoin
Virtual Spaces - contracted for 3D model for a weekend bag
Living NFT - contracted for 3D models of posters
Chris Willey Consulting Services - contracted for 3D model of a Nutella jar
Eden Galleries - contracted for 3D models of cartoons
Epreneurs - contracted for 3D model of a trophy
Augment Agency - contracted for 3D model of a Malibu 5K Medal
Vibin Toys - contracted for 3D models of adult toys
Nextech AR CEO Evan Gappelberg commented, “Our ARitize 3D offering is being widely accepted by both enterprise customers as well as Shopify merchants and Amazon which has led to strong foundational growth of our business in 3D models for ecommerce in the first half of 2022. A lot of the deals in the first half were to “test” 3D models and see how the integration between platforms work. Now that we have laid the foundation we are seeing strong re-orders and are expecting an acceleration of new customer contracts. Also our existing customers are now exiting the “test” phase which usually last 3-6 months and are now entering larger 12 month MRR contracts. We expect these existing customers' re-orders and scaling up of global demand for everything 3D to drive our growth in Q3, Q4 and 2023 as the ecommerce industry demands shifts into high gear for Web 3.0 and emerging digital technologies. In anticipation of this rapidly growing demand we are ramping up our 3D modelling capabilities from thousands of models per month to tens of thousands of 3D models per month. We are also expanding our revenue potential through the expansion of our technology stack with the most recent launch of our ARitize Configurator." He continues, “More and more companies and brands within the ecommerce ecosystem are recognizing the benefits and ROI of our ARitize 3D product offering. We firmly believe that the transition from flat 2D photos to 3D models is now in full swing and that 3D models are currently being established as the standard in e-commerce throughout the globe.”
These “test" contracts represent entry contracts with a limited number of SKUs so brands and businesses can test Nextech AR’s proprietary AI-powered 3D/AR eCommerce solutions. When the test’s are successful, 90% turn into larger deals which result in longer contract durations and increased revenue for the Company.
In the first half of 2022, the Company saw strong demand from ecommerce merchants both large and small to “test” 3D modeling deals, further continuing its rapid expansion and growth into Web 3.0 and creation of digital twins for eCommerce. These contracts include companies and brands with a variety of different product types from multiple industries, including furniture, home goods, sports equipment, art, lighting, petwear and more.
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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. |
"Now free of Mr Green!"
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