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Friday, December 01, 2023 10:56:24 AM
OUTLOOK - SUMMARY DATA
Nextech AR Solutions is a diversified augmented reality, AI technology
company that leverages proprietary artificial intelligence (AI) to
create 3D experiences for the metaverse. Its main businesses are
creating 3D WebAR photorealistic models for the Prime Ecommerce
Marketplace as well as many other online retailers. The company
develops or acquires what it believes is a disruptive technology and
once commercialized, spins them out as stand-alone public companies
issuing a stock dividend to shareholders while retaining a significant
ownership stake in the public spin-out. In October, Nextech
completed its first spin-out--an augmented reality wayfinding solution
company called ARway (CSE: ARWY.CN, OTC: ARWYF.) The company
owns 13 million shares in ARway and distributed four million shares to
Nextech AR shareholders. The company's second spinout-- Toggle3D.ai
(CSE: TGGL.CN, PINK: TGGLF) began trading in June. It is an AI-powered
3D design studio to compete with Adobe. As one of the first movers in\
a multibillion-dollar market growing at almost 300% per year, Nextech
should be able to grow rapidly as this nascent market explodes
KEY POINTS
Ø Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The company develops or acquires Zacks Investment Research Page 4 scr.zacks.com what it believes is a disruptive technology and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out. On October 26, 2022, Nextech completed its first spin-out of an aug mented reality wayfinding solution company called ARway, (OTC: ARWYF/CSE: ARWY). The com pany owns 13 million shares in ARway and distributed four million shares to Nextech AR sharehold ers. The company's second spinout was Toggle3D, an AI-powered 3D design studio to compete with Adobe.
ØNextech3D.ai is a startup based in Toronto that was formed to provide services for and invest in, businesses using Augmented Reality (AR), holograms, and other technologies in the Metaverse. These technologies are used to improve sales and profits for eCommerce sites, and other verticals such as entertainment and education. The technology converts two-dimensional images of real ob jects and people into three dimensions. Using AR is a proven way to boost sales and reduce returns in eCommerce, and provides an engaging, economical way to provide information in the education and training space.
Ø Augmented Reality (AR) and 3D Models are just beginning to make their way into mainstream use and the market is exploding. Nextech AR is the only public pure-play we know of that is providing services to allow companies to use AR and 3D in marketing and advertising their goods. At a small price to vendors per month per SKU, the adoption of just a tiny percent of the trillions of products sold worldwide will create a massive revenue stream for Nextech AR.
Ø The company currently has two sources of revenue:
o Its main revenue generator going forward is its SaaS offerings for businesses that provide AR, 3D models, holograms, and metaverses created by Nextech AR, or by the customer themselves, for use on their shopping websites and mobile apps, or in ad campaigns. ECommerce customers are charged a monthly fee based on the number of SKUs or per model.
o The company also owns an events business that provides both virtual and in-person events and incorporates all its AR and Metaverse technologies.
Ø With a nascent market projected to increase by 289% per year over the next five years, Nextech3D.ai is a unique public pure play that could deserve a higher valuation. It currently trades at an enterprise value of US$9.1 million or 2.4xs projected 2023 sales
Recent NEXCF News
- Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company • InvestorsHub NewsWire • 02/13/2024 03:00:00 PM
- Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results • InvestorsHub NewsWire • 02/08/2024 03:00:00 PM
- Nextech3D.ai Signs New 3D Modeling Contract with Enterprise Giant Global Industrial Company • InvestorsHub NewsWire • 01/30/2024 03:00:00 PM
- AI-Powered 3D Model Search Engine Delivers a 500% Productivity Increase • AllPennyStocks.com • 01/18/2024 05:30:00 PM
- Nextech3D.ai's Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity • InvestorsHub NewsWire • 01/18/2024 03:00:00 PM
- Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic • InvestorsHub NewsWire • 01/17/2024 03:00:00 PM
- Nextech3D.ai's AI Powered Search Engine Reports a Breakthrough 80% Increase In 3D Modeling Productivity • InvestorsHub NewsWire • 01/11/2024 03:02:41 PM
- Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals • InvestorsHub NewsWire • 01/09/2024 03:00:00 PM
- Nextech3D.ai Builds Breakthrough AI Powered Search Engine To Scale 3D Model Production • InvestorsHub NewsWire • 01/04/2024 03:00:00 PM
- Nextech3D.ai Granted First in a Series of AI Patents for Generating 3D Models from Computer Aided Design (CAD) Data • InvestorsHub NewsWire • 12/13/2023 03:00:00 PM
- Nextech3D.ai Signs 3D Model Expansion Contract With Vornado Air LLC Bringing Its 3D Models Onto Amazon's Seller Central • InvestorsHub NewsWire • 12/11/2023 03:00:00 PM
- Nextech3D.ai Launches AI AD Network For Its Event Tech Platform Map DCEO to Demo Ad Network in Livestream TODAY at 2pm ET • InvestorsHub NewsWire • 12/07/2023 03:00:00 PM
- Nextech3D.ai Obtains New AI Tool Through Technology Transfer From Its Largest Customer • InvestorsHub NewsWire • 12/06/2023 03:04:56 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/01/2023 08:05:33 PM
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