01:31:13 EDT Sat 12 Jul 2025
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ARway Corp
Symbol ARWY
Shares Issued 32,523,353
Close 2025-03-19 C$ 0.04
Market Cap C$ 1,300,934
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ARway reviews six months of financial highlights

2025-03-19 17:33 ET - News Release

Mr. Evan Gappelberg reports

ARWAY.AI ANNOUNCES SUBSTANTIAL INCREASE IN REVENUE GROWTH FOLLOWING MAP D ACQUISITION

ARway Corp. achieved a robust 194-per-cent-plus increase in unaudited revenue and a 5-per-cent increase in gross margin in the six months following the acquisition of Map Dynamics (Map D) in June, 2024. This robust growth underscores the successful integration of Map D's technology and services into ARway's operations, further solidifying ARway's position in the 3-D mapping spatial computing and AR navigation market.

ARway's unaudited revenue for the period from Sept. 1, 2024, to Feb. 28, 2025, reached $370,000, with a gross margin of 95 per cent from the previous audited fiscal year's revenue of $126,000 and a gross margin of 90 per cent, which ended Aug. 31, 2024. This substantial increase in revenue can be attributed to the synergistic benefits of the Map D acquisition, which expanded its product offerings, enhanced its technological capabilities and broadened its market reach.

Key financial highlights:

  • Unaudited revenue (Sept. 1, 2024, to Feb. 28, 2025): $370,000 with a 95-per-cent gross margin or $351,000;
  • Audited revenue (Sept. 1, 2023, to Aug. 31, 2024): $126,000 with a 90-per-cent gross margin or $113,000;
  • Revenue growth: $244,000 increase, representing a 194-per-cent gain over six months;
  • Gross margin increased by 5 per cent year over year to 95 per cent.

In addition to the strong revenue growth, Nextech3D.AI has also renewed its share purchase warrant program, issuing 9,986,221 share purchase warrants to service providers as part of their employment and consulting agreements. Each warrant grants the right to acquire one common share at an exercise price of 5.5 cents for a one-year period. The warrants will be exercised in equal monthly tranches, with recipients able to either receive shares or participate in a managed sale program for cash proceeds. This move demonstrates the company's commitment to rewarding and retaining its talented workforce, while also aligning their interests with the company's long-term success.

Nextech3D.AI and ARway remain committed to driving innovation and value creation through strategic acquisitions, operational enhancements and a relentless focus on delivering solutions that meet the evolving needs of their customers. With the success of the Map D acquisition and the continued strong performance of ARway, Nextech3D.AI is well positioned for continued growth in the rapidly expanding AI (artificial intelligence), 3-D modelling and augmented reality sectors.

We seek Safe Harbor.

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