Mr. Evan Gappelberg reports
NEXTECH3D.AI ANNOUNCES INCREASE IN REVENUE GROWTH FOR ARWAY FOLLOWING MAP D ACQUISITION
Nextech3D.ai Corp. has experienced a robust plus-194-per-cent increase in unaudited revenue and a 5-per-cent increase in gross margin for its subsidiary, ARway, in the six months following the acquisition of Map Dynamics 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 work force, 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, 3D modelling and augmented reality sectors.
About Nextech3D.ai
Corp.
Nextech3D.ai is a versatile augmented-reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for manufacturers with CAD files and for e-commerce merchants. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers with patented 2-D/3-D technology.
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