Nextech3D.AI Reports 194% Revenue Surge Post Map D Acquisition

NexTech AR Solutions ( (TSE:NTAR) ) just unveiled an announcement.

Nextech3D.AI has announced a significant 194% increase in unaudited revenue and a 5% increase in gross margin for its subsidiary, ARway, following the acquisition of Map Dynamics. This growth highlights the successful integration of Map D’s technology into ARway’s operations, enhancing its product offerings and market reach in the 3D mapping and AR navigation market. Additionally, Nextech3D.AI has renewed its share purchase warrant program to reward and retain its workforce, aligning their interests with the company’s long-term success. With these strategic moves, Nextech3D.AI is well-positioned for continued growth in the AI, 3D modeling, and augmented reality sectors.

More about NexTech AR Solutions

Nextech3D.ai is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3D experiences at scale for manufacturers with CAD files and for e-commerce merchants. The company’s primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology.

Average Trading Volume: 422,915

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $5.16M

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