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NexTech AR Solutions Corp. (NEXCF)

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4.5800+0.2379 (+5.48%)
At close: 3:59PM EDT
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Previous Close4.3421
Open4.3600
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range4.3000 - 4.7000
52 Week Range0.4511 - 7.4200
Volume342,986
Avg. Volume967,164
Market Cap314.946M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0670
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.12
  • GlobeNewswire

    NexTech’s InfernoAR Chosen by Grundfos the Largest Pump Manufacturer in the World for Multiple Virtual Trade Shows

    Company Continues To Expand its Global Footprint For Video Conferencing and Virtual Trade Shows s as Digital Transformation AcceleratesVANCOUVER, British Columbia, Sept. 16, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, is pleased to announce that Grundfos, the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally and offices in 56 countries has chosen InfernoAR for both its Virtual summit for its UK team to highlight the company's focus on innovation and it’s Virtual summits for Norway and Sweden. The event's initial deal value is $60,000 and will have sponsorship opportunities with virtual booths and AR, potentially increasing the value of the deal significantly. Grundfos is the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally. The annual production of more than 16 million pump units, circulator pumps, submersible pumps, and centrifugal pumps.According to Grandview Research the global virtual events market in 2020 is $90 billion and expected to reach more than $400 billion by 2027, growing at a 23% CAGR. With NexTech’s InfernoAR platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, NexTech is well positioned to rapidly take market share as the growth, and digital transformation accelerates globally.Evan Gappelberg, CEO of NexTech comments, “We are rapidly singing international deals with multi-national companies and market leaders like Grundfos that are choosing our InfernoAR over our competition because our platform simply is a better solution”. This deal with a multi-billion dollar global manufacturer demonstrates our ability to help our clients engage their teams, customers and suppliers on a global scale and our commitment to building long-term relationships with the biggest businesses in the world”. He continues ”We are experiencing significant business momentum in North America and in the EMEA (Europe, the Middle East and Africa) region. We continue to execute on our business plan which is to invest in our business with the rapid build-out of our AR and video conferencing technology as well as the rapid hiring of talent to meet the ever growing demand for our products and services.”Recent Company Highlights in 2020:September 11th, 2020:  NexTech is now an approved Microsoft Partner creating enormous new business opportunities for the company. This partnership provides access to the Azure Marketplace so that InfernoAR can be sold directly through the Marketplace.September 9th, 2020: The company acquired fast-growing eCommerce software platform Next Level Ninjas. Next Level Ninjas matches brands and product testers on its VIP Product Testers site, helping brands gain business momentum. The platform works across multiple eCommerce platforms including Amazon, eBay, Shopify, Walmart, Jet and Etsy. It services nine Amazon marketplaces: US, CA, JP, AU and five EU marketplaces: UK, DE, FR, IT, ES.September 3th, 2020: TAG Digital Health a member TAG has chosen InfernoAR for its November 1st event at a cost of $50,000 for the initial event. There will be sponsorship opportunities with virtual booths and AR. TAG hosts more than 150 events each year and serves as an umbrella organization for 24 professional societies.August 27, 2020: Carnegie Mellon University has chosen NexTech’s InfernoAR platform for a virtual series beginning September 2020.August 25, 2020 Q2 2020 highlights: * Revenue grows 290% to $3.5 million * Gross Profit grows 484% to $2.1 million with a 61% margin * Working Capital of $5.6 million * Total Bookings $3.7 millionAugust 11, 2020: Company announced that it has begun a major expansion of its AR ecommerce business. In the past 60 days the company has signed new distributor deals with major brands such as; Dyson, Philips Norelco, MR. Coffee, VitaMix, MetroVac, Breviel, and Cusinart. These new distribution deals position the company to take full advantage of the new SFH (shop from home) paradigm shift in e-commerce as well as leverage its full augmented reality technology stack into these brands, which includes its WebAR, ARitize360 app and its 3D/AR advertising network. The company expects these new products to have a significant impact on future revenues.July 30, 2020: Ryerson University, a globally recognized leader in Higher Education with over 46,000 students have partnered to launch RALE, the Ryerson Augmented Learning Experience platform, based on NexTech’s InfernoAR. The technology license agreement has an initial value of $250,000 with the potential for more revenue tied to additional AR services.July 17, 2020: The company launched a new immersive video conferencing software called ScreenAR.July 13, 2020: The company is launching a new video conferencing software into its InfernoAR platform (September 2020). The new video conferencing features will integrate collaborative classroom learning, one to one networking and traditional video conferencing directly into the platform letting users seamlessly launch and manage both collaborative experiences and large audience events directly from InfernoAR.July 8, 2020: The company is pleased to announce that it has filed to uplist its stock to the Nasdaq Capital Market.July 2, 2020: Hired Arnaud Amet as Director of  Sales for Europe. Mr. Amet situated in Paris, France comes from regional and global sales and marketing roles in Microsoft (MSFT) where he worked for over a decade ending in 2015. He also has significant experience with his own startup in sales and marketing of AR/VR to large brands partnering with Facebook (FB), Huawei and Microsoft.June 18, 2020: Company announces that it has signed a partner supplier agreement with BDA, LLC. BDA Sports will be using the InfernoAR virtual event platform for their signature annual Think Tank 2020 program for teams in NHL, NBA,  MLB, and NFL.June 10, 2020: Company signed a partner agreement and contract to provide its InfernoAR Virtual Events platform services to Skybridge World Dubai clients. Skybridge is a leading events, exhibition and marketing solutions provider to global corporations whose clients include: Emirates Glass, IBM, Lilly, Henkel, Amgen and many others. NexTech and Skybridge have already solidified their partnership and signed up their first customer, Bohringer Ingelheim.June 4, 2020: The company launched its new ARitize360 app now live and available for a FREE download on both iOS and Android. The app's 3D scan technology will add to the revenue-generating power of its AR eCommerce solution and its recently launched 3D/AR advertising platform.June 1, 2020: CEO Evan Gappelberg purchased 100,000 shares. It was reported that on 5/5/2020 he purchased 929,885 common shares of NexTech common stock, this is his fourth buy for the year 2020.May 22, 2020: The company announced very positive results for its recently launched 3D/AR Ad Network which went live on February 4th 2020. Using the company’s 3D/AR ads resulted in a 300% increase in sales conversions, a 32% increase in click-through-rate (CTR) and a 23% lower cost per click than traditional 2D ads.May 14, 2020: Q1 Revenue grows 177% to $2.5 million, Gross Profit grows 267% to $1.3 million, Working Capital of $3.5 million.May 12, 2020: InfernoAR platform integration with all major video platforms including its previously announced integration with Zoom, Microsoft Teams, Skype, and new integrations with Cisco Webex, BlueJeans, Google Hangouts, Google Meet, and GoToMeetings. These critical integrations continue to extend the capabilities of the platform, broaden the utility of the platform and help end-users become even more productive while using the platform.About NexTech AR NexTech is one of the leaders in the rapidly growing Augmented Reality market  estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.The company is pursuing four verticals: InfernoAR:  An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’s InfernoAR platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ​‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its Aritize white label app it’s ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.On behalf of the Board of NexTech AR Solutions Corp. “Evan Gappelberg” CEO and DirectorFor further information, please contact:Evan Gappelberg Chief Executive Officer info@nextechar.com  The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

  • GlobeNewswire

    CEOs of eBay, CloudMD, Veeva Systems, and NexTech AR Discuss Emerging Mega-Trends in Cloud-based Healthcare, Digital Marketplaces & Virtual Tradeshows

    NEW YORK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: eBay (NASDAQ:EBAY), CloudMD(OTC: DOCRF) (TSX.V: DOC), Veeva Systems (NYSE: VEEV), and NexTech AR (OTC: NEXCF) (CSE: NTAR). Accelerating digital transformation is driving record growth, in the cloud, big data, and digital connectivity. Wall Street Reporter highlights the latest comments from industry thought leaders:eBay, Inc. (NASDAQ:EBAY) CEO Jamie Iannone: ”A Clear Vision To Realize Enormous Untapped Potential of eBay.”“…Consumer behavior is rapidly evolving, and this dynamic has been accelerated by COVID-19, contributing to a significant volume acceleration and new customer acquisition. This led to a very strong quarter, coming in ahead of the recently increased expectations we shared in early June….Volume was strong across most major markets in the Marketplaces business, growing 29%, our highest quarterly growth rate in 15 years. We also added approximately 8 million more buyers to bring the annual active buyer base to 182 million.”“Our ambition to become the best global marketplace has been built with customers at the center, and an acknowledgment of the driving force of our success has always been and must continue to be our leadership in technology. This is why the entire team at eBay is rallying around three key priorities to execute on the vision: One, to build compelling next gen experiences for our enthusiasts. Second, is become the partner of choice for our sellers and third is to cultivate lifelong, trusted relationships with buyers. We plan to modernize and simplify the experience to drive more purchase frequency by leveraging AI teams to remove friction throughout the buying journey…We’re building up our capabilities in AI and data science and computer vision.”“...We have a clear vision to realize the enormous untapped potential of eBay. This will be a multiyear process and will require investment but through a tech-led re-imagination, our plan is to become the best marketplace in the world for buyers and sellers.”eBay (NASDAQ:EBAY) Earnings call highlights available at: https://bit.ly/3g3VUlwNexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) CEO Evan Gappelberg: “Firing on all Cylinders - Positioned for Exponential Revenue Growth”In recent weeks NEXCF has made significant strides, across it’s key business units which position the company for significant growth. These include: New Microsoft Partnership, revenue generating eCommerce SaaS acquisition, key executive hires, and ecomm product line expansions, a C$13 million capital raise, and NASDAQ uplisting application. NEXCF is now “firing on all cylinders” as its eCommerce and SaaS AR solutions business units are also rapidly growing with new product line expansions, and M&A activity.Watch NEXT SUPER STOCK NEXCF CEO LiveChat: https://bit.ly/3ggoWP7In a recent presentation at Wall Street Reporter's "Next Super Stock" livestream investor conference, CEO Evan Gappelberg and President Paul Duffy, shared with investors how NexTech, video conference and AR solutions are displacing the $150 billion tradeshow and meeting market. Up for grabs is the digital transformation of the global trade show market. According to Grandview Research the global virtual events market in 2020 is $90 billion and expected to reach more than $400 billion by 2027, growing at a 23% CAGR. With NexTech’s InfernoAR platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, NexTech is well positioned to rapidly take market share as the growth, and digital transformation accelerates globally.September 15 - Fenestration Digital, the UK’s window industry trade association, chooses NexTech’s InfernoAR platform for five virtual trade show events in 2020/21 in a contract worth over C$280,000.September 11 - NexTech became an approved Microsoft partner with access to the Azure Marketplace - allowing NEXCF’s InfernoAR to be sold directly through the Marketplace. This new sales channel opens to the door to exponential revenue growth opportunities.September 9 - NEXCF acquires fast-growing eCommerce SaaS platform Next Level Ninjas which matches brands and product testers on it's VIP Product Testers site, helping brands gain marketplace momentum. The platform works across multiple eCommerce platforms including Amazon, eBay, Shopify, Walmart, Jet and Etsy. By acquiring this Amazon eCommerce launch platform NexTech is now able to tie together its augmented reality (AR) offerings for eCommerce into one offering, creating a complete AR eCommerce ecosystem. Established in 2019, Next Level Ninjas has experienced both dramatic organic growth and an attractive gross profit margin of 85%. In the month of August alone the business generated $40,000 in operating profit, implying a projected 12-month profit run rate of $480,000, which assumes zero growth post acquisition. "I believe that Next Level Ninja for eCommerce can quickly become a multi-million dollar business becoming as big a  driver of revenue and cash flow as our Jolokia (renamed InfernoAR) acquisition”, commented NEXCF CEO Evan Gappelberg. This acquisition represents the company's sixth acquisition since 2019 and the company's second in 2020.August 25 - NEXCF reported record 290% revenue growth for Q2 2020, and a growing sales pipeline.July 8 - NEXCF announced it has filed to up-list its shares to NASDAQ.Watch NEXT SUPER STOCK NEXCF CEO LiveChat: https://bit.ly/3ggoWP7CLICK HERE TO JOIN Wall Street Reporter’s NEXT SUPER STOCK Livestream September 16: https://bit.ly/2PX0SpHCloudMD (OTC: DOCRF) (TSX.V: DOC): "The Future of Telemedicine"CloudMD (OTC: DOCRF) (TSX.V:DOC) CEO Dr. Essam Hamza, M.D. recently shared with Wall Street Reporter’s investor audiences how CloudMD is addressing a multi-billion dollar market opportunity by digitizing the delivery of healthcare - providing patients access to all points of their care from their phone, tablet or desktop computer. In the September 10 LiveChat with Wall Street Reporter’s global investor audience, Dr. Hamza explained how CloudMD is now entering it's next exciting growth phase, fueled by a recent capital raise.Click here to watch DOCRF September 10 livestream: https://bit.ly/35wp6A1Latest DOCRF News: September 14 - DOCRF signs agreement to acquire iMD Health Global Corp. a revolutionary patient engagement software company with over 10,000 healthcare professionals and other users, and access to over 7.5 million patients.August 31 - DOCRF reports 163% Year-Over-Year Q2 Results, Growth Driven by Telehealth and AcquisitionsAugust 13 - DOCRF is acquiring majority interest in West Mississauga Medical Clinic a comprehensive family medicine and specialist medical clinic serving over 100,000 patients, securing footprint in Ontario with cash flow positive clinic, with revenue of C$1.8 million in 2019.August 6 - DOCRF continues US expansion with an acquisition of a chronic care medical clinic in Mississippi, as a part of its broader strategy for entering the U.S. market with its comprehensive suite of telehealth products. This clinic will, power a network of telehealth powered satellite clinics covering large areas of underserviced areas across the U.S.July 28 - CloudMD announced signing a definitive agreement to acquire South Surrey Medical Clinic, a premier provider of integrated medical solutions and an early adopter of telemedicine delivery. The Clinic has been able to streamline healthcare services and provide longitudinal and team-based patient-centric care by offering a number of medical services from one location. The clinic operates with 24 healthcare professionals, including, 12 physicians across various specialities including mental health, women’s health, sports medicine, gynecology and psychiatry. South Surrey services over 60,000 patients and already uses online booking, EMR software and telemedicine that will be easily integrated into CloudMD’s software and clinic network.Click here to watch DOCRF September 10 livestream: https://bit.ly/35wp6A1CLICK HERE TO JOIN Wall Street Reporter’s NEXT SUPER STOCK Livestream September 16: https://bit.ly/2PX0SpHVeeva Systems Inc. (NYSE: VEEV), CEO Peter Gassner:  “Veeva’s Cloud Innovation Powering Pharma & LifeSciences”“…Telemedicine increased rapidly in the U.S. from less than 1% of doctor visits in February to more than 30% of visits in April. Doctors and patients are getting used to a mix of in-person and digital interactions and are finding it productive. Using Veeva Pulse data from Veeva CRM, we see that in the U.S., remote meetings between pharma and doctors with Veeva Engage are up more than 30 times and approved e-mail communications are up more than two times from February to April.”“Doctors are telling us they find digital meetings effective and they look forward to a mix of in-person and digital interactions once things get back to normal. It's good to see the healthcare systems and the life sciences industry evolving so rapidly. It was a very busy quarter for Veeva, we executed our first ever entirely remote product releases in both CRM and Vault. We made major changes to our product plans to release new digital capabilities, customers need most right now….Two big new areas of innovation, Data Cloud and MyVeeva: We had a major announcement for commercial in March with Veeva Data Cloud planned for the U.S. by year-end. Veeva Data Cloud will bring a better solution for patient data to the industry. This is a large, underserved area and ripe for disruption. Like the other markets we've entered, we aim to bring much needed innovation…”Veeva Systems (NYSE: VEEV) Earnings Call Highlights Available at: https://bit.ly/2FnuP0wAbout Wall Street Reporter: Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.comAbout Wall Street Reporter’s “Next Super Stock” conference: Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join the next livestream: https://bit.ly/2PX0SpHCONTACT: WALL STREET REPORTER (212) 871-2057 ext 7 www.WallStreetReporter.com

  • Baystreet

    Stocks in play: NexTech AR Solutions

    Announced that Fenestration Digital, one the UK’s leading construction & media platforms, has chosen ...