NTAR:CC - InvestorNewsBreaks - Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) (FSE: N29) Announces Preliminary Q3 2022 Results +170% Increase in 3D Modeling Revenue
Nextech (CSE: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and 3D model services, today announced a substantial enterprise customer order of $700,000 in 3D models to be delivered in the fourth quarter of 2022 and its unaudited preliminary third quarter 2022 results, ending Sept. 30, 2022. According to the update, the results show record sequential quarterly growth in 3D modeling revenue, which is expected to continue. “Q3 was a transformational quarter for Nextech AR, as demand, production and our revenue from 3D modeling has significantly ramped up. This is evident with our sequential production of 3D models up by over + 110% and our sequential revenue of 3D models up by over + 170% over Q2. Our preliminary Q3 figures are showing that our 3D modeling revenue is now growing exponentially,” said Nextech CEO Evan Gappelberg. “With today’s announcement of a $700,000 3D model order to be delivered in Q4, we are confident that Q4 will be another record quarter for Nextech. As it is still quite early in Q4, we do expect to announce additional significant orders in the coming weeks as demand and our production capabilities will only continue to increase into Q4, 2023 and beyond.”
To view the full press release, visit https://ibn.fm/dOHbY
About Nextech AR Solutions Corp.
Nextech is the engine accelerating the growth of the metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events, and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. For more information about the company, visit www.NextechAR.com.
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