Business
ARway.ai Announces Substantial Increase in Revenue Growth Following Map D Acquisition
TORONTO, ON / ACCESS Newswire / March 19, 2025 / ARway (OTCQB:ARWYF)(CSE:ARWY) today announced a robust +194% increase in unaudited revenue and a 5% increase in gross margin in the six months following the acquisition of Map Dynamics (Map D) in June ...
About this update from Arway Corp.
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / March 19, 2025 / ARway (OTCQB:ARWYF)(CSE:ARWY) today announced a robust +194% increase in unaudited revenue and a 5% 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 3D mapping spatial computing and AR navigation market.","length":484,"tagName":"p"},{"type":"text","content":"Arway's unaudited revenue for the period from September 1, 2024, to February 28, 2025, reached $370,000, with a gross margin of 95% from the previous audited fiscal year's revenue of $126,000 and a gross margin of 90%, which ended August 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.","length":475,"tagName":"p"},{"type":"text","content":"Key Financial Highlights:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Unaudited revenue (Sept 1, 2024 - Feb 28, 2025): $370,000 with a 95% gross margin or $351,000.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Audited revenue (Sept 1, 2023 - Aug 31, 2024): $126,000 with a 90% gross margin or $113,000.","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue growth: $244,000 increase, representing a 194% gain over six months","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin increased by 5% year over year to 95%","length":50,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":311,"olType":false},{"type":"text","content":"In addition to the strong revenue growth, Nextech3D.AI has also renewed its share purchase warrant program, issuing 9,986,221 share purchase warrants (the "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 CAD$0.055 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 ...