Business
Nextech3D.AI Announces Increase in Revenue Growth for ARway Following Map D Acquisition
TORONTO, ON / ACCESS Newswire / March 19, 2025 / Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS), a leading technology company specializing in AI-powered 3D modeling, augmented reality, and immersive experiences, today announced a robust +194% increase ...
About this update from Nextech3d.ai Corporation
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / March 19, 2025 / Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS), a leading technology company specializing in AI-powered 3D modeling, augmented reality, and immersive experiences, today announced a robust +194% increase in unaudited revenue and a 5% increase in gross margin for its subsidiary, ARway (OTCQB:ARWYF)(CSE:ARWY), 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":667,"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 Warr...