NexTech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Posts Impressive Financial Performance For Second Quarter of 2021 Fiscal Year

August 20, 2021

August 20, 2021 08:30:20
  • NexTech announced its financials for Q2 of the 2021 financial year, showing revenue totaling $6.1 million, a 73% year-over-year increase from the same period in 2020
  • Gross profit also grew from $2.2 million in Q2 2020 to $2.3 million in Q2 2021, representing a 6% growth
  • NexTech attributes improvement in performance to a more self-serve, highly scalable business model, better able to take advantage of the growing augmented reality industry
On August 12, 2021, NexTech AR Solutions (CSE: NTAR) (OTCQB: NEXCF) hosted a virtual conference discussing its results for the second quarter (“Q2”) 2021 fiscal year. Evan Gappelberg, the company’s Chief Executive Officer, and Andrew Chan, the Chief Financial Officer, discussed the company’s financial and operating results, followed by a live chat option where the audience asked questions later answered at the end of the event (https://ibn.fm/bAraC). Focus of the conference was on NexTech’s impressive performance over the three months that ended June 30, 2021. Revenue during that period totaled $6.1 million, a growth of over 73% compared to the same… Read More>> NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF

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