- Nextech recently announced preliminary Q1 2021 results in which it reported over 200% increases in both revenue and gross profits compared to a similar period last year
- Nextech is targeting revenue of between CA$50-$60 million for FY 2021, and the company intends to reach this target by launching a number of new products
- Nextech had already launched some of the planned products in Q1 2021
- The preliminary results are likely indications of the influence of the fulfilled launches and that the company is on course to realize its targets
In a presentation to investors during the Virtual Investor Conferences earlier this year, Nextech AR Solutions (CSE: NTAR) (OTCQB: NEXCF) founder and CEO Evan Gappelberg intimated that the company was targeting revenue of CA$50-60 million for FY2021. To achieve this target, Evan delineated “catalysts” in the form of planned launches that would include an ad network, new major brands for its e-commerce division, new augmented reality (“AR”) technology that facilitates holoportation and a standalone AR room product (https://ibn.fm/xgz5c).
As at the end of the first quarter of 2021, on March 31, the company had already launched its Ad Network and a holoportation feature on its AiR Show app that beams a live human hologram. Perhaps indicative of the influence these launches have already had on the…
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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