Published on : Oct 13, 2022
Nextech AR Announces $700,000 3D Model Order For Delivery in Q4
Q3 3D-Model Production Jumps 110%
Nextech AR Solutions Corp. ("Nextech" or the "Company") (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality ("AR") experience technologies and 3D model services is pleased to announce a substantial enterprise customer order of $700,000 in 3D models to be delivered in Q4, 2022 and its unaudited preliminary third quarter 2022 results, ending September 30, 2022. These preliminary results show record sequential quarterly growth in 3D modeling revenue in Q3 and the rapid growth continuing in Q4.
"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." He continues, "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."
2022 Q3: 3D Model and Technology Services Financial Highlights (unaudited)
2022 Q3: Legacy E-commerce Business Results (unaudited)
2022 Q3 Totals:(unaudited)
The above figures are unaudited and may be subject to change. Audited figures for the quarter ended September 30, 2022 will be published in mid November 2022.
2022 Q4 Outlook