See more : ExcelFin Acquisition Corp. (XFINU) Income Statement Analysis – Financial Results
Complete financial analysis of NexTech AR Solutions Corp. (NEXCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NexTech AR Solutions Corp., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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NexTech AR Solutions Corp. (NEXCF)
About NexTech AR Solutions Corp.
NexTech AR Solutions Corp. engages in the acquisition and development of augmented reality (AR) technology. It operates e-commerce platforms, including vacuumcleanermarket.com, a vacuum cleaner retailer focused on residential vacuums, supplies, and parts, which is operated through a retail location and online sales channels; infinitepetlife.com, a health food supplement for animals, which is operated through online sales channels; Trulyfesupplements.com, a health supplement online store; and nextlevelninjas.com that provides services to help vendors using e-commerce platforms. The company also offers various smartphone applications, including ARitize Maps that allows users to spatially map their location and populate it with interactive 3D objects, navigations, wayfinding, audio, and other; ARitize 3D for eCommerce, an end-to-end AR platform that enables users to embed a 3D model in a product page on an ecommerce website; ARitize Swirl, a swirling (rotating) 3D asset on the header or page of an ecommerce website; ARitize Social Swirl, a social media AR filter designed to promote and visualize ecommerce products; ARitize Ads, an ad solution for captivating 3D ads; ARitize CAD enables the conversion of CAD files into 3D/AR models at scale; ARitize Decorator enables to virtually preview home furnishing and decor in a desired location; and ARitize Holograms, a human hologram creator mobile app. In addition, it provides ARitize CPG, an interactive AR hologram app; ARitize Labs that offers pre-recorded AR learning objects; ARitize Events 3D, a virtual and hybrid events platform; ARitize Portals to transport users into new environments using AR; ARitize Capture that allows user to create 3D AR photo realistic models from their smartphones; ARitize Play to experience AR technology; and Map D, a virtual events platform that allows organizers to create, host, and manage live events. NexTech AR Solutions Corp. was incorporated in 2018 and is headquartered in Toronto, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Revenue | 3.22M | 25.93M | 17.69M | 2.00M |
| Cost of Revenue | 1.59M | 16.10M | 7.83M | 1.42M |
| Gross Profit | 1.63M | 9.84M | 9.85M | 584.01K |
| Gross Profit Ratio | 50.60% | 37.94% | 55.70% | 29.17% |
| Research & Development | 3.89M | 6.61M | 3.59M | 0.00 |
| General & Administrative | 17.71M | 18.91M | 11.51M | 4.69M |
| Selling & Marketing | 2.39M | 16.82M | 9.61M | 319.54K |
| SG&A | 20.11M | 35.73M | 21.12M | 5.01M |
| Other Expenses | 2.86M | 2.39M | 755.10K | 0.00 |
| Operating Expenses | 26.85M | 44.73M | 25.46M | 5.16M |
| Cost & Expenses | 28.45M | 60.82M | 33.30M | 6.58M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 4.63M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 3.06M | 2.39M | 824.08K | 152.28K |
| EBITDA | -20.33M | -34.56M | -14.79M | -4.34M |
| EBITDA Ratio | -630.41% | -133.26% | -83.61% | -216.75% |
| Operating Income | -23.39M | -36.95M | -15.61M | -4.49M |
| Operating Income Ratio | -725.31% | -142.47% | -88.27% | -224.36% |
| Total Other Income/Expenses | -3.28M | 4.12M | -79.52K | -85.03K |
| Income Before Tax | -26.67M | -32.83M | -15.69M | -4.68M |
| Income Before Tax Ratio | -827.17% | -126.58% | -88.72% | -233.90% |
| Income Tax Expense | -637.21K | -177.39K | -96.96K | -15.97K |
| Net Income | -26.04M | -32.65M | -15.59M | -4.67M |
| Net Income Ratio | -807.41% | -125.90% | -88.17% | -233.10% |
| EPS | -0.26 | -0.39 | -0.23 | -0.11 |
| EPS Diluted | -0.26 | -0.39 | -0.23 | -0.11 |
| Weighted Avg Shares Out | 100.20M | 83.89M | 68.66M | 44.43M |
| Weighted Avg Shares Out (Dil) | 100.20M | 83.89M | 68.66M | 44.43M |
Nextech3D.AI achieves record gross profit for Q2
Nextech3D.ai Reports Q2 2024 Revenue of $1,108,000 with Record Gross Profit Margin of 74% or $820,000 A 45%Increase Over Q1, 2024
Nextech3D.AI announces new features for Aritize3D platform
Nextech3D.AI launches new features for 3D model platform Aritize3D
Nextech3D.ai Launches Key New Features For its Generative AI Powered 2D-3D Model Platform
ARway.ai Appoints New Independent Auditor, Davidson & Company LLP
Nextech3D.ai Announces Proposed Non-Brokered Private Placement (the "Offering") of Up to 20,000,000 Units ("Units") at a Price of C$0.14 per Unit, to Raise Aggregate Gross Proceeds of Up to C$2,800,000
Nextech3D.ai CEO discusses strong second quarter performance - ICYMI
Nextech3D.ai posts record gross profit in preliminary Q2 results
Nextech3D.ai Reports Preliminary 70% Gross Profit Margin in Q2, 2024 Revenue of $1.2 Million
Source: https://incomestatements.info
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