NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) CEO Evan Gappelberg will be presenting at a special Proactive Livestream on Thursday, focusing on the company’s augmented reality innovations, which have spurred high-octane growth.
Gappelberg will touch on the company’s third-quarter bookings and revenue, which jumped by triple digits year-over-year.
For the quarter ended September 30, 2020, the dominant player in the red-hot augmented reality space for e-commerce, video conferencing and virtual events, said total bookings came in at $6.7 million, more than 327% growth versus the same period a year earlier. NexTech also saw record revenue rise by 200% to $4.7 million.
In addition, the company produced a record backlog of $2 million as gross profit increased 344% year-over-year to $3 million with a 63% margin. And working capital at quarter’s end was $13.6 million.
The live presentation will take place at 1:00 pm ET on November 19.
Investors can register for the event here. The Zoom passcode is 519400.
NexTech said that Gappelberg will update investors on the company’s latest technological advances and the progress it has made in pursuing four multi-billion-dollar verticals in augmented reality.
NexTech is continuing to experience a rapid rise in demand for all its services. Demand is especially high for its AR Solutions which include WebAR, AR ads, ScreenAR, Human holograms as well as custom AR solutions.
NexTech which bills itself as the first publicly traded “pure-play” AR company has offices in offices in New York, Toronto, Dallas and San Jose.
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive