Groeit als kool, bijna griezelig. Eind Q2 70 werknemers, eind Q3 140 werknemers, tientallen mensen die in aanname proces zitten.
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NexTech AR Solutions Reports Record Preliminary 3rd Quarter 2020 Results
NEW YORK and TORONTO, Oct. 09, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality, eCommerce, and Virtual Events, reportes preliminary results for its third quarter ended September 30, 2020. The final numbers will be filed on SEDAR by November 30, 2020.
Q3 key highlights:
* Record Q3 2020 Total Bookings of $6.7 million* which exceeded all of 2019 revenue of $6mill
* 331% growth over Q3 2019 revenue of $1,561,425
* Record cash on hand of $16.3 million
* Raised $13.2 million, through underwritten offering by Mackie Research of 2,035,000 shares at a price of $6.50
* Hired Eugen Winschel 18 year SAP Executive as new COO
* Doubled the size of the company to 140 in Q3 from just 70 in Q2 - to continue to meet the rapid ramp up in demand and increase the company's technological capabilities.
* Company became approved Microsoft partner
* Launched New Distribution Deals with Well Known Consumer Brands, Including: Dyson, Philips Norelco, MR. Coffee, VitaMix, Breviel and Cusinart
* Landed $250,000 AR contract with Ryerson University
* Appointed Ori Inbar to its Board of Directors, a recognized AR expert, having been involved in the industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures.
* Acquired the assets of Next Level Ninjas for $720,000 cash consideration
* Launches “Screen AR” A New Augmented Reality Immersive Video Conferencing Software To Accelerate Business Opportunities
* Began building Collaborative Video Conferencing Capabilities To Rival Zoom and Address Telemedicine and EdTech Markets
* NexTech filed to uplist its stock to the Nasdaq Capital Market July 2nd.
Nextech attributes this massive growth to new customer acquisitions and the expansion of services for existing customers as the demand for AR and remote work solutions intensified.
The company is continuing to experience a rapid rise in demand for all its services. However demand is especially high for its AR Solutions which include; WebAR, AR ads, ScreenAR, Human holograms as well as custom AR solutions. Demand for the companies AR labs for education is growing at 200%/month while every virtual event the company does has multiple AR experiences. To meet this growing demand the company is currently hiring dozens of AR/VR, Unity and 3D modeling experts.
Evan Gappelberg, CEO of NexTech comments, “We are pleased to share our preliminary third quarter results for the period ending September 30, 2020. These extraordinarily positive results are being driven by an acceleration in demand across all of our products including: Video conferencing, eCommerce and Augmented Reality. He continues, “We are uniquely positioned to see our business benefit from the new ‘stay at home' economy and the digital transformation that is underway. We are now landing bigger deals with global brands that are choosing our InfernoAR video conferencing and AR solutions because we have the only video conferencing platform which offers AR solutions. We are “firing on all cylinders”, and sales velocity is continuing to accelerate as we begin our Q4”.
He continues “With our increased sales force crushing it, we utilize Total Bookings as a metric for the business. Total Bookings includes all services included in signed contracts for the period. Currently our bookings are mostly delivered within a 3-month period of the signed contract however as we sign up more annual and multi-year licenses, which bill monthly, booking will go further out”.