Nextech3D.AI Corp. (C:NTAR)
Business Focus: Application Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | Toronto Rpo Royal Bank Plaza PO Box 64039 TORONTO ON M5J 2T6 |
| Tel: | N/A |
| Website: | https://www.nextechar.com |
| IR: | See website |
| Key People | ||
| Evan Gappelberg Chief Executive Officer, Director | Andrew Chan Chief Financial Officer | Belinda Tyldesley Corporate Secretary, Director |
| Business Overview |
| NexTech3D.AI Corp. is a diversified augmented reality (AR), artificial intelligence (AI) technology company. The Company leverages AI to create three-dimensional (3D) experiences at scale for e-commerce. The Company's primary focus lies in creating 3D WebAR photorealistic models for Amazon and various other online retailers. Its suite of products includes patented AI-based technology for 3D model creation and 2D to 3D conversion. Its technologies include ARitize3D, Map D and others. The Company develops or acquires disruptive technologies and once commercialized, spins them out as stand-alone public companies. It is a generative AI-powered 3D model supplier for Amazon, P&G, Kohls, Miele and others, including e-commerce platform integrations with Shopify, BigCommerce and WooCommerce. The Company also targets the jewelry industry with 3D models, blockchain technology, and NFTs. |
| Financial Overview |
| For the nine months ended 30 September 2023, Nextech3D.AI Corp revenues increased 97% to C$3.9M. Net loss before extraordinary items decreased 63% to C$7.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment decrease from C$2.7M (expense) to C$0K, General and administrative decrease of 20% to C$7.3M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13.10M as of Sep 30, 2023 |
| Annual revenue (TTM): | $5.14M as of Sep 30, 2023 |
| EBITDA (TTM): | -$10.12M as of Sep 30, 2023 |
| Net annual income (TTM): | -$13.12M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$14.87M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 133,973,275 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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