Nextech AR Solutions is helping pave the way we will be dealing with virtual meetings and shopping in the future. They had a nice run up before Covid and have since slowly declined about 50% which in my eyes means we are looking at a great buying opportunity moving forward, especially now that their services will have a much higher demand moving forward as the world goes in more of the shopping and working from home.
Someone else on Trading View already mentioned that NEXCF is already partnered with Microsoft AND has TONS of cash on hand.
With that being said, just this week Nextech released this statement:
Evan Gappelberg, CEO of Nextech comments, “With these larger contracts renewing and our new focus on annual or multi-year enterprise sales, we are on the path to our stated goal of $50-60million in revenue for 2021. Having a diversified portfolio of product offerings in AR, virtual experience platforms, AR eCommerce, and 3D advertising, positions our business to benefit from the rapidly rising global demand for the technology that we are selling.” He continues, “2021 has started off very strong for us and I expect we will be landing our first multi-year seven figure deals soon.”
Lastly, they just recorded Q4 2020 Total Bookings of $7.3 million, +275% growth over the same period last year.
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