Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said its subsidiary ARway posted a 194% increase in unaudited revenue and a 5% rise in gross margin in the six months following its acquisition of Map Dynamics in June 2024.
The company attributed the revenue surge to the successful integration of Map Dynamics’ technology and services, which expanded ARway’s product offerings and market reach in 3D mapping, spatial computing, and augmented reality (AR) navigation.
ARway's unaudited revenue for the period from September 2024 to February 2025 rose to $370,000, up from $126,000 in the previous audited fiscal year.
Gross margin improved to 95% from 90% in the prior year.
The acquisition of Map Dynamics has "further solidified ARway's position in the growing AR and spatial computing market," Nextech3D.AI said in a statement.
Additionally, Nextech3D.AI said it renewed its share purchase warrant program, issuing nearly 10 million warrants to service providers. Each warrant allows the holder to acquire one common share at an exercise price of C$0.055 over a one-year period, with vesting in monthly tranches.
Nextech3D.AI, which specializes in AI-powered 3D modeling and immersive experiences, said it remains focused on strategic acquisitions and technological enhancements to drive further growth.