Nextech3D.ai CEO Evan Gappelberg talked with Proactive about a significant revenue milestone achieved through the integration of ARway and Map Dynamics.
The company has reported a 257% surge in revenue, generating over $450,000 in just seven months at a remarkable 95% profit margin.
Proactive: Alright, welcome back inside our Proactive newsroom. And joining me now is Evan Gappelberg. He is the CEO of Nextech3D.ai. Evan, it’s great to have you back again. How are you feeling today?
Evan Gappelberg: Good. Great to be back.
Yeah. So, news out today — the company is talking about a big surge of revenue for ARway. And this is after the combination of adding another one of your platforms, Map D, into ARway. Maybe take a step back, Evan, and talk about the reasoning behind adding that into ARway.
Sure. So ARway was a startup spatial mapping platform using augmented reality to navigate indoor spaces. We're actually about to relaunch that — we did a new build, added some new technology, and we're super excited about it. But today's news is about Map Dynamics, another mapping software platform. So we just combined spatial mapping with traditional floor plan mapping, and we’re seeing really nice synergies.
As we reported today, there was a 257% increase in revenue for the seven months — that’s over $450,000, and at a 95% profit margin. A great business for us. As we move forward in 2025 and beyond, we see additional robust growth from these platforms for ARway. And of course, Nextech owns almost 50% of ARway — we are the control shareholder. So it’s a big deal for Nextech and ARway to have this kind of growth.
A couple of things there. First off, you mentioned the margins up to 95%. That’s obviously software, so easier to get margins up, but 95% is pretty high.
It is. It’s extraordinary. And it's a testament to the platform, which has been around for ten years. We've streamlined it and upscaled it. We’ve done a lot of work to get it to that point. We’re using AWS to scale with our partners and our platform.
Looking forward to 2025, we're launching more new products, and we think that’s going to increase sales even more — at an even more accelerated rate.
And who are the people that you're going after? Trade show people? Companies? Can you talk us through some of the industries that would benefit from this?
We have partner programs where people are reselling our mapping software to their customers — that’s a growth segment of our business. But we also sell to event organizers. If you're putting on an event with, say, 300, 400, or 500 booths, you’d use our platform to sell the booths, rent chairs and carpets, and more.
We’ve launched ticketing, so you can handle entry fees if it’s a paid event. We also offer badging — with lanyards and printed name badges. These are all new services we just rolled out in 2025.
Quotes have been lightly edited for clarity and style