Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg spoke with Proactive about the company's strategic acquisition of Eventdex and how it significantly enhances its event technology capabilities.
The acquisition brings a suite of tools including badging, floor plan mapping, AI matchmaking, and an app with AI navigation. Gappelberg described the move as transformative, saying it allows the company to deliver a true all-in-one solution that event organisers have been seeking.
He revealed that the average order value per customer could rise from $3,000 to $20,000 due to cross-selling opportunities across over 500 annual events, noting: "It's a $10 million revenue potential just from upselling existing customers."
Importantly, the deal accelerates the company’s blockchain ticketing rollout. Gappelberg confirmed a launch is anticipated in Q4 2025, potentially within the next six weeks.
He highlighted that blockchain technology offers fraud-free, bot-resistant ticketing and smart contract integration, giving Nextech3D.AI an opportunity to tap into the $85 billion global ticketing market.
Funded entirely in cash, the acquisition avoids shareholder dilution and is expected to double revenue. The company plans further M&A activity in the fragmented event tech space.
“We expect to see our business going cash flow positive in 2026 and beyond,” Gappelberg added.
Proactive: Hello, you're watching Proactive. I'm joined by Nextech3D.AI CEO Evan Gappelberg. Could you start by telling us about the strategic benefits the Eventdex acquisition brings to the company and how it's going to strengthen your event tech suite?
Evan Gappelberg: It's a transformative acquisition, actually. When we look at Map Dynamics’ current revenue, the average order value is around $3,000 per customer. With this acquisition of Eventdex and all the cross-selling opportunities, we see a clear path with ticketing and badging to $20,000 average order value per customer.
We do over 500 events with our existing customer base annually. When you do the math on that, it's a $10 million revenue potential just from upselling existing customers—without factoring in their customers or any new customers that we're going to land in 2026 and beyond. So it's a massive, massive win for our Nextech shareholders.
You said the deal accelerates the blockchain ticketing launch. How soon could investors expect to see this solution in market?
We are expecting Q4, which is 2025. So we're anticipating a launch—actually, it could be within the next six weeks. It's more important to understand not necessarily the exact day we're launching—Q4 is upon us now—but why blockchain matters. Blockchain ticketing is a new innovation in the ticketing market.
The ticketing market is $85 billion. It's a massive industry. To have an industry-first, 100% fraud-free platform with blockchain, 100% bot resistance, the ability to tokenize tickets and turn them into smart contracts—where you have built-in VIP perks, sponsor activations—all of these things with verified resale mean that there's a massive upside with blockchain ticketing in 2026 and beyond.
We could capture significant market share of this $85 billion market, on top of our existing mapping solution that we currently sell today.
You are funding the acquisition entirely in cash. How does this impact your balance sheet and future growth plans?
Yeah, you're right. We're paying all cash, which is great for our investors—there's no dilution. From our standpoint, this is quite additive. We expect to see a 100% growth in our revenue, and we expect to see our business going cash flow positive in 2026 and beyond.
From an M&A strategy, though, this is really just the beginning. If you look at the event industry, which we're now looking at very hard, you'll see that it's quite fragmented. There are a lot of players in the industry. I would look at this as one of many acquisitions we plan on making. We expect that as we make these acquisitions, we're going to expand our customer footprint quite dramatically.
We're picking up about $700,000 in revenue and over 60 customers with this acquisition. If we could add a few more, it starts to add up quite rapidly. Again, there's this cross-selling opportunity which gives us the ability to turn smaller customers into bigger customers.
If you look at the industry and talk to event organizers—which we do on a daily basis—they really want one partner that has an all-in solution. That's really what today's acquisition speaks to. This all-in-one platform now includes badging, floor plan mapping, AI matchmaking, and an app with AI navigation.
That's something event organizers absolutely love—it makes their life easier.
We offer best-in-class event technology, so they'll always be on the leading edge.