Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) reported a 101% year-over-year jump in first-quarter revenue, driven by growth in its event technology platform and a newly expanded services business.
Revenue for the quarter ended June 30, 2026 rose to $660,159 from $328,092 a year earlier, the company said.
Event technology revenue increased 47% to $400,252, while event experience and services revenue totaled $210,934, compared with nil in the prior-year period.
Gross profit increased 79% to $530,294, with gross margin at 80%, compared with 90% a year earlier. Net loss from continuing operations widened to $840,759 from $497,763.
"Our growth was driven by strong execution across both our event technology platform and our newly expanded event experience and services business,” said Evan Gappelberg, CEO of Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF).
"Importantly, our gross profit grew 79% to over $530,000, reflecting the strength of our business model and the value our solutions deliver to customers,” he added.
CFO Anum Waqas said the growth in event experience and services revenue reflected an expanding and diversified revenue base. "This growth, combined with disciplined financial management, positions us to improve operating leverage as we continue to scale," Waqas said.
The company said it continues to build out its Eventdex platform as part of a strategy to become a comprehensive "event operating system" for enterprise customers, associations, trade shows, conferences and corporate events.
"We believe we are still in the early innings of a significant market opportunity," Gappelberg said. "The event technology market remains highly fragmented, creating a compelling opportunity for Nextech3D.ai to emerge as a category leader by combining software, services and AI into a single integrated platform."
The company said its sales pipeline continues to expand and enterprise engagements are increasing as it moves through Fiscal 2027.