- For Q4, NexTech AR Solutions (OTCQB:NEXCF) reported record bookings of $7.3M, +275% Y/Y increase; FY20 experienced a surge of 235% in bookings of $20.01M serving 1K customers including new major Fortune 1000 customer acquisitions.
- For FY21, the company expects bookings of $50-$60M.
- The company believes that it's 3D-Advertising network being led by Former President of MSFT online Hareesh Achi, is expected to be one of the key new revenue drivers for the company in 2021.
- Currently, the ad network is fully operational and is likely to be integrated and driving revenue with the company's two platforms Map Dynamics and Virtual Experience Platform, in the upcoming 30 days.
- Using Nextech's 3D/AR ads led to a 300% increase in sales conversions, a 32% increase in click-through-rate and a 23% lower cost per click than traditional 2D ads.
- Shares +0.20% premarket.