Nextech AR (OTCQB: NEXCF) 2021 Guidance $50-60 Million Closes 2020 with $20 million.

 

Miami, FL -- February 12, 2021 -- InvestorsHub NewsWire – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on NexTech AR Solutions (OTCQB: NEXCF)

 

According to Zacks Investment Research, Nextech AR Solutions (OTCQB: NEXCF) preannounced bookings for Q4 2020 of $7.3 million which brings the total bookings for the year to $20 million. 

 

The company also gave bookings guidance of $50 to $60 million in 2021.

 

 

The CEO purchased shares 5 times in 2020, and once already in 2021.

 

Zacks Investment Research Valuation of Nextech AR (OTCQB: NEXCF) $8.60 per share.

 

 

Nextech AR Solutions (OTCQB: NEXCF) Some Recent Announcements:

  • Nextech's AR Music App Air Show Launches 2.0
    • With this 2.0 release and the soon to be released 2.1 version, the company's AR AiR Show app is gearing up to become a full service, AI driven app, with no green screen required so that users can create AR powered human holograms anywhere and by anyone.

 

  • Microsoft (NASDAQ: MSFT) Invites Nextech AR (OTCQB: NEXCF) to Showcase its Innovative, Cutting Edge, Virtual Education Solutions at its Global Educational Partner Summit (GEPS).
    • GEPS, an invitation only event for Microsoft Education Partners, provides an opportunity to strengthen partnerships, build connections and to learn more about Microsoft's investments in education technology. Nextech has been invited to showcase its successes and capabilities in the education industry to Microsoft Education stakeholders and partners.

 

  • Nextech AR Hires Former Microsoft President Hareesh Achi to be President and Managing Director of the Nextech 3D/AR Ad Network.

 

According to Nextech AR's (OTCQB: NEXCF) MDNA, the company defines "Total Bookings" as "the total dollar value of all services / goods included in contracts with our customers."

 

Zacks Investment Research wrote in their report on Nextech AR (OTCQB: NEXCF) "If we were to take the ratio of bookings to revenues of Q3 2020 at 72.5%, which is our only data point so far, that would equate to revenues between $36 million and $44 million in revenues for 2021. As a result, we have increased our 2021 revenue estimate to a conservative $35 million until we have more clarity on how bookings will translate into revenues."

 

NEXCF may not be at these levels much longer.

 

 

Zacks Small Cap Research Continued:

Augmented Reality (AR) is just beginning to make its way into mainstream use and the market is exploding. NexTech AR is the only public pure play we know of that is providing services to allow companies to use AR in marketing and advertising their goods. At a small price to vendors per month per SKU, adoption of just a tiny percent of the trillions of products sold worldwide will create a massive revenue stream for NexTech AR.

Have you ever wanted to create a hologram of your favorite entertainer for your personal entertainment? You have to try this app…

 

 

Zacks Investment Research Valuation of Nextech AR (OTCQB: NEXCF) $8.60 per share.

"We have taken a group of companies involved in augmented reality as well as companies that provide conferencing like Jolokai. At current valuations we get an average of 24.8 times EV/2021 Sales. So using US$27.4 million for 2021 estimated sales, and a 24.8 multiple, NexTech could be worth an enterprise value as high as US$680 million or a market value of $696 million. Dividing by the current fully diluted share count of 80.8 million, this would be a market value of US$8.60 per share or CN$11.00 per share."

 

How does the CEO feel about the company? Mr. Evan Gappelberg, CEO of Nextech AR Solutions (OTCQB: NEXCF) purchased shares in his company 5 times in 2020 totaling 1,279,885 shares, and once already in 2021.  Bonus. 

Nextech AR Solutions, Inc.  (OTCQB: NEXCF) could very well become the next major short squeeze. 

As one of the very few pure-play AR investments, NEXCF stock facilitates more than just exposure to a growing industry. Instead, NexTech offers end-to-end solutions for any revenue-generating endeavor, from AR-based marketing campaigns and promotions to platform integration to education and brand evangelization. The possibilities are truly limitless, demonstrated by its massive clientele list. We're talking names like Johnson & Johnson (NYSE: JNJ), Toyota (NYSE: TM), IBM (NYSE: IBM), Carnegie Mellon University, BCE (NYSE: BCE), NATO and many more.

Further, NexTech's key partnerships, such as its deal with BDA Sports to integrate a full-scope AR technology stack, provides organic exposure to viable professional sports leagues such as the NHL, NBA, MLB, and NFL. This will help broaden an already expansive list of clients, including Unesco, TEDx, Dell Technologies(NYSE: DELL), Luxottica, Vulcan Inc., Boehringer Ingelheim, Grundfos, and Arch Capital Group (NASDAQ: ACGL).

For undervalued growth investments with excellent risk-reward profiles, you could be hard-pressed to find anything better than NEXCF.

 

About Nextech AR

Nextech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.

 

The company is pursuing four verticals: 

Virtual Experience Platform (VXP): An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world's most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With Nextech's VXP platform having augmented reality, AI, end-to-end encryption, and built-in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.

ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. Nextech has a 'full funnel' end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its ARitize white label app, its 'Try it On' technology for online apparel, 3D and 360-degree product views, and 'one click buy'.

ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.

ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.

 

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be", "looking forward" or variations of such words and phrases or statements that certain actions, events, or results "will" occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements of Nextech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

 

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