(OTCQB: NEXCF) $13
(February 22, 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).
Nextech AR (OTCQB: NEXCF) entered into
an agreement with Mackie Research Capital Corporation as the sole
underwriter and sole bookrunner (the "Underwriter"),
pursuant to which the Underwriter has agreed to purchase, on a
bought-deal basis, 2,000,000 units of the Company (the
at a price of $5.00 per Unit for gross proceeds to the Company of
$10,000,000 (the "Offering").
immediately after, Nextech AR (OTCQB: NEXCF) announced that the deal had increased
an aggregate of 2,610,000 Units at a price of $5.00 per Unit for
aggregate gross proceeds of
Each unit is comprised of one
common share and one-half of one common share 24-month purchase warrant with an
exercise price of $6.00.
See the press release for
further details here:
A bought deal according to
CFI, is a
type of securities offering in which the underwriter commits to
buying the entire offering from the issuer company before a
preliminary prospectus is filed.
Valuation when comparing
different companies in the space is key.
Snap, Inc. (NASDAQ: SNAP) was trading at about half of its current
valuation in November when it acquired U.K STARTUP
Voisey, an app which uses AR to
create music tracks where you can overlay your own
voice,. Since the acquisition,
shares of SNAP have nearly doubled and are indicating higher as
they closed Friday above previous resistance of $65.42.
It's also important to note
that SNAP paid $70 million for Israel-based startup a week
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
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.
Solutions (OTCQB: NEXCF)
AR Music App Air Show Launches 2.0
With this 2.0
release and the soon to be released 2.1 version, the
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.
(NASDAQ: MSFT) Invites Nextech AR (OTCQB: NEXCF) to Showcase its Innovative, Cutting
Edge, Virtual Education Solutions at its Global Educational Partner
an invitation only event for Microsoft Education
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.
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
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."
may not be at these levels much longer.
Nextech AR (OTCQB: NEXCF)
shares bounced slightly from Friday's lows to close right at about
the 200 EMA.
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
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
How does the
CEO feel about the company? Mr. Evan Gappelberg,
CEO of Nextech AR Solutions (OTCQB: NEXCF) purchased shares in his
times in 2020 totaling 1,279,885 shares,
already in 2021. Bonus.
Solutions, Inc. (OTCQB:
NEXCF) could very well become the next major short
As one of the
very few pure-play AR investments, NEXCF stock facilitates more
than just exposure to a growing industry. Instead,
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
clientele list. We're
talking names like Johnson
& Johnson (NYSE:
JNJ), Toyota (NYSE:
TM), IBM (NYSE:
IBM), Carnegie Mellon
BCE), NATO and many more.
key partnerships, such as its deal with BDA Sports
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,
DELL), Luxottica, Vulcan Inc., Boehringer
Ingelheim, Grundfos, and Arch
Capital Group (NASDAQ:
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:
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%
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.
For eCommerce: The
company launched its SaaS platform for webAR
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
app, its 'Try it On'
technology for online apparel, 3D and 360-degree product views, and
'one click buy'.
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.
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
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