Nextech3D.ai Launches Map D Dynamic Pricing for Booths and Sponsorships
Nextech3D.ai announced the launch of Map D Dynamic Pricing, a feature that allows event organisers to establish pricing rules for booths and limited-inventory sponsorships.
Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS) has announced the launch of Dynamic Pricing for its Map D platform. The functionality allows event organisers to create automated pricing rules for booths and sponsorships where inventory is limited, while retaining control over the prices and increases applied.
Map D Dynamic Pricing allows organisers to set starting prices, sales thresholds, pricing rules and maximum permitted increases. When specified sales thresholds are reached, prices for available inventory can increase automatically, but only within the limits selected by the organiser.
Organisers can also identify premium areas on an event floor plan and assign separate pricing parameters to those locations. Booths using manual pricing are not affected unless the organiser chooses to include them in Dynamic Pricing.
The system records each pricing adjustment and the reason for it. A dashboard metric labelled “Additional Revenue Generated” is available for organisers to review, with reports exportable to CSV or Excel.
The feature includes AI-assisted recommendations for pricing rules. Organisers decide whether to Accept, Edit or Ignore each suggestion and continue to control starting prices, maximum increases and premium-zone settings.
Under Nextech3D.ai’s commercial model, the company will receive 30% of incremental revenue attributable to Dynamic Pricing, while 70% will be retained by the event organiser. The amount of incremental revenue, if any, will vary by event and will depend on available inventory, organiser-selected pricing parameters and customer purchasing activity.
#Historical platform activity and financial disclosures
Nextech3D.ai said more than $75 million in booth sales had been processed through its platform over the past 36 months. This figure refers to gross booth sales processed, not revenue recognised by Nextech3D.ai, and the company has not determined what portion of that historical transaction volume would have been eligible for or subject to Dynamic Pricing.
The company has not provided a forecast for the revenue Dynamic Pricing will generate or for the percentage of Map D customers or events that will use the functionality. Nextech3D.ai said any incremental revenue will vary by event.
Map D is part of Nextech3D.ai’s event technology portfolio and provides interactive floor planning and related technology for event organisers. Dynamic Pricing applies to booths and sponsorships with limited inventory.
Nextech3D.ai identified product-performance risks, customer-adoption risks, competitive conditions, availability of capital, regulatory developments, data-security and privacy requirements and operating costs in its forward-looking disclosures. The company said there can be no assurance that Map D Dynamic Pricing will achieve anticipated customer adoption or financial benefits, and cautioned that actual results could differ materially from management’s current expectations and assumptions.
Nextech3D.ai announced the launch of Dynamic Pricing for Map D, providing automated pricing functionality for booths and limited-inventory sponsorships. The functionality allows event organisers to establish pricing rules and maximum permitted increases.
Map D Dynamic Pricing is designed to automatically increase prices for remaining booth and sponsorship inventory when organiser-defined sales thresholds are reached. Prices can increase only within the limits established by each event organiser.
Under Nextech3D.ai's commercial model, the Company will receive 30% of incremental revenue attributable to Dynamic Pricing, while 70% will be retained by the event organiser. The amount of incremental revenue will vary by event and depend on available inventory, organiser-selected pricing parameters and customer purchasing activity.
Event organisers establish starting prices, pricing rules and maximum permitted increases. They can also designate premium zones and set separate pricing parameters for those locations, while booths with manual pricing remain unchanged unless the organiser includes them in Dynamic Pricing.
Map D can suggest pricing rules using AI-assisted functionality, but the organiser decides whether to Accept, Edit or Ignore each suggestion. Organisers retain control over starting prices, maximum price increases and premium zones.
The platform logs each pricing change and its reason, and the dashboard includes an “Additional Revenue Generated” metric. Reporting can be exported to CSV or Excel so organisers can review pricing changes and the additional revenue attributed to Dynamic Pricing.
More than $75 million in booth sales have been processed through Nextech3D.ai's platform over the past 36 months. The Company states that this is gross booth sales processed, not revenue recognised by Nextech3D.ai, and that it has not determined what portion would have been eligible for or subject to Dynamic Pricing.
Nextech3D.ai has not provided a forecast for the amount of revenue Dynamic Pricing will generate or the percentage of Map D customers or events that will use the functionality. The Company states that any incremental revenue will vary by event.
Nextech3D.ai identified product-performance risks, customer-adoption risks, competitive conditions, availability of capital, regulatory developments, data-security and privacy requirements and operating costs. The Company also stated that there can be no assurance that Map D Dynamic Pricing will achieve anticipated customer adoption or financial benefits.
Nextech3D.ai characterises customer adoption and the commercialisation of Map D Dynamic Pricing as forward-looking matters based on management's current expectations and assumptions. The Company cautions that actual results could differ materially and says readers should not place undue reliance on the forward-looking statements.
Map D is part of Nextech3D.ai's event technology portfolio and provides interactive floor planning and related technology for event organisers. Dynamic Pricing applies to booths and sponsorships with limited inventory.
Nextech3D.ai identifies its shares as trading on the OTCQB under OTCQB:NEXCF, on the CSE under CSE:NTAR and on the FSE under FSE:1SS.