Nextech3D.ai reported approximately 101% year-over-year revenue growth for the first quarter of Fiscal 2027, with results supported by its event technology business and revenue from event experience and services. The company recorded revenue of $660,159 for the quarter ended June 30, 2026, compared with $328,092 in the prior-year period.
#Revenue growth across two business areas
Event technology revenue rose 47% to $400,252, compared with $271,536 in the same period a year earlier.
Event experience and services revenue totalled $210,934, compared with nil in the prior-year period. The company attributed the quarterly performance to demand for event technology and the expansion of its event services operations.
#Gross profit increased while net loss widened
Gross profit increased 79% to $530,294 from $295,624. Gross margin was 80%, compared with 90% in the prior-year period.
Net loss from continuing operations was $840,759, compared with $497,763 in the prior-year period.
#Management outlines Fiscal 2027 priorities
CFO Anum Waqas said the increase in event experience and services revenue reflected an expansion and diversification of the company’s revenue base. Waqas also said Nextech3D.ai remains focused on financial discipline and on converting revenue momentum into stronger and more sustainable financial performance throughout Fiscal 2027.
CEO Evan Gappelberg said the quarterly increase came from execution in both the event technology platform and the expanded event experience and services business. He also said the company plans to focus on revenue growth, recurring software revenue, market share and long-term shareholder value as Fiscal 2027 progresses.
#Eventdex and the company’s platform strategy
Nextech3D.ai said it is developing an AI-powered event technology offering through its Eventdex platform and additional services. The company described its intended model as a combination of software, services and artificial intelligence for enterprise customers, associations, trade shows, conferences and corporate events.
During the quarter, management continued spending on product development, sales expansion, customer acquisition and strategic initiatives. The company said its platform is intended to combine event management software, attendee engagement, registration technologies, mobile applications and event services.
#Company information and forward-looking statements
Nextech3D.ai identifies itself as an AI-first technology company focused on digital content, events and immersive environments. Its securities are listed under OTCQB:NEXCF, CSE:NTAR and FSE:EP2.
The release included management statements concerning future revenue growth, recurring software revenue, market share, commercial expansion and future business performance. It said these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated. The release also stated that readers should not place undue reliance on such statements. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
#Key Takeaways
- Revenue reached $660,159 in Fiscal Q1 2027, compared with $328,092 in the prior-year period.
- Event technology revenue increased 47% to $400,252.
- Event experience and services revenue totalled $210,934, compared with nil in the prior-year period.
- Gross profit rose 79% to $530,294, while gross margin was 80% compared with 90%.
- Net loss from continuing operations was $840,759, compared with $497,763.
#What were Nextech3D.ai’s reported results for the first quarter of Fiscal 2027?
Nextech3D.ai reported approximately 101% year-over-year revenue growth to $660,159, compared with $328,092. Gross profit increased 79% to $530,294, compared with $295,624. Net loss from continuing operations was $840,759, compared with $497,763 in the prior-year period.
#Which parts of the business contributed to revenue?
Event technology revenue increased 47% to $400,252, compared with $271,536. Event experience and services revenue totalled $210,934, compared with nil in the prior-year period. The company attributed the results to demand for event technology and the expansion of its event experience and services business.
#How did profitability measures change during the quarter?
Gross profit increased 79% to $530,294, compared with $295,624. Gross margin was 80%, compared with 90% in the prior-year period. Net loss from continuing operations was $840,759, compared with $497,763 in the prior-year period.
#What did management say about the company’s operating priorities?
Management said Nextech3D.ai continued investing in product development, sales expansion, customer acquisition and strategic initiatives designed to accelerate long-term growth. CFO Anum Waqas said the company remained focused on financial discipline and on converting revenue momentum into stronger and more sustainable financial performance throughout Fiscal 2027.
#What is the company’s stated platform and market strategy?
Nextech3D.ai said it is focused on providing AI-powered event technology through the Eventdex platform and expanded service offerings. The company described its intended offering as an integrated combination of software, services and artificial intelligence for enterprise customers, associations, trade shows, conferences and corporate events. These are company statements about its strategy and opportunity, rather than reported outcomes.
#What forward-looking claims were included, and what risks were noted?
The release included management statements about accelerating revenue growth, increasing recurring software revenue, capturing market share and creating long-term shareholder value. It said these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated. The release also said readers should not place undue reliance on the statements. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
#Where is Nextech3D.ai listed?
The release identifies Nextech3D.ai under OTCQB:NEXCF, CSE:NTAR and FSE:EP2.
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