Nextech Ar Solutions (CNSX:NTAR) CEO Evan Gappelberg said the company’s latest reported quarter marked an “inflection point,” citing a combination of revenue growth, rising margins, and increased enterprise traction as the business shifts further toward an “AI-first” event technology platform.
Quarterly performance: growth and margins highlighted
Gappelberg pointed to what he described as a “trifecta” in the quarter’s results: 59% year-over-year revenue growth, 20% sequential growth, and record gross margins of 95%. He noted it was the second consecutive quarter of 20% sequential growth.
Strategic shift: from 3D modeling to events and AI
In discussing the company’s evolution over the past year, Gappelberg framed Nextech’s recent progress as a turnaround following the wind-down of a prior multi-million-dollar Amazon 3D modeling contract. He said the company still has some ongoing 3D modeling work, but characterized it as “hundreds of thousands” in revenue rather than “millions,” and said it is no longer the focus.
Instead, management is emphasizing what Gappelberg described as a unified platform built around event technology and AI. He highlighted Map Dynamics as a core asset in the event space, saying it has more than 500 customers, and described the company’s strategy as building and acquiring features to create an end-to-end offering for enterprise clients.
Acquisitions: Eventdex and Crafty Lab broaden the platform
Gappelberg said the company acquired Eventdex in late 2025, calling it a move that added both a client portfolio and a “full tech stack.” He listed capabilities including:
- Badging
- Ticketing
- Trade show app functionality
- AI matchmaking
Combined with Map Dynamics’ event floor plan tools, he said the company can now offer an end-to-end “one-stop-shop” solution.
He also discussed the more recent acquisition of Crafty Lab, which he said closed in 2026. According to Gappelberg, Crafty expands Nextech’s reach beyond expos and live event tech into “virtual experiential events” and “live kitted experiential events” geared toward corporate team building. Examples he gave included mixology sessions, chocolate-making classes, candle making, trivia, and other employee engagement activities.
Gappelberg emphasized that employee engagement and retention budgets—often managed by HR departments—create recurring demand for these offerings, and said the company is discussing enterprise contracts with large organizations. He cited customers including Google, Microsoft, Meta, Netflix, General Motors, BNP Paribas, and Deloitte, among others.
He added that Crafty has expanded since the acquisition, pointing to a newly announced gifting component via a portal for HR and corporate customers. He also said the platform is adding “off-site events,” which he described as potentially multi-million-dollar engagements where Crafty coordinates major corporate retreats, including travel, lodging, and related logistics.
Enterprise contracts, pipeline commentary, and no formal guidance
Gappelberg said enterprise customers are the “main event” and described discussions with large companies including Meta, Microsoft, Netflix, Deloitte, and General Motors. He stated that multiple enterprise contracts were in progress and “waiting for the ink to dry,” with expectations they could be finalized within “the next week or two.”
Responding to a question about a reported base of “200 enterprise customers,” he discussed the company’s tiered pricing structure, describing ranges of roughly $25,000 to $50,000 for tier one and $50,000 to $150,000 for tier two, with tier three above that. He said customers may start at one tier and move up over time, and emphasized that many were previously spending smaller amounts across multiple purchases rather than being placed into enterprise contracts.
On outlook, he said the company does not provide formal revenue guidance, though he expressed confidence the business would show “triple-digit growth” in the year and suggested potential “surprises to the upside.” He also said management believes the company is at the early stages of a multi-year growth curve, describing it as the beginning of a “hockey stick” trend.
Blockchain ticketing plans and the ARway acquisition timeline
On ticketing, Gappelberg said the company does not intend to launch “me-too ticketing.” Instead, he said Nextech is pursuing blockchain ticketing as its “hero product,” describing early conversations with large ticketing platforms such as Ticketmaster and StubHub. He also referenced broader applications beyond concerts, including certification use cases intended to reduce fraud.
He called global ticketing a “$100 billion industry” and said blockchain-based tickets could address structural problems like counterfeit tickets, duplication, unauthorized reselling, and scalping by making each ticket a unique, verifiable digital asset. He said the company plans to demo blockchain ticketing again in the coming weeks.
Gappelberg also addressed the company’s acquisition of ARway, saying the deal is “done” but requires audited financial statements for regulatory approval. He said Nextech decided not to conduct separate audits to avoid paying auditors twice, and instead plans to complete the audit during its normal Q4 cycle and move to close after that.
On capital strategy and resources, Gappelberg said he believes the company can execute its plan with existing resources and described M&A as “additive,” functioning like a “turbo booster” by accelerating customer and revenue acquisition. He also said the company’s future acquisition focus is less about adding technology and more about adding “modules” or customer bases—particularly in a fragmented events industry—and then optimizing operations with AI.
In remarks on share price and insider alignment, Gappelberg said he had purchased 550,000 shares in November at CAD 0.14 and indicated he was considering buying more. He described the current valuation as undervalued in his view, citing the company’s growth trajectory and his belief that it could become cash-flow positive “sooner than people think.”
About Nextech Ar Solutions (CNSX:NTAR)
NexTech AR Solutions Corp. engages in the acquisition and development of augmented reality (AR) technology. The company offers ARitize eCommerce, the browser-based and Web enabled AR shopping platform; ARitize Retail Showroom that provides choice, convenience, ratings, and reviews with the benefits of being in-store; ARitize App that allows to sell, learn, communicate, and share product, service, or experience through AR; and ARitize University, an AR learning system. It also provides ARitize Studios, which enables customers to beam in to 3D volumetric space as a hologram, and create an interactive yet intimate connection with audiences from all over the world; and Hoot 3D eCommerce solution that shows 3D and 360 degree product photography.
