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Q2 delivered 30% Sequential growth in Annual Recurring Revenue to almost $1 million
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Q2 showed a record 40% growth in Web3.0 3D modeling revenue
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Record Q2 Annual Recurring Revenue And Repeat Revenue at $1,566,000
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Q2 cash burn decreased to $1 million per month, the Company expects an expense reduction of $500K/month in the 2nd half of 2022
TORONTO, ON Canada – August 18, 2022 – Nextech AR Solutions Corp. (“Nextech”or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) reports its financial and operating results for the second quarter 2022 ending June 30, 2022.
Subsequently, Nextech will host a conference call to discuss the results today, August 18, 2022 at 5:00 P.M. Eastern Time. Please join Evan Gappelberg, Chief Executive Officer and Andrew Chan, Chief Financial Officer to discuss these financial and operating results.