NexTech AR Solutions Targets 10x Revenue Growth in 2020

Ramon Conopio, Analyst Ramon Conopio, Analyst Augmented Reality, Enterprise xR Intelligence Service, Insight Articles, Software

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  • NexTech AR Solutions Corp. (​NexTech​) reported fiscal year 2018 gross revenue of $1.6 million with a gross profit of $0.8 million.
  • NexTech plans new product launches targeted for September of 2019 and continuing quarterly into 2020 will continue to drive growth in its AR e-commerce division.
  • Gross margin target in 2020 towards 60-70% with more software revenue added to the mix.

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