Mr. Evan Gappelberg reports

NEXTECH3D.AI PROVIDES EARNINGS CALL DETAILS FOR FISCAL YEAR 2022 AND Q4 2022 FINANCIAL RESULTS APRIL 20TH

Nextech3D.ai (formally Nextech AR Solutions Corp.) plans to release its fiscal year 2022 and fourth quarter 2022 audited financial results after markets close on Thursday, April 20, 2023.

Subsequently, Nextech will host a conference call to discuss the fiscal year 2022 and fourth quarter 2022 results on Thursday, April 20, 2023, at 5 p.m. Eastern Time. Please join Evan Gappelberg, chief executive officer, and Andrew Chan, chief financial officer, to discuss these financial and operating results followed by a question-and-answer period.

Conference call details

• Title: Nextech3D.ai fiscal year 2022 and Q4 2022 financial results;
• Call date: Thursday, April 20, 2023;
• Time: 5 p.m. Eastern Time (United States and Canada);
• Participant toll-free dial-in number: 1-888-330-2024;
• Participant toll dial-in number: 1-646-960-0187;
• Earnings call ID: 7778367;
• Webcast attendee URL: see company website.

For those unable to join the live event, a recording of the presentation will be posted on the company's investor relations website.

Previously published preliminary 2022 annual and fourth quarter: 3-D model and technology services financial highlights (unaudited)

• Preliminary total revenue for fiscal 2022 was $10.3-million.
• Technology services generating $3.1-million.
• Legacy e-commerce business generating $7.2-million.
• Three-dimensional modelling revenue increased 266 per cent compared with 2021 contributing $1.5-million 2022.
• Two thousand twenty-two technology services gross profit margin expands by 53 per cent, jumping up to 43 per cent in 2022 compared with 28 per cent in 2021, on $3.1-million total revenue.

Recent news

• Nextech3D.ai expands its artificial intelligence team with new key hires to meet the accelerating demand for 3-D models for e-commerce at mass scale;
• Nextech3D.ai announces execution of arrangement agreement to spin out generative AI initial public offering Toggle3D to shareholders;
• Nextech3D.ai AI-Powered CAD design studio Toggle3D achieves 10-times file reduction opening up the platform to new large enterprise customers;
• Nextech3D.ai enters Asian market with major 3-D modelling deal to revolutionize e-commerce.

About Nextech3D.ai (Nextech AR Solutions Corp.)

Nextech3D.ai is a company that provides AI-powered 3-D modelling solutions focusing on the e-commerce industry. Its breakthrough generative AI technology enables the creation of high-quality 3-D models quickly and efficiently. Nextech3D.ai's suite of products, including patented AI-based technology for 3-D model creation and 2-D to 3-D conversion, has positioned it as a leader in the industry. The company is already a preferred 3-D model supplier for Amazon, representing a massive growth opportunity. With the increasing popularity of e-commerce globally, Nextech3D.ai's services are becoming more valuable, providing an excellent runway for continuing growth. For investors looking to participate in the commercialization of AI technology, Nextech3D.ai presents a unique investment opportunity.

The company also develops or acquires what it believes are disruptive technologies and, once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spinout.

On Oct. 26, 2022, Nextech3D.ai spun out its spatial computing platform, ARway, as a stand-alone public company. Nextech3D.ai retained a control ownership in ARway.ai with 13 million shares, or a 50-per-cent stake, and distributed four million shares to Nextech3D.ai shareholders. ARway.ai is currently listed on the Canadian Securities Exchange, in the United States on the OTC and internationally on the Frankfurt Stock Exchange. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking.

On Dec. 14, 2022, Nextech announced its second spinout of Toggle3D, an AI-powered 3-D design studio to compete with Adobe. Toggle3D is expected to be public in the first half of 2023.

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