In the last year NexTech AR Solutions saw its revenue grow by 536%. That's a head and shoulders above most loss-making companies. And the share price has responded, gaining 130% as we previously mentioned. That sort of revenue growth is bound to attract attention, even if the company doesn't turn a profit. Given the positive sentiment around the stock we're cautious, but there's no doubt its worth watching.
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So it makes a lot of sense to check out what analysts think NexTech AR Solutions will
earn in the future (free profit forecasts).
Yahoo is now part of Verizon Media
NEW YORK and TORONTO, Jan. 07, 2020 (GLOBE NEWSWIRE) --
NexTech AR Solutions (the “Company” or “NexTech”) (
NEXCF) (CSE:NTAR) (
N29.F), the industry leader in augmented reality, is pleased to announce that it has achieved record revenue and gross profit for the month of December 2019 and Q4. Both revenue and gross profit showed dramatic increases in December. Notably, the company achieved over $760,000 in December revenue and gross profit of $453,000 representing the highest revenue ever achieved in a single month. Revenue and Gross profit for the 4th quarter 2019 also accelerated rapidly reaching $2,580,000 and $1,340,000 respectively, which represents a 4390% increase in revenue and 2232% increase in gross profits year over year.
Yahoo is now part of Verizon Media
^^^They did the same thing for the month of Nov. Same kind of huge numbers. 4th Q ER will be HUGE. Its not going to be a surprise to current investors, but outsiders will be blown away by the 4th Q numbers (if they happen to come across them).
