The AI-powered event tech firm reports $874,000 in new contract value and a 77% rise in average deal size.
Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) announced $874,000 in new customer contract value from 160 deals, alongside 92% software gross margins. The company cited a 77% increase in average contract value and a shift toward three-year agreements, improving revenue visibility.
Enterprise clients, including Microsoft, Meta, and Google, are adopting its Eventdex, MapD, and KraftyLabs platforms. KraftyLabs, described as underappreciated, is being developed into an AI-first corporate culture tool with an upcoming AI avatar feature.
CEO Evan Gappelberg revealed the company is close to finalizing its largest-ever deal, expected to close in August. The multimillion-dollar contract and high margins are expected to accelerate profitability and cash flow.