Nextech3D.AI (NEXC) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2025 was $328,092, a 70% decrease year-over-year, reflecting a shift to AR and 3D services and the discontinuation of eCommerce and virtual events segments.

• Gross margin improved to 90% from 74% year-over-year due to operational efficiencies and increased automation.

• Net loss from continuing operations narrowed to $497,763 from $1,719,041 in Q1 2024, driven by lower operating expenses.

• The company continues to focus on AR, 3D modeling, and SaaS solutions, with new product launches and platform enhancements.

• Strategic focus on spatial computing, AR navigation, and bundled event technology solutions.

Financial highlights

• Revenue: $328,092 in Q1 2025 vs. $1,108,941 in Q1 2024.

• Gross profit: $295,624 in Q1 2025 vs. $820,473 in Q1 2024.

• Gross margin: 90% in Q1 2025, up from 74% in Q1 2024.

• Net loss: $497,763 in Q1 2025 vs. $1,719,041 in Q1 2024.

• Cash and cash equivalents: $38,412 as of June 30, 2025.

Outlook and guidance

• Management expects gross margins to remain strong as automation and cost-effective operations expand.

• R&D spending will be managed in line with project milestones, focusing on product enhancements and integration.

• The company continues to seek additional financing and cost-saving initiatives to support liquidity.

• Management expects sustainable growth through diversified product offerings and expanding partnerships.

• Reacquisition by Nextech3D.ai expected to close in Q4 2025, subject to approvals.