Nextech3D.AI (NEXC) Q2 2026 earnings summary

Executive summary

• Report covers the three and six months ended September 30, 2025, with comparative figures for 2024, following a change in financial year-end to March 31 to align with group entities.

• Achieved 20% sequential revenue growth in Q2 2025, reaching $390,755, driven by the AI Event Suite and Map D platform.

• The company operates in augmented reality, wayfinding, and 3D model services, with technology services as the sole revenue-generating segment.

• Gross margin expanded to 88%, up 17 points year-over-year, reflecting higher-margin business focus.

• Unaudited interim results show continued net losses and a working capital deficiency, raising material uncertainty about going concern status.

Financial highlights

• Revenue for the three months ended September 30, 2025 was $390,755, up 20% sequentially but down 48% year-over-year due to the planned end of the Amazon contract.

• Gross profit for the three months was $342,245 (2024: $537,503); gross margin reached 88%, up from 71% a year earlier.

• Net loss for the three months was $482,000 (down 63% year-over-year); six-month net loss was $948,847 (2024: $3,040,075).

• Deferred revenue increased to $582,000 from $203,000 year-over-year, indicating strong multi-year contract adoption.

• Cash and cash equivalents increased to $486,104 as of September 30, 2025 (March 31, 2025: $16,311).

Outlook and guidance

• Integration of Eventdex, acquired in Q3 2025, is expected to accelerate growth and expand the customer base.

• Management highlights material uncertainty regarding the company’s ability to meet obligations over the next twelve months.

• Management sees a clear path to sustainable growth and profitability through 2026 and beyond, with improved gross margins and reduced operating costs.