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Management

Nextech3D.AI CEO Gappelberg scoops up 500,000 shares

By The Northwire Desk — AI Analysis Mar 31, 2026 · 17:39 NTAR · 0.13 Nextech3D.AI Corp
NTAR · Price

Executive Summary

  • Nextech3D.AI CEO Evan Gappelberg purchased 500,000 common shares on the open market, bringing his total beneficial ownership to over 30 million shares.
  • The CEO characterized the stock as "stupidly cheap," citing a disconnect between the current market valuation and the company's strong operational fundamentals, including record gross margins and significant revenue growth.
  • The company reported strong operational momentum for early 2026, including achieving profitability in its Krafty Labs division, securing 50 new customer contracts since January, and implementing a 20-30% price increase.

Key Details

  • Transaction Details:
    • Buyer: Evan Gappelberg, CEO.
    • Shares Purchased: 500,000 common shares.
    • Purchase Price: Average of 12 cents per share (approximately nine U.S. cents).
    • Total Post-Transaction Holdings: More than 30 million common shares.
    • Purpose: Investment purposes; reflects confidence in the AI-driven growth strategy.
  • Financial & Operational Metrics:
    • Gross Margins: Record 95%.
    • Revenue Growth: 59% year-over-year.
    • Pricing Strategy: Recent implementation of a 20- to 30-per-cent price increase.
    • Customer Acquisition: 50 new customer contracts secured since January 2026.
    • Profitability: Krafty Labs division recently achieved profitability.
    • Market Context: Targeting the $1.5-trillion global events industry with a shift toward high-margin SaaS revenue.
  • Strategic Focus:
    • Adoption of the unified AI event operating system by Fortune 1000 companies.
    • Use cases include registration, interactive mapping, and AI-driven engagement tools.

Notable Quotes

  • "I am continuing to increase my ownership in Nextech3D.AI because I believe our current market valuation does not reflect the significant operational milestones we have achieved in early 2026." — Evan Gappelberg, CEO
  • "In my view, our stock is 'stupidly cheap' and represents a massive disconnect from our current fundamentals. We are seeing a high-conviction setup in the AI event software space, and I believe a rerating could happen as soon the market begins to price in our record 95-per-cent gross margins and 59-per-cent year-over-year revenue growth." — Evan Gappelberg, CEO
Read the original news release →

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