Northwire Canada EditionSunday, October 18, 2026
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Earnings

Nextech3D.ai Delivers Q3 +59% YoY Revenue Growth and +20% Sequential Gain With Record 95% Gross Margins; Operating Loss Improved by 46% ($696K) As Company Enters New AI-Driven Growth Cycle

NTAR · Price

Executive Summary

  • Nextech3D.ai reported Q3 2026 revenue of $468,000, up 59% YoY and 20% sequentially, indicating accelerated growth.
  • Record gross margin of 95% was achieved (up from 41% YoY and 88% in Q2), highlighting a high‑margin, scalable platform model.
  • Operating loss improved 46% (excluding share‑based compensation) to $696,000; net loss narrowed slightly to $1.21 M, while total assets rose 73% to $2.19 M.

Key Details

  • Revenue: $468,000 for Q3 2026 vs. $294,000 YoY (↑59%) and $391,000 Q2 2026 (↑20%).
  • Gross Margin: 95% in Q3 2026 (up 54 percentage points YoY; up from 88% in Q2).
  • Operating Loss (ex‑share‑based comp.): $696,000 vs. $1,289,000 prior year (↓46%).
  • Net Loss: $1.21 M vs. $1.28 M prior year (↓5%).
  • Deferred Revenue: $558,000 vs. $462,000 YoY (↑21%), reflecting larger multi‑year contracts.
  • Total Assets: $2.19 M vs. $1.27 M YoY (↑73%).
  • Management Commentary: CEO Evan Gappelberg emphasized the transition to a “lean, high‑margin AI‑first company” and expects continued revenue acceleration in FY 2026 driven by enterprise pipeline expansion, larger contracts, cross‑selling of Map D, Eventdex, and Krafty Labs platforms.
  • Future Outlook: Management projects sustained revenue growth, expanding margins, and improved operating leverage into the current quarter and beyond.

Notable Quotes

“We are extremely pleased to report 59% year‑over‑year Q3 revenue growth and 20% sequential quarterly growth… We have turned into a lean, high‑margin AI‑first company and are now delivering measurable results.” – Evan Gappelberg, CEO & Director


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