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News Update

TICKERS: NTAR; NEXCF

Augmented Reality Tech Firm Increases Revenue, Gross Profit 6,000% YOY
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Growth has been rapid in all of its sales verticals.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) reported in a news release that it set revenue and gross profit records in Q1 FY20 related to dramatic year-over-year increases.

For the quarter ending Aug. 31, 2019, revenue was $1,513,000, a 6,611% increase over that during the same period last year, which was $22,544.

Gross profit for Q1 FY20 was $694,858, up 6,986% from Q1 FY20, when it was $9,806.

"During our first quarter, we saw an acceleration in sales growth across all business segments, especially our augmented reality e-commerce division, which is now starting to scale," CEO Evan Gappelberg said in the release.

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