NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) posted record revenue and gross profit in January 2020, it announced in a news release.
Preliminary numbers show that for the first month of the year, the augmented reality (AR) tech company generated $800,000 in revenue, up 110% year over year (YOY). Gross profit was $528,000, a 172% YOY increase.
Greater sales drove the month's revenue, which occurred in all of NexTech's business segments but were heaviest in its AR e-commerce division. The augmented reality firm garnered 22 new customers in January, also a record, and hired four additional sales representatives.
NexTech will report its audited financial results for June 1, 2019, to Dec. 31, 2019, in April 2020.
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