NEW YORK and TORONTO, Feb. 06, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (the “Company” or “NexTech”) (otcqb:NEXCF) (NTAR)(N29), the industry leader in augmented reality, is pleased to announce that it has achieved record revenue and gross profit for the month of January 2020. Both revenue and gross profit showed dramatic increases in January. Notably, the company achieved $800,000 in revenue and gross profit of $528,000 representing a 66% Gross profit versus a 59% gross profit last month and the highest revenue ever achieved in a single month, which represents a 110% increase in revenue and 172% increase in gross profits year over year.
Kashif Malik, CFO of NexTech AR Solutions, commented, “What a phenomenal start to the year by having our best month of revenue ever! I am extremely proud of the team and we are just getting started.”
Evan Gappelberg, CEO of NexTech AR Solutions, comments, “I’m excited to report record preliminary numbers for January and I am particularly excited that we were able to achieve $800,000 in sales in just one month, hitting a new company high. During the month of January, we saw an acceleration in sales growth across