New Risk • Jun 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (90% average weekly change). Negative equity (-CA$2.2m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.95m market cap, or US$1.42m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Annuncio • Apr 18
NexOptic Technology Corp. Announces Chief Financial Officer Changes NexOptic Technology Corp. announced the appointment of Donna Lisk as Chief Financial Officer. Ms. Lisk is a CPA with an MBA in Finance from Norwich University and a Bachelor of Commerce from Concordia University. Over the course of her 30+ year career, she has served as Chief Financial Officer for the Canadian divisions of globally recognized brands, including Warnaco (a former PVH company), Lacoste, APP Group (Mackage), and most recently as Head of Finance at Michael Kors Canada. Her leadership has spanned multiple sectors, with a focus on strategic financial management and operational excellence. Ms. Lisk replaces Patrick Rueben as CFO, as Mr. Rueben moves to a consultancy capacity with the Company. Board Change • Oct 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Chairman of the Board Rich Geruson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 25
NexOptic Technology Corp. announced that it expects to receive CAD 1 million in funding NexOptic Technology Corp. announced a non-brokered private placement that it will issue units for the aggregate gross proceeds of up to CAD 1,000,000 on October 24, 2024. Each Unit is expected to be comprised of one common share in the capital of company and one Common Share purchase warrant. The Offering is subject to approval from the Exchange. Common Shares and Warrants issued pursuant to the Offering will have a hold period of four months and one day pursuant to securities laws and the policies of the Exchange. Annuncio • Aug 06
NexOptic Technology Corp., Annual General Meeting, Sep 25, 2024 NexOptic Technology Corp., Annual General Meeting, Sep 25, 2024. Board Change • Jul 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Chairman of the Board Rich Geruson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 10
NexOptic Technology Corp. Announces CFO Changes NexOptic Technology Corp. announce the appointment of Patrick Rueben as Chief Financial Officer. Mr. Rueben is a CPA, CA, MBA with several decades of accounting and finance experience in both private and public companies listed on U.S. and Canadian stock exchanges and has held executive positions in locations throughout North and South America overseeing numerous global operations. He will be bringing a hands-on approach to NexOptic's Management team beyond its accounting department. The Company and its Board of Directors wish to sincerely thank its departing CFO, Mr. Wayne Cho and wish him well in his future endeavours. Annuncio • Dec 13
NexOptic Announces Board Changes NexOptic to report the continued onboarding of exceptional new team members to assist with its redirection in 2024 and beyond. Mr. Chris Welker, NexOptic's newest appointment, brings over 25 years of extensive technology experience spanning diverse industries, including education, legal technology, life sciences, and retail technology. Notably, he previously held the roles of VP, Engineering, and Chief Architect for LegalZoom, playing a pivotal role in spearheading technological initiatives, driving innovation, and ensuring the success of critical projects. Currently, Mr. Welker holds the prestigious position of VP Technology Chief Architect at Logile, where he continues to lead and shape technological advancements. His focus on developing and executing strategic initiatives has been a constant throughout his career, consistently propelling businesses into exponential growth. In addition to his executive roles, Mr. Welker has served in advisory capacities at other companies, lending his expertise to guide and elevate their technological strategies. Mr. Welker is excited to join as a hands-on technology advisor and business advisor for NexOptic, eagerly bringing his wealth of experience and leadership skills to the Company. NexOptic anticipates announcing additional team member appointments in subsequent news releases as part of its redirection initiatives. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Chairman of the Board Rich Geruson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 11
NexOptic Technology Corp., Annual General Meeting, Jan 10, 2023 NexOptic Technology Corp., Annual General Meeting, Jan 10, 2023. Annuncio • Nov 08
NexOptic Technology Corp. announced that it has received CAD 2.225478 million in funding On November 7, 2022, NexOptic Technology Corp. closed the transaction. The company 39,564,053 units at a price of CAD 0.05625 per unit for aggregate gross proceeds of CAD 2,225,477.98. Aggregate finder's fees of CAD 32,032.22 were paid in cash and a further 569,462 finder's warrants were issued on the same terms as the warrants. All securities issued in the Placement are subject to a hold period in Canada expiring on March 8, 2023. The transaction included participation from Stephen Petranek director of the company for 500,000 units, Arch Meredith director of the company for 1,000,000 units, Paul McKenzie Chief Executive Officer for 2,000,000 units. Annuncio • Sep 21
Nexoptic Technology Corp. Announces CFO Changes NexOptic Technology Corp. report that Mr. Chulhyun ("Wayne") Cho is joining as its new Chief Financial Officer. Mr. Cho brings a wealth of experience in finance and accounting to the team, including 8 years with Deloitte & Touche LLP ("Deloitte") where he led various assurance and consulting projects for different types of corporate clients of varying sizes during his tenure. He subsequently served as the head of finance for 2 large organizations in resource and service industries for 6 years after leaving Deloitte. With his well-rounded experiences serving as both provider and recipient of professional advisory services, as well as through the public accounting practice he is currently serving as a lead accountant for, Mr. Cho has successfully guided clients both large and small across many industries and geographic regions in identifying risks, developing strategy, and overseeing cross-functional and multi-national teams in the execution of internal controls and annual financial statement audits. In addition to his Chartered Professional Accountant, Chartered Accountant ("CPA CA") designation, Mr. Cho holds Certified Internal Auditor (CIA) designation and is currently working towards his Chartered Business Valuator (CBV) designation. NexOptic's management and Board of Directors wishes to sincerely thank Ms. Samantha Shorter, whom Mr. Cho is replacing as CFO for her professionalism and her many contributions made to the Company. Ms. Shorter will remain as a consultant to NexOptic. The Company also wishes to report that the sales and marketing initiatives specific to its AI suite of technologies, Aliis, continue with fervour including from its Korean subsidiary operations, NexOptic Asia, with the full support of NexOptic's highly skilled Canadian AI team members. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Chairman of the Board Rich Geruson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Chairman of the Board Rich Geruson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 03
NexOptic Technology Corp. Unveils Newest Offering of Its ALIIS Program NexOptic Technology Corp. unveiled the newest offering of its ALIIS™ program —Neural Embedding AI for Imaging (“Neural Embedding”). The technology is processed on-device(s) in real-time, transforming images and videos into compact machine representations ready for use by downstream storage and processing. Immediate use-cases include applications where centrally storing, transmitting, or processing large amounts of image and video data is unfeasible but strongly desired. For example, Neural Embedding can assist in video analytics, where hundreds if not thousands of cameras produce enormous amounts of video data. Neural Embedding can distill the incoming video data prior to storage and processing, thereby reducing the total amount of computation required to accomplish the task and saving time, energy, and infrastructure costs. The patent filed around this, NexOptic’s latest AI offering, also covers imaging pipelines that would use NexOptic’s Neural Embedding to enhance images and videos or to reduce processing and storage complexity, as well as ways for it to be incorporated into larger systems. Never intended to be a single AI solution, Aliis leverages the latest advancements in deep learning to provide clients a growing suite of powerful tools that better all aspects of imaging. This means that NexOptic clients can effectively select tailor-made solutions to meet their desired outcomes. ALIIS is patented and patent pending. Annuncio • Jun 18
NexOptic Technology Corp. Receives its 2nd Patent Notice of Allowance from the US Patent Office for Another Key Artificial Intelligence Invention NexOptic Technology Corp. announced that the United States Patent and Trademark Office has issued a Notice of Allowance for an important NexOptic patent application covering bright spot removal during video and image capture using a neural network, all part of the ALIISTM (All Light Intelligent Imaging Solutions) AI solution suite. A Notice of Allowance is an indication that the invention qualifies for a patent and that administrative and other steps are required prior to its issuance. An invention is still considered "patent pending" until a final patent has been issued. The patent, once issued, will provide additional key intellectual property protection for NexOptic's disruptive AI for all levels of imaging including video, data compression and more. Annuncio • Jun 02
Nexoptic Technology Corp. Announces Its Intelligent Imaging Suite ALIISTM Was on Showcase At the Qualcomm 5G Summit 2021 Event Alongside the New 700-Series Chipset for Mobile Devices NexOptic Technology Corp. announced that its intelligent imaging suite ALIISTM was on showcase at the Qualcomm 5G Summit 2021 event alongside the new 700-series chipset for mobile devices: the Snapdragon 778G. As a Qualcomm Advantage Network member, NexOptic's Aliis is integrated onto Snapdragon platforms. The Snapdragon 778G chipset includes Qualcomm's cutting-edge 6th Gen Qualcomm Artificial Intelligence Engine that delivers ultra-fast responses and faster data transfer between cores, all while maintaining extremely low power consumption. This latest Snapdragon chipset is expected to appear in premium mid-range smartphone offerings from Honor, iQOO, Motorola, Oppo, and Realme in the second quarter of 2021, giving access to premium Snapdragon experiences like Aliis to a wider audience. Annuncio • May 13
NexOptic Receives Patent Notice of Allowance from the US Patent Office for Key Artificial Intelligence Discovery NexOptic Technology Corp. announced that the United States Patent and Trademark Office has issued a Notice of Allowance for an important NexOptic patent application covering low light technology, part of the ALIISTM (All Light Intelligent Imaging Solutions) AI solution suite. The patent, once issued, will provide key intellectual property protection for NexOptic's disruptive AI for all levels of imaging including video, data compression and more. The Company is expecting additional approvals for pending patents and continues to file patents covering all aspects of its allis technology. A Notice of Allowance is an indication that the invention qualifies for a patent and that administrative and other steps are required prior to its issuance. An invention is still considered "patent pending" until the final patent has been issued. Recent Insider Transactions • Apr 17
Insider recently sold CA$399k worth of stock On the 15th of April, Darcy Daugela sold around 1m shares on-market at roughly CA$0.39 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.6m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 27
New 90-day low: CA$0.36 The company is down 22% from its price of CA$0.46 on 27 November 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: CA$0.40 The company is down 22% from its price of CA$0.51 on 30 October 2020. The Canadian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 47% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: CA$0.57 The company is down 55% from its price of CA$1.26 on 24 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. Recent Insider Transactions • Sep 25
CEO, President recently sold CA$213k worth of stock On the 18th of September, Paul McKenzie sold around 217k shares on-market at roughly CA$0.98 per share. This was the largest sale by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. 