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NexOptic Technology ( (TSE:NXO) ) has issued an update.
NexOptic Technology Corp. announced the termination of its planned private placement due to delays in product commercialization and retracted its previous revenue guidance for Q4 2024. The company is exploring alternative financing options that align with current market conditions while continuing to expand its patent portfolio and seek new revenue streams.
More about NexOptic Technology
NexOptic is an innovative imaging AI company based in Vancouver, Canada, specializing in patented and patent-pending AI solutions for imaging, such as ALIIS™ (All Light Intelligent Imaging Solutions) and NexCompress.
YTD Price Performance: -25.00%
Average Trading Volume: 84,316
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$2.93M
Find detailed analytics on NXO stock on TipRanks’ Stock Analysis page.