NextGen Digital Platforms Inc. has released its financial results for the first quarter of 2025, marking its initial report as a public company. The company, based in Fredericton, New Brunswick, reported a revenue of $823 and a net loss of ($38,218) for the quarter ending June 30, 2024. Despite the net loss, NextGen maintains a healthy working capital position, with cash and cash equivalents totaling $349,368.
Joel Freudman, Founder, President & CEO of NextGen, conveyed his satisfaction with the results, highlighting the revenue generated from their e-commerce platform PCSections.com and their ‘Cloud AI Hosting’ hardware-as-a-service business. He emphasized the company’s commitment to expanding their GPU workstations to support the growth of their Cloud AI Hosting business and achieve long-term operational goals.
NextGen specializes in developing and acquiring revenue-generating micro-technology digital platforms, including e-commerce and cloud AI hosting services. The company was founded by Joel Freudman and operates under the umbrella of Resurgent Capital Corp., a merchant bank focusing on venture capital markets advisory services. NextGen is listed on the Canadian Securities Exchange (CSE) under the ticker symbol NXT.
For further updates and information on NextGen Digital Platforms Inc., interested parties can visit the company’s website or contact Joel Freudman, the company’s Founder, President & CEO, via phone or email. Investors are advised to consider the cautionary statements regarding forward-looking information provided in the press release.
