Nextech3D.ai Year-End Letter to Shareholders: Positioned for Growth, Profitability, and Innovation in 2025
Nextech3D.ai (OTCQB:NEXCF) reports key achievements for 2024, including the production of 25,000 3D models and millions of AR experiences. Financial highlights include YTD revenue of $2.9 million and gross profit of $1.88 million as of September 30, 2024. The company showed strong quarterly performance with gross profit margins reaching 74% in Q2.
The company focused on advancing automation and AI integration, including the development of FOTOgpt, while streamlining operations to achieve cash flow positivity in 2025. A major platform migration to AWS is scheduled for completion in Q1 2025. While Amazon corporate 3D modeling revenue declined, the SME business showed strong growth, positioning the company for profitability in 2025.
Nextech3D.ai (OTCQB:NEXCF) riporta i principali risultati per il 2024, inclusa la produzione di 25.000 modelli 3D e milioni di esperienze AR. Tra i punti salienti finanziari, si evidenzia un fatturato da inizio anno di 2,9 milioni di dollari e un profitto lordo di 1,88 milioni di dollari al 30 settembre 2024. L'azienda ha mostrato ottime performance trimestrali, con margini di profitto lordo che hanno raggiunto il 74% nel secondo trimestre.
L'azienda si è concentrata sull'avanzamento dell'automazione e sull'integrazione dell'AI, incluso lo sviluppo di FOTOgpt, mentre ha semplificato le operazioni per raggiungere la positività del flusso di cassa entro il 2025. Una migrazione importante della piattaforma verso AWS è prevista per il completamento nel primo trimestre del 2025. Mentre i ricavi dalla modellazione 3D corporate di Amazon sono diminuiti, il business delle PMI ha mostrato una forte crescita, posizionando l'azienda per la redditività nel 2025.
Nextech3D.ai (OTCQB:NEXCF) informa sobre logros clave para 2024, incluyendo la producción de 25,000 modelos 3D y millones de experiencias AR. Los aspectos destacados financieros incluyen unos ingresos acumulados de 2.9 millones de dólares y un beneficio bruto de 1.88 millones de dólares a partir del 30 de septiembre de 2024. La compañía mostró un sólido desempeño trimestral con márgenes de beneficio bruto alcanzando el 74% en el segundo trimestre.
La empresa se centró en avanzar en la automatización y la integración de la IA, incluyendo el desarrollo de FOTOgpt, mientras optimizaba las operaciones para lograr una positividad de flujo de efectivo en 2025. Una importante migración de plataforma a AWS está programada para completarse en el primer trimestre de 2025. Mientras los ingresos de Amazon por modelado 3D corporativo disminuyeron, el negocio de las pymes mostró un fuerte crecimiento, posicionando a la empresa para lograr rentabilidad en 2025.
Nextech3D.ai (OTCQB:NEXCF)는 2024년을 위한 주요 성과를 보고하며, 25,000개의 3D 모델과 수백만 개의 AR 경험 생성을 포함합니다. 재무 하이라이트로는 2024년 9월 30일 기준 YTD 수익이 290만 달러, 총 이익이 188만 달러입니다. 이 회사는 2분기 총 이익률이 74%에 도달하는 등 강력한 분기 성과를 보여주었습니다.
회사는 FOTOgpt 개발을 포함하여 자동화 및 AI 통합을 추진하는 데 집중했으며, 2025년까지 현금 흐름 긍정화를 달성하기 위해 운영을 간소화했습니다. AWS로의 주요 플랫폼 마이그레이션은 2025년 1분기 완료 예정입니다. 아마존의 기업 3D 모델링 수익은 감소했지만, 중소기업 비즈니스는 강한 성장을 보여 2025년 수익성 잠재력을 높이고 있습니다.
Nextech3D.ai (OTCQB:NEXCF) annonce des réalisations clés pour 2024, y compris la production de 25 000 modèles 3D et des millions d'expériences AR. Parmi les faits saillants financiers, on note des revenus cumulés de 2,9 millions de dollars et un bénéfice brut de 1,88 million de dollars au 30 septembre 2024. L'entreprise a montré une solide performance trimestrielle avec des marges bénéficiaires brutes atteignant 74 % au deuxième trimestre.
L'entreprise s'est concentrée sur l'avancement de l'automatisation et de l'intégration de l'IA, y compris le développement de FOTOgpt, tout en rationalisant les opérations pour atteindre un flux de trésorerie positif en 2025. Une migration majeure de la plateforme vers AWS est prévue pour être achevée au premier trimestre 2025. Alors que les revenus de modélisation 3D d'Amazon ont diminué, l'activité des PME a montré une forte croissance, positionnant l'entreprise pour la rentabilité en 2025.
Nextech3D.ai (OTCQB:NEXCF) berichtet über wichtige Erfolge für 2024, einschließlich der Produktion von 25.000 3D-Modellen und Millionen von AR-Erlebnissen. Zu den finanziellen Highlights gehören Einnahmen von 2,9 Millionen Dollar und ein Bruttogewinn von 1,88 Millionen Dollar zum 30. September 2024. Das Unternehmen zeigte eine starke vierteljährliche Leistung mit Bruttogewinnmargen von 74% im zweiten Quartal.
Das Unternehmen konzentrierte sich auf die Förderung von Automatisierung und KI-Integration, einschließlich der Entwicklung von FOTOgpt, während es die Abläufe optimierte, um bis 2025 einen positiven Cashflow zu erreichen. Eine wichtige Plattformmigration zu AWS ist für den Abschluss im ersten Quartal 2025 geplant. Während die Einnahmen aus dem 3D-Modellierungsbereich von Amazon gesunken sind, zeigte das SME-Geschäft ein starkes Wachstum und positioniert das Unternehmen für die Rentabilität im Jahr 2025.
- YTD revenue of $2.9 million with gross profit of $1.88 million
- Record gross profit margin of 74% in Q2 2024
- Successful production of 25,000 3D models
- Strong growth in SME business segment
- Operational cost reductions implemented
- No additional capital raise planned
- Decline in Amazon corporate 3D modeling revenue
- Spatial mapping development put on hold due to capital constraints
- Revenue decrease in Q3 ($756,476) compared to Q2 ($1,108,000)
TORONTO, ON / ACCESSWIRE / December 20, 2024 / Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce issues letter to shareholders.
Dear Shareholders,
As we reflect on 2024, we are pleased to share that Nextech3D.ai successfully produced and delivered approximately 25,000 3D models and millions of AR experiences. These milestones demonstrate the growing demand for our solutions and underscore the scalability of our platform.
Recap of 2024 YTD Financials:
In the first quarter of 2024, the company reported revenue of
In the second quarter of 2024, Nextech3D.ai reported revenue of
In the third quarter of 2024, the company achieved revenue of
9 Months - As of September 30, 2024, Nextech3D.ai reported year-to-date (YTD) revenue of
Please note that these figures are unaudited and subject to change upon the release of the company's fully audited annual report.
Throughout 2024, we focused on advancing automation within our production process by building and deploying new AI tools. In tandem, we took decisive steps to streamline our operations, including reducing headcount, to position Nextech3D.ai for long-term sustainability. These efforts are part of our broader goal to achieve cash flow positivity in 2025.
One of our most exciting advancements this year has been our investment in AI Photography, branded as "FOTOgpt." Designed as an API plugin, FOTOgpt is now integrated into Toggle Studio, expanding its functionality and reach. We look forward to sharing more updates, including an investor demo of these integrations, in January 2025.
In addition, we have been making progress on our mapping software, which encompasses both indoor spatial mapping and indoor event solutions. While our work on spatial mapping is currently on hold due to the capital-intensive nature of this complex technology, we plan to revisit it once we generate sufficient resources for reinvestment. Meanwhile, our indoor event solutions business continues to gain momentum. By adding additional salespeople and enhancing features, we expect this area to experience significant growth in 2025.
To make the platform more robust, we are currently migrating it to AWS, a major initiative that is on track for completion in Q1 2025. This transition will enhance the scalability, reliability, and overall performance of the platform, positioning it for long-term success. Furthermore, we are integrating new AI features into the platform, opening exciting growth opportunities for 2025. We view this business as an evergreen asset, and its potential continues to inspire confidence in our future.
We also continue to utilize our shares-for-services program to manage our expenses, which have decreased dramatically in 2024. These reductions will be fully reflected in our Q1 2025 results as we continued to pay off liabilities in 2024. Currently, we do not have any plans to raise additional capital. With our 2025 growth plan, significantly reduced expenses, and increased reliance on AI, we do not anticipate the need to raise capital for general corporate purposes.
Summary of 2024 Performance and 2025 Outlook
As we close 2024 and look ahead to 2025, Nextech3D.ai continues to grow its 3D modeling business, both within and beyond the Amazon ecosystem. While the Seller Central segment progressed slower than anticipated in 2024, leading to a decline in Amazon corporate 3D modeling revenue, our SME business showed strong growth. This shift highlights the importance of diversification, which has positioned us for significant growth and profitability in our SME 3D business in 2025 and beyond.
We are well-positioned to achieve profitability in our 3D modeling business in 2025, driven by enhanced AI automation and operational efficiency. Alongside this, we are building strategic new AI technologies that have potential to further the business in the coming year.
Our portfolio companies, Toggle3D.ai and ARway3D.ai, are each strategically placed for expansion and success in 2025. With their innovative solutions and evolving capabilities, these businesses are poised to contribute meaningfully to Nextech3D.ai's overall growth trajectory.
As we look toward 2025, our focus remains on leveraging AI automation, strengthening our SME business, and expanding into new opportunities powered by AI-driven innovation. We thank our shareholders for their continued trust and support as we build a brighter future together.
Sincerely,
Evan Gappelberg
CEO
Nextech3D.ai
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Investor Relations Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQB: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: Nextech3D.ai
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