Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
Nextech3D AI Corp (NEXCF) is a pioneering company in generative AI-powered 3D modeling technology for major e-commerce retailers like Amazon, Miele, P&G, and Kohls. Utilizing breakthrough AI, the company transforms vast amounts of 2D content into interactive 3D holograms, enabling immersive and photo-realistic 3D assets creation. With a strong focus on the metaverse economy, Nextech3D AI offers end-to-end AR solutions in various sectors such as 3D commerce, education, events, and industrial manufacturing. The strategic partnerships and advancements in AI technology showcase the company's commitment to leading the evolution of digital commerce through cutting-edge 3D and AI solutions.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), has announced plans to expand its fiber-to-the-home (FTTH) broadband services to Berryville, Virginia. The expansion will serve approximately 1,800 homes and businesses, with construction scheduled to begin in summer 2025.
The company will provide symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its 16,000-mile regional fiber network. The service offers high-speed internet, phone service, video service, and Whole Home Wi-Fi solutions. Key features include exceptional reliability, no long-term contracts, and local customer service.
This expansion represents Glo Fiber's continued growth across Virginia, West Virginia, Maryland, Pennsylvania, Ohio, and Delaware, focusing on bringing high-speed fiber service to rural communities.
Eva Live Inc. (OTCQB:GOAI) has announced a 4-to-1 reverse stock split effective February 11, 2025, as part of its strategy to uplist to a national securities exchange. The move aims to increase the company's share price to meet national exchange listing requirements and attract institutional investors.
Under the reverse split, every four shares of outstanding common stock will be converted into one share. Shareholders entitled to fractional shares will receive one full share instead, and no action is required from shareholders as changes will be automatically reflected in their accounts.
CEO David Boulette stated that this decision is a pivotal step in the company's long-term growth strategy, intended to strengthen market presence and improve liquidity for shareholders.
Nextech3D.ai (NEXCF) has launched its first social media marketing campaign in partnership with Closers.io, starting February 5, 2025. The 12-week campaign targets TikTok, Instagram, and Facebook platforms to enhance sales performance and brand visibility through AI-powered ad optimization and data-driven analytics.
The company has simultaneously introduced a new suite of AI-powered products focused on improving 3D modeling, automation, and immersive technology applications, with additional releases planned throughout the year. The 2025 strategic outlook includes expanding market reach, enhancing the MapD platform, and implementing AI technologies to reduce operational costs by over 50% through improved workflow automation and cloud infrastructure optimization.
Nextech3D.AI (CSE:NTAR)(OTC:NEXCF)(FSE:1SS) has announced a change in its fiscal year-end from December 31 to March 31. This modification aims to better align the company's financial statements and continuous disclosure requirements with its affiliates, streamlining reporting obligations.
As a result of this change, the company will file its annual disclosures in late July 2025, covering a 15-month period ending March 31, 2025. These disclosures will include audited financial statements in accordance with National Instrument 51-102. Additional details regarding the change and interim reporting procedures will be available in the Company's Notice of Change of Financial Year-End on SEDAR.
Nextech3D.AI (NEXCF) has announced the completion of a share issuance of 21,046,338 common shares to CEO Evan Gappelberg. The shares were issued at CAD$0.065 per share to settle outstanding debt owed to the CEO. The issued shares are subject to a four-month holding period until June 7, 2025, in compliance with securities regulations. This share issuance is part of the company's strategy to align leadership interests with shareholders and promote long-term value creation.
Evan Gappelberg has acquired 21,046,338 common shares of Nextech3D.ai through a private placement on February 7, 2025. This acquisition represents approximately 11.5% of all issued and outstanding shares of the company.
Prior to the acquisition, Gappelberg and joint actors held 10,672,461 shares and convertible securities for an additional 1,250,000 shares, representing about 6.5% ownership (7.2% if converted). Following the acquisition, their total holdings increased to 31,718,799 shares plus convertible securities, representing approximately 17.3% ownership (17.9% if converted).
The investment is being managed for investment purposes, with the possibility of increasing or decreasing holdings based on market conditions.
Nextech3D.AI (NEXCF) has reported preliminary unaudited results for 2024, showing revenue of $3.1 million with gross profit of $1.9 million. The company achieved a significant improvement in gross profit margin, reaching 65% in 2024 compared to 29% in 2023, driven by AI technologies implementation and 3D operations in India.
The company reduced operational costs by 35% in 2024 and projects further cost reduction of over 50% in 2025 through AI implementation and cloud optimization. Looking ahead to 2025, Nextech3D.AI anticipates achieving an 80%+ gross profit margin and is focusing on sales growth through strategic hires of Business Development Representatives and expansion of its MapD platform.
Nextech3D.ai (NEXCF) has secured its first customer, Marmi Stone, for its AI-Powered Photography Studio. The premier stone products provider will utilize Nextech's platform to create lifestyle product photos and 3D models for its catalog of over 200 products, requiring approximately 1,000 photos.
The AI-generated photos are priced between $13 to $20 each, offering a cost-effective solution compared to traditional photography. The company's proprietary AI technology creates super-high-quality visuals that aim to enhance online shopping experiences and drive sales.
This milestone represents Nextech3D.ai's expansion beyond 3D modeling into product photography, positioning the company to address the growing market demand for AI-driven product photography solutions that offer scalability and efficiency for businesses with extensive product catalogs.
Nextech3D.ai (OTCQX:NEXCF) has announced that CEO Evan Gappelberg will acquire 21,046,338 common shares at a deemed price of $0.065 per share, totaling approximately $1.37 million in satisfaction of outstanding indebtedness. This arrangement represents Gappelberg's decision to accept company shares instead of cash salary compensation for the past few years.
The shares will be subject to a four-month and one-day statutory hold period following issuance and require Canadian Securities Exchange approval. The company, established in 2018, specializes in augmented reality (AR) and artificial intelligence (AI) technologies, focusing on creating 3D WebAR photorealistic models for Amazon and other online retailers using patented 2D-3D technology.
Nextech3D.ai (OTCQB:NEXCF) has announced new AI-powered developments across its business units. The company's spinoff Toggle3D.ai is launching ToggleStudios Photo, an AI-powered photography platform for ecommerce that creates high-quality product imagery from 2D images and 3D models.
Another spinoff, ARway, is introducing AI agents for enhanced event management and developing AI-powered navigation tools for large venues. ARway is also expanding its salesforce to meet growing demand. The company will showcase these developments in a CEO Livestream Demo on January 22nd, 2025, at 12pm EST.
The company aims to leverage AI technology across all three platforms - Nextech3D.ai, Toggle3D.ai, and ARway - to drive sales growth in 2025. ToggleStudios specifically targets the fashion industry, offering AI-powered fashion photography at reduced costs compared to traditional photoshoots.
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