STOCK TITAN

Nextech3D.ai Announces Date For Financial Results and Webcast For Fourth Quarter & Full Year 2023

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Nextech3D.ai announced the release date for its audited full year and fourth quarter 2023 financial results, showing significant annual revenue growth of 56% to $5 million compared to $3.2 million in 2022. The company will host a conference call on April 29, 2024, to discuss these results and provide a 2024 business outlook, emphasizing cost-cutting and cash flow initiatives.

Nextech3D.ai ha annunciato la data di rilascio dei risultati finanziari dell'intero anno e del quarto trimestre 2023, auditati, evidenziando una significativa crescita annuale del fatturato del 56% arrivando a 5 milioni di dollari rispetto ai 3,2 milioni di dollari del 2022. La società organizzerà una conferenza telefonica il 29 aprile 2024 per discutere questi risultati e fornire prospettive di business per il 2024, con un focus su iniziative per la riduzione dei costi e per il miglioramento del flusso di cassa.
Nextech3D.ai anunció la fecha de publicación de los resultados financieros auditados del año completo y del cuarto trimestre de 2023, mostrando un importante crecimiento anual en los ingresos del 56%, alcanzando los 5 millones de dólares en comparación con los 3,2 millones de 2022. La compañía llevará a cabo una llamada de conferencia el 29 de abril de 2024 para discutir estos resultados y ofrecer una perspectiva comercial para 2024, enfocándose en iniciativas de reducción de costos e incremento del flujo de caja.
Nextech3D.ai는 2023년 전체 및 4분기 감사 재무 결과 발표 날짜를 발표했습니다. 이 결과에 따르면 연간 매출이 56% 증가하여 320만 달러에서 500만 달러로 증가했습니다. 회사는 2024년 4월 29일에 이 결과에 대해 논의하고 2024년 사업 전망을 제공하기 위해 전화 회의를 개최할 예정이며, 비용 절감 및 현금 흐름 개선을 강조할 것입니다.
Nextech3D.ai a annoncé la date de publication des résultats financiers audités pour l'année entière et le quatrième trimestre 2023, montrant une croissance annuelle significative des revenus de 56 %, atteignant 5 millions de dollars comparé à 3,2 millions en 2022. L'entreprise organisera une conférence téléphonique le 29 avril 2024 pour discuter de ces résultats et fournir des perspectives d'affaires pour 2024, en mettant l'accent sur les initiatives de réduction des coûts et d'amélioration de la trésorerie.
Nextech3D.ai hat das Veröffentlichungsdatum für die geprüften Jahres- und Vierteljahresergebnisse 2023 bekannt gegeben, die einen signifikanten jährlichen Umsatzwachstum von 56% auf 5 Millionen Dollar im Vergleich zu 3,2 Millionen Dollar im Jahr 2022 zeigen. Das Unternehmen wird am 29. April 2024 eine Telefonkonferenz abhalten, um diese Ergebnisse zu diskutieren und einen Geschäftsausblick für 2024 zu geben, wobei der Schwerpunkt auf Kostenreduktion und Cashflow-Initiativen liegen wird.
Positive
  • Annual revenue growth of 56% in 2023
  • Annual revenue of $5 million in 2023 compared to $3.2 million in 2022
  • Pivot to India in Q4, 2023
  • Conference call scheduled for April 29, 2024, discussing financial results and 2024 business outlook
  • Strong support from customers, employees, suppliers, shareholders, and supporters in achieving success in 2023
Negative
  • None.

TORONTO, ON / ACCESSWIRE / April 26, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" (Australia's largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.

In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.

Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.

Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results as well as a 2024 business outlook- cost cutting -and cash flow followed by a question and answer period.

Preliminary Annual 2023 Financial Highlights

2023 Annual revenue growth of 56%

2023 Annual revenue of $5 million compared to $3.2 million in 2022

70,000 3D models created 12/32/2023.

Conference Call Details:

Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)

Participant Details:

North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104

For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.

Recent News

Nextech3D.ai Releasing New 3D GPT-AI For Toggle3D.ai The "All-IN-ONE 3D Platform"

Nextech3D.ai Issued Pivotal AI Patent from USPTO for Generating 3D Models from 2D Images

Nextech3D.ai Receives Notice From USPTO To Be Granted Pivotal AI Patent for Generating 3D Models from 2D images

Sign up for Investor News and Info - Click Here

For further information, please contact:

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," (OTCQX: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 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.

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 44% stake with 13 million shares in Toggle3D.ai Corp.

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



View the original press release on accesswire.com

FAQ

When will Nextech3D.ai release its audited full year and fourth quarter 2023 financial results?

Nextech3D.ai will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.

What was the annual revenue growth percentage for Nextech3D.ai in 2023?

Nextech3D.ai experienced a significant annual revenue growth of 56% in 2023.

What was the annual revenue amount for Nextech3D.ai in 2023?

Nextech3D.ai reported annual revenue of $5 million in 2023, compared to $3.2 million in 2022.

What is the estimated gross profit margin for Nextech3D.ai in 2024?

The estimated gross profit margin for Nextech3D.ai in 2024 is 30%.

What is the date and time of the conference call to discuss Nextech3D.ai's financial results?

The conference call to discuss Nextech3D.ai's full year and fourth quarter 2023 results will take place on Monday, April 29, 2024, at 5:00 PM Eastern Time.

NEXTECH3D AI CORP

OTC:NEXCF

NEXCF Rankings

NEXCF Latest News

NEXCF Stock Data

4.18M
132.32M
7.82%
Internet Retail
Consumer Cyclical
Link
United States of America
Toronto