Nextech3D.ai Reports Preliminary 70% Gross Profit Margin in Q2, 2024 Revenue of $1.2 Million
Nextech3D.ai (OTCQX:NEXCF) reports preliminary Q2 2024 results with $1.2 million revenue, up from $1 million in Q1. The company achieved a 70% gross profit margin, a six-year high, compared to 50% in Q1 and 30% in 2023. This improvement is attributed to their strategic pivot to India and AI technology advancements. As a newly certified 3D Model External Content Provider (ECP) for Amazon, Nextech3D.ai anticipates significant growth opportunities. The company's 3D modeling services are expected to benefit from Amazon's promotion to their merchants, with 3D model listings showing a 2X improvement in purchase conversion. Nextech3D.ai's patented technology enables scalable 3D model creation from 2D and CAD images, positioning them strategically in the rapidly growing e-commerce 3D modeling market.
Nextech3D.ai (OTCQX:NEXCF) riporta risultati preliminari per il secondo trimestre del 2024 con un fatturato di 1,2 milioni di dollari, in aumento rispetto a 1 milione nel primo trimestre. L'azienda ha ottenuto un margine di profitto lordo del 70%, il più alto degli ultimi sei anni, rispetto al 50% nel primo trimestre e al 30% nel 2023. Questo miglioramento è attribuito al loro spostamento strategico verso l'India e ai progressi nella tecnologia AI. In quanto nuovo fornitore esterno di contenuti di modelli 3D (ECP) certificato per Amazon, Nextech3D.ai prevede opportunità di crescita significative. Si prevede che i servizi di modellazione 3D dell'azienda beneficeranno della promozione di Amazon per i suoi commercianti, con le inserzioni di modelli 3D che mostrano un miglioramento del 2X nella conversione degli acquisti. La tecnologia brevettata di Nextech3D.ai consente la creazione scalabile di modelli 3D a partire da immagini 2D e CAD, posizionandoli strategicamente nel rapidamente crescente mercato della modellazione 3D per l'e-commerce.
Nextech3D.ai (OTCQX:NEXCF) informa resultados preliminares para el segundo trimestre de 2024 con ingresos de 1,2 millones de dólares, en comparación con 1 millón en el primer trimestre. La compañía logró un margen de ganancia bruta del 70%, el más alto en seis años, comparado con el 50% en el primer trimestre y el 30% en 2023. Esta mejora se atribuye a su cambio estratégico hacia India y los avances en tecnología de IA. Como nuevo proveedor externo de contenido de modelos 3D (ECP) certificado para Amazon, Nextech3D.ai anticipa oportunidades significativas de crecimiento. Se espera que los servicios de modelado 3D de la compañía se beneficien de la promoción de Amazon a sus comerciantes, con listados de modelos 3D mostrando una mejora del 2X en la conversión de compras. La tecnología patentada de Nextech3D.ai permite la creación escalable de modelos 3D a partir de imágenes 2D y CAD, posicionándolos estratégicamente en el rápidamente creciente mercado de modelado 3D para comercio electrónico.
Nextech3D.ai (OTCQX:NEXCF)는 2024년 2분기 예비 결과를 보고하며 120만 달러의 수익을 나타내며, 1분기 100만 달러에서 증가했습니다. 이 회사는 70%의 총 이익률을 달성했으며, 이는 지난 6년 내 최고 수치로 1분기의 50% 및 2023년의 30%와 비교됩니다. 이러한 개선은 인도로의 전략적 전환과 AI 기술 발전 덕분입니다. 아마존의 새로운 인증된 3D 모델 외부 콘텐츠 제공업체(ECP)로서 Nextech3D.ai는 상당한 성장 기회를 기대합니다. 회사의 3D 모델링 서비스는 아마존의 상인에게 시행될 프로모션으로 혜택을 볼 것으로 예상되며, 3D 모델 목록이 구매 전환에서 2배 향상을 보여줍니다. Nextech3D.ai의 특허 기술은 2D 및 CAD 이미지에서 3D 모델을 대량으로 생성할 수 있게 하여, 빠르게 성장하는 전자상거래 3D 모델링 시장에서 전략적으로 위치를 잡게 합니다.
Nextech3D.ai (OTCQX:NEXCF) annonce des résultats préliminaires pour le deuxième trimestre 2024, avec un chiffre d'affaires de 1,2 million de dollars, en hausse par rapport à 1 million au premier trimestre. L'entreprise a réalisé une marge bénéficiaire brute de 70%, un sommet en six ans, contre 50% au premier trimestre et 30% en 2023. Cette amélioration est attribuée à leur pivot stratégique vers l'Inde et aux avancées technologiques en IA. En tant que nouveau fournisseur externe de contenu de modèle 3D (ECP) certifié pour Amazon, Nextech3D.ai prévoit d'importantes opportunités de croissance. Les services de modélisation 3D de l'entreprise devraient bénéficier de la promotion d'Amazon auprès de ses commerçants, les listes de modèles 3D montrant une amélioration de 2X dans la conversion des achats. La technologie brevetée de Nextech3D.ai permet la création évolutive de modèles 3D à partir d'images 2D et CAD, les positionnant stratégiquement sur le marché de la modélisation 3D en pleine croissance du commerce électronique.
Nextech3D.ai (OTCQX:NEXCF) berichtet über vorläufige Ergebnisse für das zweite Quartal 2024 mit Umsätzen von 1,2 Millionen Dollar, ein Anstieg von 1 Million Dollar im ersten Quartal. Das Unternehmen erreichte eine Bruttogewinnmarge von 70%, der höchste Wert seit sechs Jahren, verglichen mit 50% im ersten Quartal und 30% im Jahr 2023. Diese Verbesserung wird auf die strategische Neuausrichtung nach Indien und Fortschritte in der KI-Technologie zurückgeführt. Als neu zertifizierter 3D-Modell Externer Inhaltanbieter (ECP) für Amazon erwartet Nextech3D.ai erhebliche Wachstumsmöglichkeiten. Die 3D-Modellierungsdienste des Unternehmens werden voraussichtlich von der Werbung Amazons an seine Händler profitieren, wobei 3D-Modellauflistungen eine 2-fache Verbesserung der Kaufkonversion aufweisen. Die patentierte Technologie von Nextech3D.ai ermöglicht die skalierbare Erstellung von 3D-Modellen aus 2D- und CAD-Bildern und positioniert sie strategisch im schnell wachsenden Markt für 3D-Modellierung im E-Commerce.
- Revenue growth to $1.2 million in Q2 2024, up from $1 million in Q1
- Gross profit margin increased to 70% in Q2, compared to 50% in Q1 and 30% in 2023
- Certification as a 3D Model External Content Provider (ECP) for Amazon
- Strategic pivot to India positively impacting production capacity and profits
- Patented technology for scalable 3D model creation from 2D and CAD images
- None.
TORONTO, ON / ACCESSWIRE / July 30, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Certified 3D Model External Content Provider (ECP) for Amazon and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its preliminary unaudited financial and operating results for Q2 2024, ending June 30, 2024. These results indicate strong revenue growth of
CEO Commentary
Nextech3D.AI CEO and founder Evan Gappelberg commented, "We are pleased with our Q2 preliminary results, especially our
He continued, "Our growth in 2024 is set to accelerate as we secure more enterprise deals and as Amazon promotes our 3D modeling services to their merchants. At the same time, we are developing crucial AI technology that will continue to drive our revenue and profits. We are witnessing a rapid convergence of AR and AI technology, which is beginning to drive the mass adoption of 3D modeling for e-commerce."
Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.
Nextech's patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon's stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon's expansive marketplace that are currently selling products in Amazon stores.
Key Features of Nextech3D.ai's 3D-Platform Offering:
Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
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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 manufacturers with CAD files and for E-COMMERCE merchants. 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.
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.
Investor Relations Contact
Evan Gappelberg
CEO at NexTech AR Solutions
Email: evan@nextechar.com
SOURCE: ARway Corporation
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