Nextech3D.ai Reports YTD Revenue of $2.9 Million and and Gross Profit of $1.88 Million, Q3 2024 Revenue of $756,476 with Gross Profit Margin of 71% or $537,503
Nextech3D.ai (OTCQB:NEXCF) reported Q3 2024 financial results with revenue of $756,476 and gross profit margin of 71% ($537,503). Year-to-date revenue stands at $2.9 Million with gross profit of $1.88 Million. The company, now an Amazon Certified 3D Content Provider, acknowledges struggles in gaining momentum in its 3D modeling business due to increased global competition. The company is launching FOTOgpt.ai Toggle Studio in December 2024 and maintains strategic investments in Toggle Studio (13M shares) and ARway.ai (15M shares). The company recently received Patent #11,948,248 for its 2D-3D technology.
Nextech3D.ai (OTCQB:NEXCF) ha riportato i risultati finanziari del terzo trimestre 2024, con ricavi pari a $756,476 e un margine di profitto lordo del 71% ($537,503). I ricavi dall'inizio dell'anno ammontano a $2.9 milioni con un profitto lordo di $1.88 milioni. L'azienda, ora fornitore certificato di contenuti 3D di Amazon, riconosce le difficoltà nel guadagnare slancio nel suo business di modellazione 3D a causa della crescente concorrenza globale. L'azienda lancerà FOTOgpt.ai Toggle Studio a dicembre 2024 e mantiene investimenti strategici in Toggle Studio (13 milioni di azioni) e ARway.ai (15 milioni di azioni). Recentemente, l'azienda ha ricevuto il brevetto n. 11,948,248 per la sua tecnologia 2D-3D.
Nextech3D.ai (OTCQB:NEXCF) reportó los resultados financieros del tercer trimestre de 2024, con ingresos de $756,476 y un margen de beneficio bruto del 71% ($537,503). Los ingresos acumulados hasta la fecha son de $2.9 millones con un beneficio bruto de $1.88 millones. La compañía, ahora proveedor de contenido 3D certificado por Amazon, reconoce las dificultades para ganar impulso en su negocio de modelado 3D debido a la creciente competencia global. La empresa lanzará FOTOgpt.ai Toggle Studio en diciembre de 2024 y mantiene inversiones estratégicas en Toggle Studio (13 millones de acciones) y ARway.ai (15 millones de acciones). Recientemente, la compañía recibió la patente n.º 11,948,248 por su tecnología 2D-3D.
Nextech3D.ai (OTCQB:NEXCF)는 2024년 3분기 재무 결과를 보고하였으며, 수익은 $756,476이고 총 이익률은 71% ($537,503)입니다. 연초부터 현재까지의 수익은 $2.9백만이며 총 이익은 $1.88백만입니다. 현재 아마존 인증 3D 콘텐츠 공급자인 이 회사는 글로벌 경쟁 증가로 인해 3D 모델링 사업에서 모멘텀을 얻는 데 어려움을 겪고 있습니다. 이 회사는 2024년 12월에 FOTOgpt.ai Toggle Studio를 출시할 예정이며 Toggle Studio(1300만 주) 및 ARway.ai(1500만 주)에 대한 전략적 투자를 유지하고 있습니다. 최근 이 회사는 자사의 2D-3D 기술에 대해 특허 #11,948,248을 수여받았습니다.
Nextech3D.ai (OTCQB:NEXCF) a annoncé les résultats financiers du troisième trimestre 2024, avec un chiffre d'affaires de $756,476 et une marge brute de 71% ($537,503). Le chiffre d'affaires depuis le début de l'année s'élève à $2.9 millions avec un bénéfice brut de $1.88 million. L'entreprise, désormais fournisseur de contenu 3D certifié par Amazon, reconnaît avoir des difficultés à gagner en dynamique dans son activité de modélisation 3D en raison d'une concurrence mondiale accrue. L'entreprise lancera FOTOgpt.ai Toggle Studio en décembre 2024 et maintient des investissements stratégiques dans Toggle Studio (13 millions d'actions) et ARway.ai (15 millions d'actions). Récemment, l'entreprise a obtenu le brevet n° 11,948,248 pour sa technologie 2D-3D.
Nextech3D.ai (OTCQB:NEXCF) hat die Finanzahlen für das 3. Quartal 2024 veröffentlicht, mit Einnahmen von $756,476 und einer Bruttogewinnmarge von 71% ($537,503). Die Einnahmen seit Jahresbeginn belaufen sich auf $2,9 Millionen mit einem Bruttogewinn von $1,88 Millionen. Das Unternehmen, das jetzt ein zertifizierter 3D-Inhaltsanbieter von Amazon ist, erkennt an, dass es Schwierigkeiten hat, im 3D-Modellierungsgeschäft an Schwung zu gewinnen, was auf einen zunehmenden globalen Wettbewerb zurückzuführen ist. Das Unternehmen wird im Dezember 2024 FOTOgpt.ai Toggle Studio launchen und investiert strategisch in Toggle Studio (13 Millionen Aktien) und ARway.ai (15 Millionen Aktien). Kürzlich erhielt das Unternehmen das Patent Nr. 11,948,248 für seine 2D-3D-Technologie.
- High gross profit margin of 71% in Q3 2024
- Achieved Amazon Certified 3D Content Provider status
- Secured patent #11,948,248 for 2D-3D technology
- Strategic investments in Toggle Studio (13M shares) and ARway.ai (15M shares)
- Struggling to gain momentum in core 3D modeling business
- Increased global competition affecting market position
- Uncertain future demand from Amazon despite certification
2024 Highlights
Now Amazon Certified 3D Content Provider
Launches
100% AI Generated FOTOgpt.ai Toggle StudioIssued 2D-3D Patent #11,948,248
TORONTO, ON / ACCESSWIRE / November 29, 2024 / Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, other major e-commerce retailers reports its unaudited financial and operating results for its second quarter ended September 30th, 2024.
Financial Performance
Revenue:
Gross Profit Margin:
Operational Highlights
3D Modeling Business: We continue to innovate and push our AI technology forward in our core 3D modeling business, delivering thousands of high-quality 3D models to our diverse customer base on a monthly basis.
Strategic Initiatives
While we are struggling to gain momentum in our 3D modeling business we are continuing to invest in AI. Notably the Toggle Studio FOTOgpt.ai which we are launching next month and into Q1 2025.
Looking ahead at the business opportunities into 2025:
- 3D modeling business as evident by the Q3 numbers released today 3D modeling business continues to struggle to gain momentum as more competition has come to market from all over the world. While we continue to work with Amazon, as one of the certified 3D model suppliers for the Amazon platform, we are cautiously optimistic about future demand from Amazon.
- Toggle Studio (CSE:TGGL)(OTCQB:TGGLF) of which Nextech owns 13 million shares continues to build its AI Studio for both 2D and 3D applications. Notably its new AI photography studio FOTOgpt.ai. The company believes that this has significant growth potential which is launching in December 2024.
- ARway.ai (CSE:ARWY)(OTCQB:ARWYF) of which Nextech owns 15 million shares continues to generate significant revenue and cash flow primarily through its mapping software. This business which has been around for almost two decades is continuing to build its new capabilities with new AI features that the company believes will ignite sales.
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For more information and full report go to
https://www.sedarplus.ca
For further information, please contact:
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 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.
SOURCE: Nextech3D.ai
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