Nextech3D AI Stock Price, News & Analysis

Nextech3D.ai (OTCQX:NEXCF), a pioneer in AR and AI technologies since 2018, has announced the issuance of stock options to several key individuals. The company has granted:

• 50,000 two-year stock options to new board member Peter Bloch at $0.07/share
• 250,000 two-year stock options to CFO Anum Wagas at $0.07/share
• 25,000 two-year stock options to board member Anthony Pizzonia at $0.007/share
• 500,000 two-year stock options to consultant Wilson Christopher at $0.07/share

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) has achieved a significant milestone by receiving certification as an Amazon 3D content provider after successfully completing Amazon's external content training program. The certification validates the company's capability to create 3D content using product images for Amazon's platform.

In parallel, the company announced board member changes with Belinda Tyldesley stepping down for personal reasons and the appointment of Peter Bloch as her replacement. Bloch brings extensive executive experience, including roles as CEO of BresoTEC Inc. and Bionik Laboratories, along with CFO positions at Sanofi Canada, Intellivax Inc., and other prominent companies. His track record includes successful fundraising, IPO experience, and managing companies with revenues up to $2 billion.

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 announces that its spin-out Toggle.ai has rebranded as FOTOgpt.ai, reflecting its focus on AI-powered photography. Nextech3D.ai owns 45% (13 million shares) of FOTOgpt.ai. The company plans to launch an AI-powered photography studio as an API plugin in December 2024, followed by a mobile app in Q1 2025. The platform enables merchants to generate high-resolution product images (1K to 4K) within minutes, offering a cost-effective alternative to traditional photo shoots. Key features include low-cost operation, instant results, versatile product angles, and e-commerce-ready outputs with customizable backgrounds.

Nextech3D.ai has announced a livestream event featuring CEO Evan Gappelberg on Wednesday, November 13th at 12pm EST. The session will focus on demonstrating FotoGPT, their new AI-powered photography studio for ecommerce, and discussing the company's future direction in 3D and AI photography. The company specializes in creating hyper-realistic 3D models using patented AI technology, which helps improve product visualization and reduce return rates for e-commerce platforms like Amazon. This new AI photography technology represents an expansion of their AI technology stack.

Nextech3D.ai (OTCQX:NEXCF) attended the High Point Fall Market from October 26-30, 2024, one of the largest furniture trade shows globally. The company's Head of Sales, Mady Wymsa, conducted meetings with leading furniture brands to discuss their 3D modeling and AI photography solutions. The technology aims to enhance digital presence, boost online sales conversions, reduce return rates, and improve brand loyalty through interactive and immersive shopping experiences. CEO Evan Gappelberg emphasized the company's role in revolutionizing furniture visualization and highlighted growing market demand for their advanced technologies.

Toggle3D.ai has launched its new Photo Studio API, a scalable tool for AI-powered image processing and editing. The API offers features including image retouching, background removal, color adjustments, and automated editing workflows, with support for bulk operations processing thousands of images simultaneously. The solution targets e-commerce, social media, marketing, and creative industries, providing high-quality image production with minimal latency. The API includes function calling for third-party tool integration and offers flexible pricing based on API call volume.

Nextech3D.AI (OTCQX:NEXCF) has launched an AI-powered lifestyle image generator for e-commerce platforms. This new capability enhances 3D models or 2D pictures with lifestyle backgrounds, generating high-resolution images (1K to 4K) for platforms like Amazon, Etsy, and eBay. Key advantages include:

• Low cost alternative to expensive photo shoots
• High-quality images produced in minutes
• Versatile product angles without green screens
• Easy customization with multiple backgrounds

The e-commerce product photography market is expected to reach $275.4 billion by 2030, with a CAGR of 11.6%. High-quality product images can increase conversion rates by 30% and reduce return rates by 22%. Nextech3D.AI has also renewed its share purchase warrant program, issuing 9,000,000 warrants to service providers.