Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries AINewsBreaks — Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) Releases Preliminary 2023 Revenue Numbers, Notes ‘Consistent Profit Margins’ By: Investor Brand Network February 08, 2024 at 14:30 PM EST Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a generative artificial-intelligence (“AI”)-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers, is reporting on its preliminary unaudited financial and operating results for FY 2023, ended Dec. 31, 2023. According to the report, the unaudited results show impressive growth, with annual revenue coming in at an estimated $5 million, a 56%-plus increase compared to $3.2 million in 2022; the report also noted 70,000 3D models have been created to date. The report also estimated annual gross profit margin at 30%, which the company is anticipating will increase dramatically in 2024, based on the company’s pivot to India and AI improvements. “While 2023 was a solid year of growth for our company, we are expecting even stronger gains in 2024 as the 3D-modeling revolution gains steam and our business gains more economies of scale,” said Nextech3D.ai CEO and founder Evan Gappelberg in the press release. “Moving operations to India was a major positive for our production capability and especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023. . . . We are currently negotiating multiple major contracts for our 3D-modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing.” To view the full press release, visit https://ibn.fm/aAqJe About Nextech3D.AI Nextech3D.ai is a versatile, augmented-reality, artificial intelligence (“AI”) technology company that utilizes its proprietary 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 other online retailers. 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 in 2022. The company retains a 49% stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech shareholders. Similarly, Nextech3D.ai accomplished its second spinout, 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. For more information about the company, please visit www.NextechAR.com. About AINewsWire AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness. AINW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit www.AINewsWire.com Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer AINewsWireLos Angeles, CAwww.AINewsWire.com310.299.1717 OfficeEditor@AINewsWire.com AINewsWire is powered by IBN Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
AINewsBreaks — Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) Releases Preliminary 2023 Revenue Numbers, Notes ‘Consistent Profit Margins’ By: Investor Brand Network February 08, 2024 at 14:30 PM EST Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a generative artificial-intelligence (“AI”)-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers, is reporting on its preliminary unaudited financial and operating results for FY 2023, ended Dec. 31, 2023. According to the report, the unaudited results show impressive growth, with annual revenue coming in at an estimated $5 million, a 56%-plus increase compared to $3.2 million in 2022; the report also noted 70,000 3D models have been created to date. The report also estimated annual gross profit margin at 30%, which the company is anticipating will increase dramatically in 2024, based on the company’s pivot to India and AI improvements. “While 2023 was a solid year of growth for our company, we are expecting even stronger gains in 2024 as the 3D-modeling revolution gains steam and our business gains more economies of scale,” said Nextech3D.ai CEO and founder Evan Gappelberg in the press release. “Moving operations to India was a major positive for our production capability and especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023. . . . We are currently negotiating multiple major contracts for our 3D-modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing.” To view the full press release, visit https://ibn.fm/aAqJe About Nextech3D.AI Nextech3D.ai is a versatile, augmented-reality, artificial intelligence (“AI”) technology company that utilizes its proprietary 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 other online retailers. 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 in 2022. The company retains a 49% stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech shareholders. Similarly, Nextech3D.ai accomplished its second spinout, 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. For more information about the company, please visit www.NextechAR.com. About AINewsWire AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness. AINW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit www.AINewsWire.com Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer AINewsWireLos Angeles, CAwww.AINewsWire.com310.299.1717 OfficeEditor@AINewsWire.com AINewsWire is powered by IBN
Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a generative artificial-intelligence (“AI”)-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers, is reporting on its preliminary unaudited financial and operating results for FY 2023, ended Dec. 31, 2023. According to the report, the unaudited results show impressive growth, with annual revenue coming in at an estimated $5 million, a 56%-plus increase compared to $3.2 million in 2022; the report also noted 70,000 3D models have been created to date. The report also estimated annual gross profit margin at 30%, which the company is anticipating will increase dramatically in 2024, based on the company’s pivot to India and AI improvements. “While 2023 was a solid year of growth for our company, we are expecting even stronger gains in 2024 as the 3D-modeling revolution gains steam and our business gains more economies of scale,” said Nextech3D.ai CEO and founder Evan Gappelberg in the press release. “Moving operations to India was a major positive for our production capability and especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023. . . . We are currently negotiating multiple major contracts for our 3D-modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing.” To view the full press release, visit https://ibn.fm/aAqJe About Nextech3D.AI Nextech3D.ai is a versatile, augmented-reality, artificial intelligence (“AI”) technology company that utilizes its proprietary 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 other online retailers. 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 in 2022. The company retains a 49% stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech shareholders. Similarly, Nextech3D.ai accomplished its second spinout, 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. For more information about the company, please visit www.NextechAR.com. About AINewsWire AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness. AINW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit www.AINewsWire.com Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer AINewsWireLos Angeles, CAwww.AINewsWire.com310.299.1717 OfficeEditor@AINewsWire.com AINewsWire is powered by IBN
