Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
Nextech3D AI (NEXCF) delivers cutting-edge AI and augmented reality solutions that power immersive 3D experiences across e-commerce, education, and industrial applications. This dedicated news hub provides investors and technology stakeholders with essential resource for tracking the company's strategic developments.
Access comprehensive updates including product launch announcements, partnership agreements, financial disclosures, and technology breakthroughs. Our curated collection enables efficient monitoring of Nextech3D AI's progress in spatial computing, AI-powered 3D modeling innovations, and metaverse infrastructure development.
Key content categories include earnings reports, intellectual property milestones, executive leadership updates, and analysis of emerging AR/VR market trends. All materials maintain strict editorial standards to ensure factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to official press releases and verified third-party analysis. Regular updates ensure you remain informed about Nextech3D AI's advancements in photorealistic 3D WebAR solutions and their industry-specific applications.
Nextech3D.ai (OTCQX:NEXCF) announces conditional approval from the Canadian Securities Exchange (CSE) for its spin-off of Toggle3D.ai, an AI-powered 3D modeling platform. Toggle3D.ai allows users without technical knowledge to create high-quality 3D models easily. The new CSE trading symbol will be TGGL, with trading expected to commence in June 2023. Shareholders will receive 4 million new shares in Toggle3D.ai on a pro-rata basis. Toggle3D.ai aims to revolutionize the design industry by converting large CAD files into accessible 3D models. The global GGI Application Software market is valued at $160 billion, presenting a significant opportunity for growth. With its innovative platform, Nextech3D.ai retains a strategic position as a leader in 3D modeling solutions for e-commerce.
Nextech3D.ai (OTCQX: NEXCF) announced its financial results for Q4 and fiscal year 2022, showcasing impressive growth in 3D modeling revenue, which surged by 266% from 2021 to reach $1.5 million. The company reported total fiscal revenue of $11.5 million, with technology services contributing $3.2 million. The gross profit margin for technology services expanded to 82% in 2022, indicating a substantial increase from 51% in 2021. Notably, Amazon became Nextech's largest enterprise customer, marking a significant endorsement of its 3D model services. The CEO expressed optimism for the future, emphasizing the growing demand for 3D modeling in multiple sectors.
Nextech3D.ai (OTCQX:NEXCF) announced plans to release its audited financial results for fiscal year 2022 and Q4 2022 on April 20, 2023, after market close. A conference call will follow at 5:00 PM ET, featuring CEO Evan Gappelberg and CFO Andrew Chan. In preliminary reports, Nextech3D.ai declared total revenues of $10.3 million for 2022, with technology services contributing $3.1 million and a legacy e-commerce business generating $7.2 million. The 3D modeling segment saw an impressive 266% increase year-over-year, bringing in $1.5 million. Gross profit margins for technology services rose to 43% in 2022, up from 28% in 2021. Nextech3D.ai focuses on the growing e-commerce sector, offering significant growth opportunities in AI-powered 3D modeling, positioning itself as a key supplier for major retailers.
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