Nextech3D AI Stock Price, News & Analysis

Nextech3D.ai (OTCQX:NEXCF), a leading provider of AI-powered 3D modeling solutions, has announced three strategic hires to enhance its AI team in response to escalating demand for 3D models across the e-commerce sector. The new team members include experts in computer vision and machine learning, aimed at accelerating 3D model production. Notably, the company has achieved a breakthrough in 3D model texture creation, enabling a production speed increase of 720x. This innovation positions Nextech3D.ai for a record revenue year. Furthermore, the company introduced new automated features that streamline operations for its clients, particularly for Amazon's marketplace. CEO Evan Gappelberg emphasized the company's growth potential and leadership in the industry, with an eye toward becoming cash flow positive.

Nextech3D.ai (OTCQX:NEXCF) will release its fourth quarter and annual audited results for 2022 on April 20, 2023, after market close.

The Company, a 3D model supplier for major e-commerce retailers, will host a conference call at 5:00 PM ET on the same day to discuss the financial results, which include a preliminary total revenue of $10.3 million for the fiscal year.

Of this, $3.1 million came from technology services, while the legacy e-commerce business contributed $7.2 million. The 3D modeling revenue grew by 266% YoY, totaling $1.5 million.

Additionally, the gross profit margin for technology services improved to 43% in 2022, up from 28% in 2021.

Nextech3D.ai, formerly known as Nextech AR Solutions Corp (OTCQX:NEXCF), has announced its upcoming presentation by CEO Evan Gappelberg at the OTC VirtualInvestorConferences.com on April 13, 2023. This event will allow shareholders and investors to engage with the CEO in real-time discussions about Nextech's innovative 3D modeling and augmented reality technologies. The presentation is scheduled for 1:30 P.M. EST and interested parties are encouraged to pre-register. The company specializes in creating AI-powered 3D models for major retailers, enhancing e-commerce experiences. Nextech3D.ai continues to advance its technologies and has previously announced significant developments, including a planned IPO for its subsidiary Toggle3D.

Nextech3D.ai has announced a significant Arrangement Agreement to spin out its Toggle3D platform, leveraging AI to convert CAD files into 3D models. Effective April 5, 2023, this move aims to enhance shareholder value by distributing 4 million Spinco shares directly to Nextech shareholders and retaining 16 million shares. Toggle3D, a SaaS platform, has over 1,300 users and is positioned for growth in the $11 billion CAD market. The private placement aims to raise C$1.5 million to support Toggle3D's development. The transaction is subject to regulatory approvals and aims for a listing on the Canadian Securities Exchange. The Arrangement is expected to create another public company while strengthening Nextech's market position in AI technology.

April 4, 2023: The Power Play by The Market Herald has released interviews featuring Bocana Resources and Nextech3D.ai. Bocana Resources (TSXV:BOCA) has signed a diamond drilling contract with Leduc Drilling S.R.L. for its Escala Project in Bolivia, starting April 17, 2023, with a 2,000-meter phase-1 program lasting 4-5 weeks.

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR) announced significant enhancements to its Toggle3D platform, improving the CAD to POLY import conversion by over 10X and enabling support for manufacturing files over 1,000 MB. The company plans to offer these features in an enterprise subscription package, with expected deals over $100,000.

Nextech3D.ai (OTCQX:NEXCF) is making significant strides in the $160 billion CGI market with its Toggle3D platform, enhancing its CAD to POLY importer by over 10X. The platform, designed for enterprise-level manufacturers, now supports file sizes over 1000mb, improving conversion capabilities drastically. Within two months of its beta launch, Toggle3D has attracted over 1300 users, indicating strong market adoption. The new enterprise solution offers on-premise deployment and comprehensive support, targeting clients with budgets exceeding $100,000. This advancement positions Nextech3D.ai to capture new revenue opportunities and solidify its leadership in the 3D model supply industry.

The Power Play by The Market Herald has shared recent interviews featuring Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR), alongside Marble Financial and ARway. Nextech3D.ai is expanding into the Asian market with a significant multi-year enterprise 3D modeling deal that includes thousands of product SKUs, showcasing demand for its generative AI technology. Meanwhile, Marble Financial has partnered with Turnover Technologies to enhance auto sales, while ARway has secured five new SDK deals worth between $9,000 and $15,000. These developments signify growth and increased market presence for Nextech3D.ai, Marble Financial, and ARway.

Nextech3D.ai (OTCQX:NEXCF) has announced its entry into the Asian market with a significant enterprise 3D modeling contract covering thousands of product SKUs. This expansion is part of a broader strategy to capitalize on the booming e-commerce sector, projected to reach $5.5 trillion. The company expects to see substantial revenue growth as it secures more multi-year contracts with major retailers, including an S&P 500 Top 10 company. Additionally, Nextech's proprietary Generative AI technology positions it as a leader in 3D modeling, improving production efficiency by 720 times. The company aims to achieve cash flow positivity by enhancing its 3D model library.

Nextech3D.ai (OTCQX:NEXCF) announces that CEO Evan Gappelberg will present at the Virtual Investor Summit on March 29, 2023. This interactive online event will allow shareholders and investors to engage with Gappelberg in real time. The presentation will showcase Nextech's innovative 3D modeling and AR technologies, emphasizing the company's ability to produce scalable 3D assets through generative AI. Participants are encouraged to register in advance for the complimentary event. Recent news indicates a significant spike in user engagement on the company's SaaS platform, Toggle3D, with a +963% increase in users.