Nextech3D AI Stock Price, News & Analysis

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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.

Nextech3D.ai (CSE:NTAR)(OTCQX:NEXCF) has announced the expansion of its AI team with three key hires, including a computer vision researcher and two machine learning scientists. Additionally, the company has introduced feature upgrades aimed at enhancing user experience and addressing the growing demand for 3D models. These upgrades include multi-region support and the ability to upload larger files. CEO Evan Gappelberg discussed the progress in an interview, highlighting their commitment to innovation. This announcement comes amidst a competitive landscape where technological advancements in AI and 3D modeling are essential for maintaining market relevance.

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.