NexTech3D AI Reports Preliminary Unaudited 2024 Revenue of $3.1mill with Gross Profit of $1.9 mill +62% Sees Positive Outlook for 2025 With a 80%+ Profit Margins and AI Sales Growth
NexTech3D AI Reports Preliminary Unaudited 2024 Revenue of $3.1mill with Gross Profit of $1.9 mill +62% Sees Positive Outlook for 2025 With a 80%+ Profit Margins and AI Sales Growth · ACCESS Newswire

In This Article:

Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), established in 2018, has been a pioneer in augmented reality (AR) and artificial intelligence (AI) technologies, and a leader in advanced 3D AI-driven solutions reports preliminary unaudited results for 2024:

Reports Preliminary Unaudited 2024:

Revenue of $3.1mill

with Gross Profit of $1.9 mill +62%

Sees Positive Outlook for 2025 With a 80%+ Profit Margin

Comparison of 2024 to 2023: In 2024, Nextech3D AI achieved a strong increase in its gross profit margin, reaching 65% compared to 29% in 2023. This was driven by the implementation of AI technologies and having 3D operations in India. Furthermore, the Company reduced its overall operational costs by 35% in 2024, positioning it for even greater savings and operational efficiency in 2025. The improved gross margin and cost reduction reflect the company's commitment to innovation and its ongoing efforts to streamline operations.

"We are encouraged with our early success in sales in 2025 and the solid progress we made in cost cutting and improving margins in 2024," said Evan Gappelberg, CEOI. "With a strong sales performance in January, cost reduction initiatives on track, and continued advancements in AI, we are confident that we will meet our 2025 goals of achieving an 80% gross profit margin and expanding our market share."

2025 Outlook and Performance Projections: Looking ahead to 2025, NexTech3D AI is tracking a projected gross profit margin of 80%+ by the end of the year. This is a continuation of the Company's commitment to enhancing operational efficiency through AI, cloud optimization, and automated processes. The Company is also laser focused on driving sales growth through strategic hires, including new Business Development Representatives (BDRs), and further expansion of its product offerings, including the continued growth of its MapD platform. Additionally, using AI tools the company anticipates reducing its overall operational costs by more than 50% in 2025, leveraging AI and optimizing cloud infrastructure to drive sustained profitability.

Nextech3D.AI continues to lead in the development and deployment of AI-powered 3D solutions that drive value for its customers and shareholders, with a focus on technological innovation and operational excellence.

About NexTech3D AI: NexTech3D AI is a leader in the development and deployment of AI-powered 3D solutions for various industries, offering a suite of cutting-edge products that enhance customer engagement and streamline operations. With a focus on technological innovation, the Company is transforming the future of 3D and AI integration for businesses worldwide.