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NEXTECH3D.AI ANNOUNCES DATE FOR FINANCIAL RESULTS AND WEBCAST FOR FOURTH QUARTER & FULL YEAR 2023
TORONTO, ON, Canada – April 26, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.
In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results followed by a question and answer period.
Preliminary Annual 2023 Financial Highlights
2023 Annual revenue growth of 56%
2023 Annual revenue of $5 million compared to $3.2 million in 2022
70,000 3D models created 12/32/2023.
Conference Call Details:
Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)
Participant Details:
North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104
For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.
Reminder, Nextech3D.AI said it would release its audited full year and fourth quarter 2023 financial results after market close on Monday, April 29, 2024. Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Nextech3D.ai Announces Date For Financial Results and Webcast For Fourth Quarter & Full Year 2023
TORONTO, ON, Canada – April 12 , 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.
In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results followed by a question and answer period.
Preliminary Annual 2023 Financial Highlights
• 2023 Annual revenue growth of 56%
• 2023 Annual revenue of $5 million compared to $3.2 million in 2022
• 70,000 3D models created 12/31/2023.
Conference Call Details:
Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)
Participant Details:
North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104
For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.
NexTech3D AI Corp INVESTOR LIVESTREAM today
Nextech3D.ai will host a special livestream event on Proactive Investors with CEO Evan Gappelberg. Please join us for a demo of these features as the CEO will showcase the various revenue models the Company is able to generate through these enhancements.
The Company invites individual and institutional investors, as well as advisors and analysts to attend the live, interactive online event. Guests are encouraged to join live and ask questions.
Date: Thursday April 4, 2024
Time: 2:00 p.m ET / 11:00 a.m PT
Guests: Evan Gappelberg (CEO & Founder of Nextech3D.ai
Link to Join: https: //www.youtube.com/watch?v=Xm7SExgFgos
NEXTECH3D.AI INVESTOR LIVESTREAM
You're Invited!
Don't miss this event...be sure to join LIVE this Thursday April 4 at 11 am PT / 2 pm ET.
Nextech3D.ai CEO and Founder Evan Gappelberg will provide an AI tech update and demo!
The Company invites individual and institutional investors, as well as advisors and analysts to attend the live, interactive online event. Guests are encouraged to join live and ask questions.
NEXTECH3D.AI RECEIVES NOTICE FROM USPTO TO BE GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM 2D IMAGES
TORONTO, O.N, Canada – March 26, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is excited to announce that U.S. Patent and Trademark Office (USPTO) has informed of their decision to issue a patent for its technology to generate three-dimensional (3D) models from two-dimensional (2D) images. This is another patent which the Company believes is pivotal to Nextech3D.ai’s artificial intelligence technology as it builds a moat around its 3D model making for ecommerce business with industry expertise and intellectual property; which includes its GPT AI powered 3D model generation. This patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue.
USPTO has sent a letter to the Company stating that the patent will be issued on April 2, 2024. Web reference for the patent: THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Nextech3D.ai continues to expand its market share of the swiftly growing 3D model creation market. Across diverse industries, but especially within ecommerce there's a mounting need for 3D product models. As every user transitions from 2D interfaces on phones and computers to increasingly immersive 3D experiences, the demand for superior user engagement escalates. Nextech3D.ai’s technology enables effortless transformation of 2D images or content into 3D using user-friendly software tools. With the surging integration of AR and VR technologies in various sectors, the Company sees demand for 3D content and materials continuing to rise for the foreseeable future.
Previously, generating a 3D model entailed laborious processes and human involvement. Yet, with Nextech3D.ai's patented technology, users can swiftly convert a 2D image or CAD model into a fully textured 3D representation within minutes. This streamlined workflow not only enhances productivity but also slashes costs, granting Nextech3D.ai a distinct competitive edge in a large market.
Head of Product Operations at Nextech3D.ai, Hareesh Achi commented, ”I am thrilled to safeguard our intellectual property with these patents. It's a testament to our team of exceptionally talented AI engineers and 3D designers who continuously contribute to the development of our groundbreaking products. We are strategically positioned to capitalize on the ongoing evolution of 3D technology in the years ahead.
Nextech3D.ai innovations are streamlining all aspects of 3D for both businesses and customers. Our GPT tools empower users to enhance productivity and swiftly create 3D content.”
Previous Patents
In December 2023, Nextech3D.ai announced the grant of a patent by USPTO for 3D model generation from Computer Aided Design (CAD) data.
Link to the patent online at USPTO site: patent # 11823328
This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business.
NexTech3D AI Corp's history on video. Very interesting.
https: //www.youtube.com/watch?v=9dLhHvo61RA
Nextech3D.ai secures key patent for generating 3D Models from 2D
images
Earlier today, the Company announced that U.S. Patent and Trademark Office
(USPTO) has informed of their decision to issue a patent for its technology to
generate three-dimensional (3D) models from two-dimensional (2D) images.
This is another patent which the Company believes is pivotal to Nextech3D.ai’s
artificial intelligence technology as it builds a moat around its 3D model making
for ecommerce business with industry expertise and intellectual property; which
includes its GPT AI powered 3D model generation.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=miHBTnswMSE
Fellow NEXCF investors, has anyone heard when NexTech3D ai will file their 10-K? I know U.S. companies are supposed to file them 90 days after year end, but I don't know the requirements for Canadian companies. TIA
ARway.ai Launches SaaS Student Subscription Plan for Augmented Reality Projects
A very interesting new video out by ARway.ai about their new student subscription plan. You can watch it here, if you eliminated the space after the https:
https: //www.youtube.com/watch?v=y_7pn6pGfpE
THE NexTechAI / 3D MODELING UPDATE - VOLUME 2
Dear Valued Investor,
Following our previous email highlighting the transformative era ushered in by AI and 3D modeling in e-commerce, we delve deeper into Nextech3D.ai’s cutting-edge technology and why it represents a strategic investment opportunity, particularly at this juncture.
Revolutionizing E-commerce with Advanced AI
At Nextech3D.ai, we harness the latest in AI technology to generate ultra-realistic, 4K resolution 3D models that redefine online shopping. Our proprietary platform leverages machine learning algorithms to streamline the creation process, significantly reducing the time and cost associated with traditional 3D modeling. This efficiency enables us to swiftly scale and meet the increasing demand from e-commerce giants including Amazon, P&G, Kohls, Miele and others, ensuring we remain at the vanguard of this industry shift.
A Proven Track Record of Success
Our technology is not only revolutionary but proven. We have successfully integrated our models with major e-commerce platforms, delivering a seamless and enhanced customer experience. The results speak for themselves: clients using our 3D models have reported up to a 40% increase in conversion rates and a significant reduction in product returns. This directly translates to higher profits and customer satisfaction, reinforcing the value and impact of our technology.
Why Now is the Opportune Time to Invest
The surge in online shopping, accelerated by recent global events, has prompted a seismic shift in consumer expectations. Interactive and immersive experiences are no longer a luxury but a necessity. Nextech3D.ai is perfectly poised to meet this demand, offering an innovative solution that sets our partners apart from the competition.
Furthermore, the recent performance of our stock underscores a renewed market recognition of our potential reflecting investor confidence in our technology and its market applicability, our strategic positioning and long-term growth trajectory.
Nextech3D.ai also has a significant stake in the future potential of its 2 spin-out companies, ARway.ai and Toggle3D.ai.
Nextech3D.ai 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.ai, (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) as a standalone public company on October 26, 2022 at .25/share. The Company retains a 49% stake with 13 million shares in ARway.ai. ARway is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. Currently trading at .55/share +120%
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains 13 million shares in Toggle3D.ai Corp. Toggle3D.ai is a groundbreaking platform that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. Also, currently trading at .34/share.
A Timely Investment
By choosing to invest in Nextech3D.ai, you are not just investing in a company; you are investing in the future of e-commerce. Our technology is not only leading the current shift towards more immersive online experiences but also setting the stage for the next wave of digital innovation.
We invite you to be part of this exciting journey. As we continue to pioneer advancements and capture new market opportunities, your investment will not only fuel our continued growth but also position you at the forefront of a lucrative, evolving industry.
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| nextech3D.ai is the engine accelerating the growth of the Metaverse. Using breakthrough AI, nextech3D.ai is able to quickly, easily, and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse. Our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, nextech3D.ai is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. | |||
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