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Week in Review: Key Updates from Nextech3D.ai
Dear Investors,
We're pleased to share this week's compilation of press releases and interviews that highlight our recent activities at Nextech3D.ai. These updates provide a snapshot of our ongoing projects and initiatives as we continue to advance our technology and expand our market presence. Below, you will find the links to each piece, giving you direct access to the details of our latest achievements.
WEEKLY NEXTECH3D.AI PRESS RELEASES
• Press Release: Nextech3D.ai's AI Search Engine Powered by Nvidia GPUs Accelerating It's Production of 3D Models
• Press Release: Nextech3D.ai Receives Large 3D AI Purchase Order From Blue Chip Enterprise Customer
• Press Release: Nextech3D.ai Achieves Milestone with 3D AI Modeling Profit Margins Hitting 80% in Q2 2024 Up From 30% in 2023
WEEKLY NEXTECH3D.AI INTERVIEWS
• Interview: Nextech3D.ai Secures Major Contract for Over 5,000 3D AI Models and Digital Photos
• Interview: Nextech3D.ai Unveils Success of AI-Powered 3D Model Search Engine, Accelerating Production by 40%
• Interview: Nextech3D.ai Achieves 80% Gross Profit Milestone, Propelled by AI and Strategic Shift to Hyderabad
Don’t Miss the Nextech3D.ai CEO Interview!
NEXTECH3D.AI'S AI SEARCH ENGINE POWERED BY NVIDIA GPUS ACCELERATING IT'S PRODUCTION OF 3D MODELS
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to reveal the triumph of their proprietary AI-Powered 3D model search engine launched in Q1, 2024. This cutting-edge AI technology, powered by Nvidia's GPUs, revolutionizes the 3D modeling process by significantly enhancing speed and scalability. Using images as input, the AI search engine swiftly sifts through Nextech's extensive library of 3D models and meshes, recommending the closest match to the provided image.
May 9, 2024: Gappelberg joined Steve Darling from Proactive to reveal the triumph of their proprietary AI-Powered 3D model search engine launched in Q1, 2024.
Watch the interview: https: //www.youtube.com/watch?v=Ws_jormcpnw
According to Gappelberg, the implementation of this AI search engine has led to a remarkable 40% increase in production, enabling the company to boost its output of 3D models significantly. Nextech3D.ai remains committed to advancing its proprietary technology and has plans to patent its breakthrough AI innovations tailored for the mass scale of 3D models, identifying this market segment as a key growth opportunity in 2024. Developed in-house by the company's team of AI engineers and scientists, the AI-powered search engine effortlessly scours Nextech's vast repository of over 200,000 3D models, matching colors, textures, and shapes to deliver precise results. This achievement underscores Nextech3D.ai's technical prowess and expertise in harnessing AI to drive innovation in the 3D modeling industry.
NEXTECH3D.AI'S AI SEARCH ENGINE POWERED BY NVIDIA GPUS ACCELERATING IT'S PRODUCTION OF 3D MODELS
New AI Increasing 3D Model Production up to 40%
The search engine has over 200,000 3D models with unlimited color and texture variations
TORONTO, O.N, Canada – May 9, 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, and other major e-commerce retailers is pleased to announce the success of its proprietary AI-Powered 3D model search engine launched in Q1, 2024. This innovative AI 3D model search engine uses AI powered by Nvidia's GPUs to speed up and scale-up operations for the 3D modeling process. The AI search engine uses images to search Nextech's internal library of 3D models and meshes and then recommends a close match to the given image. The Company is pleased to report that as a direct result of this AI search engine, it is achieving as high as 40% increase in production thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
As a leading 3D model supplier for e-commerce and AR, Nextech3D.ai recognizes the challenges faced by 3D artists and the time required to build intricate designs from scratch. To address these challenges the Company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech's vast 3D model library of 2000,000+ 3D models with similar colors, textures, and shapes. This AI 3D model search engine was created in-house by the Company's team of AI engineers and scientists, showcasing the Company's technical strength and expertise.
Watch a demo of the AI-powered 3D model search engine tool:
https: //www.youtube.com/watch?v=Cd9mYGTn180
This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process.
CEO of Nextech3D.ai Evan Gappelberg commented, "We are investing in our AI capabilities to stay competitive in the 3D model market and we see our AI search engine as just one of our investments that are paying off. Our AI-powered Search engine enabling our production to increase by as much as 40% represents a giant step forward in our Company's ability to scale the production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new AI capabilities, we're enabling our production capabilities to rapidly scale up and move ahead in 2024. Our patented and patent-pending AI along with new Nvidia GPU tech is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom-line profitability of our 3D business in 2024."
Some other notable investments in AI that are in the news:
• Meta has purchased 500,000 more AI GPUs for a total of 1 million AI GPUs, which is valued at $30 billion
• OpenAI CEO Sam Altman plans to spend $50 billion a year on AGI development (artificial general intelligence) by using 720,000 NVIDIA H100 AI GPUs that cost a hefty $21.6 billion.
• Microsoft is aiming for 1.8 million AI GPUs by the end of 2024, while OpenAI wants to have 10 million AI GPUs before the end of the year.
• Read more: https://www.tweaktown.com/news/98089/meta-ai-boss-confirms-the-company-has-purchased-around-30-billion-worth-of-nvidia-gpus/index.html
• Read more: https://www.tweaktown.com/news/98089/meta-ai-boss-confirms-the-company-has-purchased-around-30-billion-worth-of-nvidia-gpus/index.html
Key features of the Mesh Search Tool include:
• Advanced AI Algorithms: Nextech3D.ai integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3D artists can find the matches they need in seconds.
• Intuitive User Interface: The user-friendly interface offers a seamless experience built directly into the Company's platform, allowing 3D artists to search the vast 3D model library quickly and effortlessly.
• Comprehensive Mesh Database: An extensive and continuously expanding database of hundreds of thousands of 3D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.
• This new tool leverages artificial intelligence algorithms to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
ARitize3D is your one-stop-shop AR solution with automated 3D model creation at an unbeatable price. Our Artificial Intelligence (AI) will turn your existing 2D product images or CAD files into 4K 3D AI and Augmented Reality experiences. It's fast, it's easy and it will transform your e-commerce website.
ARitize3D is the One-Stop-Shop 3D + AR solution for e-commerce that is:
• Affordable - lowest cost provider
• Scalable - fastest, seamless, high quality
• Frictionless - requires low implementation effort
• AI & ML powered - automated 3D model creation
• End to End - from model creation to CMS & AR visualization
Brands are invited to Contact Us to let our team help you start selling using 3D models for your online store today.
Don’t Miss the Nextech3D.ai CEO Interview!
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce a substantial new order that the company has secured. In May, Nextech3D.ai received an order for over 1,000 3D AI models and more than 4,000 3D AI digital photos, with deliveries scheduled to start in June. The order, valued in the mid-six figures, underscores the company's role as a pioneer in AI technologies and its capability in creating high-resolution 3D models and renderings for e-commerce enterprises globally.
WATCH INTERVIEW @ https ://www.youtube.com/watch?v=lHnPXB7rDpM (Please remove the space after https)
Gappelberg highlighted that this large enterprise customer has seen significant return on investment from the use of 3D models in e-commerce and is rapidly increasing its orders. Nextech3D.ai is currently engaged in direct collaborations with Amazon and other major e-commerce retailers, such as Kohl’s. The company has also introduced "one-click integration" with major e-commerce platforms like Shopify, BigCommerce, and WooCommerce, which have incorporated 3D/AR features and are setting new standards for Web 3.0 in e-commerce.
Looking forward, Nextech3D.ai is optimistic about its profitability prospects for 2024, anticipating scaling revenue with an 80% profit margin as operating expenses decrease, thanks to its investment in patented AI technologies. The company's strategic move to Hyderabad, India, is also seen as a key step in aligning with its commitment to delivering cutting-edge 3D modeling and augmented reality solutions.
NEXTECH3D.AI RECEIVES LARGE 3D AI PURCHASE ORDER FROM BLUE CHIP ENTERPRISE CUSTOMER
Nextech3D.ai Continues to Sign New & Renewal 3D Modeling Deals plus AR Visualization For Enterprise E-commerce
The Company Has Expanded into AI CAD-3D Rendering to Capture a Larger Market Share
TORONTO, O.N, Canada – May 8, 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, and other major e-commerce retailers is pleased to announce that the Company has received an order for 1,000+ 3D AI models and over 4,000+ 3D AI digital photos in May with delivery set to begin in June with a contract value in the mid-six figures. This large enterprise order is a testament to the company's pioneering AI technologies and expertise in creating 3D models and now renderings of 3D models in 2K, 4K, and 8K for e-commerce enterprise customers across the globe.
Nextech3D.ai CEO Evan Gappelberg commented, "This enterprise customer has recognized the significant ROI of 3D models in e-commerce and is now accelerating its purchasing of 3D models. Shopify has reported up to a 93% increase in CTR, a 250% increase in conversions, and a 40% reduction in returns by implementing 3D/AR models on their eCommerce websites. Nextech3D.ai is currently working directly with Amazon, the largest e-commerce marketplace, and some of the world's largest e-commerce retailers including Kohl's. We also offer "one-click integration'' with the largest eCommerce platforms including Shopify, BigCommerce, and WooCommerce, which have rolled out 3D/AR and set the standard for Web 3.0 in eCommerce.
He continues, "Today we are seeing more companies both big and small interested not just in 3D AI models but also in 3D AI digital renders which we now are selling alongside our 3D AI models, creating additional value out of the 3D model itself. 3D AI & AR produces immersive shopping experiences that customers now expect in e-commerce. With our end-to-end integrated solutions, white-glove service, ability to scale production, and large enterprise customers, Nextech3D.ai is emerging as a 3D AI e-commerce leader. These large contracts are critical revenue and cash flow drivers for the company."
Nextech3D.ai Continues to Sign New and Renewal 3D Modeling Deals
The company believes that it can become profitable in 2024 by scaling revenue with 80% profit margins while operating expenses are going down due to its investment in its patented AI. The strategic shift to Hyderabad India aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.
Why AI and 3D Modeling, and Why Now?
The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. This is where AI and 3D modeling technology come into play, offering a dynamic, immersive, and personalized shopping journey. The shift from 2D to 3D modeling for e-commerce is a major multi-decade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3D models and AR shopping, including:
Amazon, Walmart, CB2, IKEA, Sephora, Target, and more.
Amazon (AMZN - Worth $2 Trillion) Amazon is leading this shift, transitioning from traditional 2D images to 3D models for all their products, setting a new standard in online retail. Nextech3D.ai is proud to be a 3D model supplier for Amazon, already creating tens of thousands of 3D models per month.
According to Amazon Prep: Amazon Has Measured the Following 3D/AR Model Benefits:
• an 8X increase in customers who viewed a product in AR at Amazon, from 2018
• 2X improvement in purchase conversion observed on average in 2022 when AR Virtual Try-On (shoes and eyewear) or View in 3D is enabled on an Amazon Product Listing
• 94% of customers surveyed by Amazon said they would use Virtual Try-On again (2022 survey of over 2,000 Amazon customers)
• 9% improvement in sales observed on average when View in Your Room is enabled on an Amazon product listing
Other Benefits of 3D:
• 3D content that is created can be used beyond the detail page.
• Save money on product photography by using 3D assets to render detailed page images
• Lifestyle images or other brand marketing content can be quickly created without the need for a studio setup
• Many 3D content creators can use 3D assets to create animations, videos, and interactive or animated infographics. Clients should talk to their content creators to learn more about capabilities
The Power of 3D Models in E-Commerce
3D models in e-commerce enable customers to visualize products in high detail from every angle, significantly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Moreover, 3D visualization reduces returns, as buyers have a clearer expectation of what they are purchasing, thus saving costs and improving customer satisfaction. Additionally, interactive 3D models increase customer engagement, keeping them on your site longer, which directly correlates with increased sales.
Timely
As online shopping continues to grow, the demand for more immersive and interactive experiences is growing. Businesses adopting 3D models are setting new benchmarks for customer engagement and satisfaction.
Nextech3D.ai believes it stands at the forefront of this mega-trend, leading the shift from static 2D images to immersive 3D experiences. Its patented AI-powered 3D modeling technology creates photo-realistic 4K 3D models that cater to major e-commerce platforms like Amazon. With years of expertise and a portfolio of high-profile clients including Amazon, P&G, Kohls, Miele, and others - Nextech3D.ai is transforming online shopping into an interactive adventure.
ARitize3D is your one-stop-shop AR solution with automated 3D model creation at an unbeatable price. Our Artificial Intelligence (AI) will turn your existing 2D product images or CAD files into 4K 3D AI and Augmented Reality experiences. It's fast, it's easy and it will transform your e-commerce website.
ARitize3D is the One-Stop-Shop 3D + AR solution for e-commerce that is:
• Affordable - lowest cost provider
• Scalable - fastest, seamless, high quality
• Frictionless - requires low implementation effort
• AI & ML powered - automated 3D model creation
• End to End - from model creation to CMS & AR visualization
Brands are invited to Contact Us to let our team help you start selling using 3D models for your online store today.
NEXTECH3D.AI ACHIEVES MILESTONE WITH 3D AI MODELING PROFIT MARGINS HITTING 80% IN Q2 2024 UP FROM 30% IN 2023
TORONTO, O.N, Canada – May 2, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" (Australia's largest listed company) and other major e-commerce retailers are excited to announce a major milestone in its 3D modeling business for eCommerce by hitting 80% gross profit in Q2, 2024 which is up 166% from 30% in 2023. This milestone achievement is only possible through the company's investment in AI and its pivot to Hyderabad India in Q3 of 2023.
The company believes that it can become profitable in 2024 by scaling revenue with 80% profit margins while operating expenses are going down due to its investment in its patented AI. The strategic shift to Hyderabad India aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.
Why AI and 3D Modeling, and Why Now?
The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. This is where AI and 3D modeling technology come into play, offering a dynamic, immersive, and personalized shopping journey. The shift from 2D to 3D modeling for e-commerce is a major multi-decade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora, Target, and more.
Amazon (AMZN - Worth $2 Trillion) Amazon is leading this shift, transitioning from traditional 2D images to 3D models for all their products, setting a new standard in online retail. Nextech3D.ai is proud to be a 3D model supplier for Amazon, already creating tens of thousands of 3D models per month.
The Power of 3D Models in E-Commerce
3D models in e-commerce enable customers to visualize products in high detail from every angle, significantly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Moreover, 3D visualization reduces returns, as buyers have a clearer expectation of what they are purchasing, thus saving costs and improving customer satisfaction. Additionally, interactive 3D models increase customer engagement, keeping them on your site longer, which directly correlates with increased sales.
Timely
As online shopping continues to grow, the demand for more immersive and interactive experiences is growing. Businesses adopting 3D models are setting new benchmarks for customer engagement and satisfaction.
Nextech3D.ai believes it stands at the forefront of this mega-trend, leading the shift from static 2D images to immersive 3D experiences. Its patented AI-powered 3D modeling technology creates photo-realistic 4K 3D models that cater to major e-commerce platforms like Amazon. With years of expertise and a portfolio of high-profile clients including Amazon, P&G, Kohls, Miele, and others - Nextech3D.ai is transforming online shopping into an interactive adventure.
Management Changes:
Anum Waqas, CPA, CGA, previously the Director of Finance for Nextech3D.ai has been appointed interim Chief Financial Officer. Anum brings over a decade of experience from multinational companies and government sectors, with a strong background in financial reporting under IFRS. She succeeds Andrew Chan, who is taking a new job in different industries. The Board expresses appreciation for his contributions and wishes him success.
H.C. WAINWRIGHT / NEXCF: BUY, $0.50 PT -
Nextech3D.AI Corporation
NEXCF: Price: $0.09; Market Cap (M): $12 - Rating: Buy; Price Target: $0.50 -
Scott Buck
Modeling Demand Remains Robust, Licensing Opportunity and Gross Margin Guide Potential Catalysts; Reit. Buy, $0.50 PT.
Results largely as expected, gross margin the story in 2024. After the market close on April 29, 2024 NexTech3D.ai reported year-end 2023 operating results, which were largely consistent with the company’s preliminary results, released in February 2024. The company reported 2023 revenue of C$5.0M, which compared to our C$5.3M estimate but reflects more than 56.0% growth from 2022 levels. Revenue growth continues to be driven by increasing demand for 3D models across multiple industry verticals. Importantly, the company provided gross margin guidance which included an 80.0% margin by 2Q24, up from almost 30.0% in 2023, as the company benefits from moving its 3D modeling operations to India in 2023. The company continues to see elevated levels of demand for its 3D models, including a C$1.8M agreement signed in February 2024 for delivery later this year. This followed additional new contract and contract renewal announcements announced earlier this year. In addition to new contracts, the company provided favorable commentary surrounding potential licensing agreements, including advanced discussions with one manufacturing partner, could add more than C$1.0M to revenue as early as 2024. Scaling revenue at new 80.0% gross margin levels, with operating expenses mostly flat, investors should begin to see significant operating leverage in the business and a clearer path to profitability. The company believes this inflection point could occur as early as this year. As the company delivers against these margin expectations, we believe new investors should gravitate towards NEXCF shares. We remain Buy rated with a $0.50 price target on NEXCF shares.
Operating results. The company reported 2023 revenue of C$5.0M, just below our C$5.3M estimate, but consistent with preliminary revenue results issued in February. Gross margin was 28.7% in 2023, down from 50.6% in 2022 as the company had increased costs associated with the move in production, including new training costs. However, moving forward we believe the offshoring of 3D modeling production to India and assistance of AI in the 3D modeling process, should drive gross margin meaningfully higher. The company has suggested gross margin in 2Q24 should reach 80.0% levels. Cash operating expenses totaled just C$17.2M in 2023, down from C$22.3M in 2022. We attribute the decline to ongoing cost discipline. OpEx should remain largely flat moving forward. The company ended the year with approximately C$0.9M of available cash.
Adjusting estimates, price target unchanged. We are reducing our revenue forecast for 2024 reflecting updated management commentary and 4Q23 operating results. We are now modeling 2024 revenue of C$9.0M, a down from C$12.0M previously. Partially offsetting lower revenue is the expectation for higher gross margin. The company has guided 1Q24 gross margin of between 50.0% and 55.0%, increasing to 80.0% in 2Q24. We believe the company is positioned to grow revenue without a meaningful increase in operating expenses, highlighting the operating leverage in the business. We are not introducing 2025 estimates currently, as revenue visibility remains somewhat challenging. Revenue visibility should improve meaningfully as the business progresses through 2024. Our $0.50 price target on NEXCF shares remains unchanged.
Valuation still attractive given meaningful revenue growth opportunity and improving path to profitability. We are valuing NEXCF shares at $0.50, reflecting approximately 8.0x EV/revenue multiple on our current 2024 revenue estimate of $9.0M. Our $0.50 price target represents approximately 450.0% upside from recent trading levels. A targeted 8.0x EV/revenue multiple represents a premium to other small capitalization technology peers operating within the augmented reality, virtual reality, and metaverse space. We view this as warranted in the near term as the business should begin to ramp quickly given recent new contract announcements and anticipated revenue generation. As the company begins to demonstrate its ability to drive meaningful revenue growth, improve gross margin expansion, and achieve consistent profitability we believe new investors should be attracted to NEXCF shares. In addition, we suspect positive news flow, including new contract and partnership announcements, to serve as a near-term catalyst, ahead of the 2024 acceleration in higher margin technology revenue.
Risks. (1) Dilution risk should the company raise additional capital given current cash burn; (2) high levels of industry competition; (3) technology risk; (4) M&A and integration risk; (5) partnership risk given partnership agreements; (6) foreign operation risk as the company operates in several jurisdictions with different levels of regulatory oversight; and (7) liquidity risk.
H.C. WAINWRIGHT / NEXCF: BUY, $0.50 PT -
Nextech3D.AI Corporation
NEXCF: Price: $0.09; Market Cap (M): $12 - Rating: Buy; Price Target: $0.50 -
Scott Buck
Modeling Demand Remains Robust, Licensing Opportunity and Gross Margin Guide Potential Catalysts; Reit. Buy, $0.50 PT.
Results largely as expected, gross margin the story in 2024. After the market close on April 29, 2024 NexTech3D.ai reported year-end 2023 operating results, which were largely consistent with the company’s preliminary results, released in February 2024. The company reported 2023 revenue of C$5.0M, which compared to our C$5.3M estimate but reflects more than 56.0% growth from 2022 levels. Revenue growth continues to be driven by increasing demand for 3D models across multiple industry verticals. Importantly, the company provided gross margin guidance which included an 80.0% margin by 2Q24, up from almost 30.0% in 2023, as the company benefits from moving its 3D modeling operations to India in 2023. The company continues to see elevated levels of demand for its 3D models, including a C$1.8M agreement signed in February 2024 for delivery later this year. This followed additional new contract and contract renewal announcements announced earlier this year. In addition to new contracts, the company provided favorable commentary surrounding potential licensing agreements, including advanced discussions with one manufacturing partner, could add more than C$1.0M to revenue as early as 2024. Scaling revenue at new 80.0% gross margin levels, with operating expenses mostly flat, investors should begin to see significant operating leverage in the business and a clearer path to profitability. The company believes this inflection point could occur as early as this year. As the company delivers against these margin expectations, we believe new investors should gravitate towards NEXCF shares. We remain Buy rated with a $0.50 price target on NEXCF shares.
Operating results. The company reported 2023 revenue of C$5.0M, just below our C$5.3M estimate, but consistent with preliminary revenue results issued in February. Gross margin was 28.7% in 2023, down from 50.6% in 2022 as the company had increased costs associated with the move in production, including new training costs. However, moving forward we believe the offshoring of 3D modeling production to India and assistance of AI in the 3D modeling process, should drive gross margin meaningfully higher. The company has suggested gross margin in 2Q24 should reach 80.0% levels. Cash operating expenses totaled just C$17.2M in 2023, down from C$22.3M in 2022. We attribute the decline to ongoing cost discipline. OpEx should remain largely flat moving forward. The company ended the year with approximately C$0.9M of available cash.
Adjusting estimates, price target unchanged. We are reducing our revenue forecast for 2024 reflecting updated management commentary and 4Q23 operating results. We are now modeling 2024 revenue of C$9.0M, a down from C$12.0M previously. Partially offsetting lower revenue is the expectation for higher gross margin. The company has guided 1Q24 gross margin of between 50.0% and 55.0%, increasing to 80.0% in 2Q24. We believe the company is positioned to grow revenue without a meaningful increase in operating expenses, highlighting the operating leverage in the business. We are not introducing 2025 estimates currently, as revenue visibility remains somewhat challenging. Revenue visibility should improve meaningfully as the business progresses through 2024. Our $0.50 price target on NEXCF shares remains unchanged.
Valuation still attractive given meaningful revenue growth opportunity and improving path to profitability. We are valuing NEXCF shares at $0.50, reflecting approximately 8.0x EV/revenue multiple on our current 2024 revenue estimate of $9.0M. Our $0.50 price target represents approximately 450.0% upside from recent trading levels. A targeted 8.0x EV/revenue multiple represents a premium to other small capitalization technology peers operating within the augmented reality, virtual reality, and metaverse space. We view this as warranted in the near term as the business should begin to ramp quickly given recent new contract announcements and anticipated revenue generation. As the company begins to demonstrate its ability to drive meaningful revenue growth, improve gross margin expansion, and achieve consistent profitability we believe new investors should be attracted to NEXCF shares. In addition, we suspect positive news flow, including new contract and partnership announcements, to serve as a near-term catalyst, ahead of the 2024 acceleration in higher margin technology revenue.
Risks. (1) Dilution risk should the company raise additional capital given current cash burn; (2) high levels of industry competition; (3) technology risk; (4) M&A and integration risk; (5) partnership risk given partnership agreements; (6) foreign operation risk as the company operates in several jurisdictions with different levels of regulatory oversight; and (7) liquidity risk.
Expected to be cash flow positive when? What a useless prediction.
NEXTECH3D.AI REPORTS FISCAL YEAR 2023 AND FOURTH QUARTER 2023 AUDITED FINANCIAL RESULTS
2023 Annual Revenue Growth of + 56%
2023 Annual Revenue of $5 million
TORONTO, O.N, Canada – April 29, 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" and other major e-commerce retailers reports its Fiscal Year 2023 and Fourth Quarter 2023 Financial Results the year ended December 31, 2023.
After markets close on Monday, April 29, 2024, the company will release its audited full-year and fourth quarter 2023 financial results.
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 to date
2024 Outlook:
• New demand for 3D models expected to gain momentum throughout the year driven by large enterprise customers
• 2023-Cost cutting measures and pivot to India to reduce the company's burn in 2024 by as much as 75%
• Q1 2024 Gross Profit margins estimated to be 50-55%
• Q2 2024 Gross margin estimated to be 80%
• Q2 Improved margins puts India 3D modeling business as a stand alone business unit projected to go cash flow positive
• New 3D photography and AI driven product launches expected to drive additional revenue and growth in 2024
• Multiple patents already issued in 2024 with additional patent issuances expected
• Company is Launching Several Enhanced AI 3D Productivity Tools in Q2, Q3 2024
NEXTECH3D.AI IS PARTICIPATING IN THE SUPPLIER NETWORK OF GLASSDOLLAR, WHICH EXTENDS NEXTECH3D.AI REACH TO LARGE CORPORATIONS, SUCH AS SIEMENS, LG, BSH, INFINEON
TORONTO, ON, Canada – April 29, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading provider of patented 2D-3D Generative AI-powered 3D modeling technologies to major e-commerce brands like Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings", has announced a collaboration with GlassDollar. This collaboration highlights the demand for Nextech3D.ai's innovative solutions from large corporations-including CAD to 3D texturing, 3D photo rendering, data analytics, generative AI, spatial computing, and 3D cloud hosting. Through this collaboration, Nextech3D.ai is participating in the supplier network of GlassDollar, which extends Nextech3D.ai reach to large Corporations, such as Siemens, LG, BSH, Infineon, and more.
Evan Gappelberg, CEO of Nextech3D.ai, stated, "Working with GlassDollar provides a seamless avenue for innovative tech startups like Nextech3D.ai, Toggle3D.ai, and ARway.ai to engage with large enterprises, in a frictionless environment. He continues "GlassDollar's ability to pair our solution directly with large corporations that are looking for the same solution is a breath of fresh air. They have done the hard work of finding a potential customer but they don't stop there…they continue to foster the business relationship by setting up follow-up calls and making further introductions all while being professional, diligent, and proactive through the entire process. We are thrilled about this collaboration and look forward to fostering a long-lasting relationship."
After markets close on Monday, April 29, 2024, the company will release its audited full-year and fourth quarter 2023 financial results.
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.
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.
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.
CEO Evan Gappelberg Talks New 3D Digital Photography
IN CASE YOU MISSED IT: CEO INTERVIEW
CEO Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting new addition to the company's offerings: Digital Photography and dynamic product visuals as part of its 3D model solutions. This enhancement means that every 3D model created by Nextech3D.ai will now be accompanied by stunning 2K, 4K, or even 8K photos, catering to the needs of its ecommerce customers.
https: //www.youtube.com/watch?v=Cn4hIa6cC8Y
Arway.ai's CEO Evan Gappelberg has a new interview out, dated April 16, 2024
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience.
https ://www.youtube.com/watch?v=8Y7SKwp_WuI
(Please remove the space found after "https" to watch the video)
Evan gives a management discussion nearly every week with a podcast. The issue is, are they going to sell enough models before they run out of money.
2022 results is a pretty weak baseline for comparison, so that comparison doesn’t help me much.
It will be interesting to read and compare the 2023 Annual Report to the 2022 Annual Report.
I wish NexTech3D would add a section "Management Discussion and Analysis" to the end of the 2023 Annual Report. I have been told this is the most important section of an annual report.
I would assume (hope) the audited results are the same.
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.
Does anyone on the board know when NexTech3D will be filing its quarterly SEC report? Last year, the Annual Report was filed on May 1, 2023. Do Canadian companies have different filing rules than USA companies?
Arway.ie announces multiple new deals as the company sees 200% developer growth.
New video out today:
https: //www.youtube.com/watch?v=KUbxQ4ZKGTo
up 45% this morning.
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 Releasing New 3D GPT-AI For Toggle3D.ai The “All-IN-ONE 3D Platform”
Launching Several Enhanced AI Productivity Tools
• Content Management of 3D models (3D Cloud)
• New EXPANDED Generative AI texturing library
• AI 3D Mesh Search Engine
• Join the CEO Livestreams TODAY April 4 Showcasing NEW AI Technology
TORONTO, ON, Canada – APRIL 4, 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 is thrilled to integrate various AI capabilities from its technology stack into the Toggle platform boosting 3D modeling productivity. The Company’s distinctive AI mesh search algorithm is now fully installed, enabling 3D modelers to search for quad 3D meshes using just a 2D image. The new and improved Toggle platform allows for the purchase of the 3D mesh a la carte and then the customization of the 3D model's texture. This AI powered streamlined process empowers users to embark on their 3D journey with only a 2D image, leveraging the user-friendly AI tools available in the Toggle platform. Additionally, this new AI mesh search engine with a la carte buying of 3D meshes allows Nextech3D.ai to create an extra revenue stream by monetizing its extensive 3D mesh library.
Furthermore, Nextech3D.ai is expanding its texture library within Toggle3D to offer users an extensive selection of textures for customizing their 3D models. This enhancement positions the Toggle3D platform as a comprehensive ALL-IN-ONE solution for all 3D modeling needs across various applications.
Nextech3D.ai is continuously assessing its users' requirements, integrating additional features into the Toggle3D platform that generate additional revenue streams as well enhance users experience and productivity. Further details on the Company’s AI roadmap will be provided shortly.
NexTech3D AI Corp has a new video explaining the value of the patents NexTech has.
NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MOELS FROM 2D IMAGES
Earlier today, the Company announced that U.S. Patent and Trademark Office (USPTO) has officially issued a patent for the Company’s technology to generate three-dimensional (3D) models from two-dimensional (2D) images: Patent #11,948,248.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=HKF_yAgfpTw
NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MODELS FROM 2D IMAGES
Join the CEO Evan Gappelberg as he Livestreams NEW AI Technology Thurs April 4
TORONTO, O.N, Canada – APRIL 3, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), 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 is proud to announce that U.S. Patent and Trademark Office (USPTO) has officially issued a patent for the Company’s technology to generate three-dimensional (3D) models from two-dimensional (2D) images: Patent #11,948,248.
Nextech3D.ai CEO Evan Gappelberg commented, “We are extremely pleased that we have been awarded this patent by the USTPO, and we believe that it is a pivotal patent for our patent portfolio. We see this patent in the context of AI, and 2D to 3D model generation as the key patent for the 3D modeling industry which adds value to Nextech3D.ai and for our shareholders.” He continued, “ With this patent being recognized by the USPTO, we are now one of the technology leaders in the field of 2D photos to 3D models using AI. We will be promoting this new patent as it really gives us a competitive advantage and separates Nextech3D.ai from other companies that make 3D models. With this second AI patent issuance and seven additional patents filed, we continue to build a moat around our 3D model making for e-commerce business with BOTH industry expertise and intellectual property; which includes GPT AI powered 3D model generation. This second AI 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 web reference for the patent : THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Livestream Details
Nextech3D.ai will host a special livestream event on Proactive Investors with CEO Evan Gappelberg, who will discuss new AI tech updates.
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
ARway.ai partners with Albanian retailer Megatek for augmented reality navigation pilot
New video out: (Please take out the space after https:)
https: //www.youtube.com/watch?v=xy97UwBPPtA
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
Max 2121, Excellent announcement. Evan is moving NexTech3D AI Corp ahead and keeps NEXCF's shareholders in his thoughts as he keeps building AI solutions. I like Evan's final thoughts:
NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT
——-
NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT
TORONTO, ON, Canada – March 12, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces the launch of its new AI Incubator and AI Development Division, signaling a significant leap forward in its commitment to advancing artificial intelligence technologies. This new venture, set to be spearheaded by a dynamic team of three esteemed AI scientists alongside the visionary leadership of Evan Gappelberg, CEO of Nextech3D.ai, and Hareesh Achi, former Microsoft executive renowned for his pivotal role in digital transformation and technology strategy. This new division marks a major milestone in Nextech3D.ai's growth trajectory and sets the stage for additional potential IPO spin- outs of new AI technology Companies to its shareholders.
The AI Incubator and Development Division is established with the mission to nurture AI solutions that will enhance the human experience across various sectors, including education, healthcare, ecommerce, blockchain, retail, and more. This initiative is a testament to Nextech3D.ai's dedication to pushing the boundaries of what's possible in AI and 3D technology integration for its shareholders.
Evan Gappelberg, celebrated for his foresight and innovation in the tech arena, will provide strategic direction and vision for the division. His leadership has already positioned Nextech3D.ai and its two spin outs Toggle3D.ai and ARway.ai as frontrunners in the 3D technology landscape.
Joining him in steering this ambitious project is Hareesh Achi, an ex-Microsoft and META executive whose expertise in AI, digital advertising, and operational efficiency has earned him acclaim in the technology community. Achi's proven track record of leading high-impact teams and his strategic vision for AI applications make him an invaluable asset to the Nextech3D.ai leadership team.
The division's core team of AI scientists, handpicked for their pioneering work and contributions to the field of artificial intelligence, will focus on developing AI-driven technologies and solutions that are not only innovative but also ethically responsible and sustainable.
Katyani Singh, Computer Vision/Machine Learning Scientist who obtained her Masters in Computing Science at the University of Alberta. Her research interests lie in Computer Vision and Deep Learning. Amir Salimnia, Computer Vision/Machine Learning Scientist, who is an MSc. Computer Engineering graduate from Western University with more than three years of experience developing machine learning.
Omid Alemi, Machine Learning Researcher and Software Engineer, who holds an MSc in Computer Science from the University of Northern British Columbia and a BSc in Software Engineering from the University of Arak and has 3+ years experience working on developing and deploying machine learning solutions for computer vision and 3D asset creation.
This core team of AI scientists will conduct research and development efforts geared towards creating AI tools and applications that empower businesses and consumers alike, fostering a future where technology and humanity intersect seamlessly.
New Path to Innovation and Growth
In a groundbreaking move, Nextech3D.ai has announced that once the AI technologies incubated within the AI Incubator and Development Division reach commercialization, they will be spun out as new public companies as it has done this twice already with Toggle3D.ai and ARway.ai. This strategic approach not only accelerates the path to market for these innovative solutions but also maximizes value for Nextech3D.ai shareholders. Following the successful precedents set by Arway.ai and Toggle3d.ai, shareholders in Nextech3D.ai will receive a stock dividend in these new entities, underscoring Nextech3D.ai's commitment to rewarding its investors and fostering a vibrant ecosystem of technology ventures.
CEO Evan Gappelberg stated, “We are at the cusp of a new era in AI and 3D technology. With the launch of our AI Incubator and Development Division, and our unique approach to commercialization and value creation."
Hareesh Achi added, "It's an honor to join forces with Evan and the incredible team at Nextech3D.ai. Together, we're not just exploring the potential of AI; we're shaping its future, ensuring that the technologies we develop are used to make a meaningful difference in the world. The opportunity to directly reward our shareholders as we grow and spin out these innovations into new public companies is incredibly exciting."
The AI Incubator and Development Division is now actively working on several projects, investing heavily into the future of AI while also looking at possible acquisitions with more innovative solutions and updates expected to be unveiled in the coming months.
LATEST NEXTECH3D.AI NEWS
Nextech3D.ai Establishes New Business Unit Led by Former META Executive, Targeting Jewelry Industry with GPT AI CAD-3D Models, Blockchain Technology, and NFTs
Nextech3D.ai Expands AI Tech Team and Doubles Office Space As Demand Increases For GPT AI Platform and 3D Model Production In Hyderabad, India
Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive
Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company
Nextech3D.ai Reports $5 Million in 2023 Revenue, Growth Up +56% Preliminary Unaudited Results
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Evan Gappelberg’s Nex Tech 3d ai is the next Nvidia!! Go Nasdaq go!!!
Roily23, you asked why I follow/invest in NEXCF?
I’m not a scientific tech, so I don’t know about 2Ds and 3Ds and surely don’t know how AI works. I have watched all of Evan Gappelberg’s current videos, read his latest e-mails, and see that he keeps his investors up to date on what NexTech is doing. I have also read about Evan’s employment history.
I found Evan’s employment history and the companies he worked for very impressive. Evan keeps his investors informed about what NEXCF is doing weekly and allows his investors to share in the company’s gains.
I am an accountant and am waiting to see NexTech’s 2023 audited 10-K. I want to see the revenue increase over 2022 and the margin percentage increase, as you all are. I do use charts to keep track of the companies I follow. Everyone needs to do their own DD.
Does anyone know the timing of NEXCF's next 10-K filing?
Hell yes dude!!!! Looking good!!!
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.
Next leg up confirms NEXCF bullish
The tides must turn green$$$$$$$$$"
Pivotal moment here rockafella, next leg up is bullish confirmation
Evan Gappelberg's new interview regarding the new business unit targeting the Jewelry Industry:
NEXTECH3D.AI ESTABLISHES NEW BUSINESS UNIT LED BY FORMER META EXECUTIVE, TARGETING JEWELRY INDUSTRY WITH
Earlier today, Nextech3D.ai announced that it has established a new business unit to target the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs.
This new business unit will focus on using the GPT AI CAD to 3D texturing platform of its spin-off Company, Toggle3D.ai (OTCQB: TGGLF/ CSE: TGGL). Toggle3D.ai’s technology can convert jewelry CAD files into lightweight, web-friendly 4K 3D quad meshes, then uses AI to texture the jewelry in yellow gold, white gold, or rose gold. After this is complete, the AI photography studio creates stunning lifestyle images before it is published onto the web. Toggle3D.ai intends to license this all-in-one GPT AI platform to global manufacturers, while Nextech3D.ai will be conducting the sales and marketing for this new business unit.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=hCeQqccfxVQ (Please remove the space after "https:}
CEO Evans with shock the AI World dudes!!!
Huge contract coming,,,,, Take out the news Evans You can do it dude!!!
Not happening without a huge reverse split of maybe 1:50. Plus, Evan is not even talking about it. Not to mention that the article about uplisting that someone posted here is fake. Come back to earth and relax. It’s okay, just wait and see if they actually achieve significant revenue. That is the real issue.
It’s already QX dude!! Nasdaq next!!!!
That would be great. Except it’s not possible.
Nice call dude!!! $1 News coming with Nasdaq bomb news!!!
I’m waiting. Let’s see it.
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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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