NEXTECH3D.AI REPORTS 2023 THIRD QUARTER EARNINGS
YTD Revenue up 97% Compared to Same Period Last Year
TORONTO, O.N, Canada – November 29, 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 pleased to report its financial and operating results for its third quarter ended September 30, 2023.
Please join Evan Gappelberg, Chief Executive Officer and Andrew Chan, Chief Financial Officer after the close today November 29, 2023 at 5:00 P.M. ET where Nextech3D.ai will host a conference call to discuss these financial results.
Evan Gappelberg - CEO Commentary
“We continue to build towards our future with solid year over year growth of +97% across our business. While I'm personally disappointed that we didn’t see Amazon open seller central in Q3 and consequently our revenue spike, I’m also confident that it is in motion and likely to happen in Q1, 2024.” He continued, “In the fast-evolving world of technology, adaptability is key to sustained success. Our investment in our AI library of 3D meshes or parts is setting us up for success in 2024. We are on the cusp of a significant breakthrough that promises to have a materially positive impact on our business in 2024 and beyond. As AI and 3D models continue to shape the future for e-commerce, we have positioned ourselves at the forefront of this transformative wave. We are ready to see results and capitalize on our AI capabilities in a pivotal way starting in Q1 2024.”
Highlights - 9 Months Ending Ending September 30, 2023:
• Year to date revenue up 97% compared to same period last year;
• Q3 revenue up 30% compared to same period last year;
• Gross profit year to date up 18% compared to same period last year
• Delivery of 60,000+ 3D models to date
Condensed Consolidated Interim Statements of Financial Position
Condensed Consolidated Interim Statements of Comprehensive Loss
Condensed Consolidated Interim Statements of Cash Flows
Bullish
