NexTech3D AI Corp (NEXCF): Preliminary 2024 Results and 2025 Foreca...

Preliminary 2024 Results and 2025 Forecast

scoobey-do · 2025-02-04T12:48:24.4570000Z

Preliminary 2024 Results and 2025 Forecast TORONTO, ON, Canada – February 3rd, 2025 – Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a trailblazer in augmented reality (AR) and artificial intelligence (AI) technologies since 2018, is pleased to announce its preliminary unaudited results for 2024, showcasing its achievements and a bright future ahead. Solid 2024 Financial Performance Revenue: An $3.1 million. Gross Profit: A remarkable $1.9 million, reflecting a robust 62% margin. This significant leap from a 29% gross profit margin in 2023 to 65% in 2024 underscores the company's strategic advancements in AI integration and the expansion of its 3D operations in India. Additionally, a 35% reduction in operational costs in 2024 has set the stage for even greater efficiency and savings in 2025. CEO's Vision for 2025 Evan Gappelberg, CEO of Nextech3D.AI, expressed his enthusiasm: "We are encouraged with our early success in 2025 and the solid progress we made in 2024. 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 81% gross profit margin and expanding our market share." January 2025 Highlights MapD Platform: Achieved a 15% growth in sales, reflecting its increasing market traction. 3D Model Sales: Experienced a strong 125% revenue increase compared to January 2024, highlighting the escalating demand for Nextech's innovative AI-driven solutions. Optimistic 2025 Outlook Looking ahead, Nextech3D.AI is on track to achieve an impressive 81% gross profit margin by the end of 2025. The company plans to further enhance operational efficiency through AI, cloud optimization, and automation. Strategic initiatives include expanding the sales team with new Business Development Representatives (BDRs) and broadening product offerings, particularly the MapD platform. Leveraging AI tools, the company anticipates reducing overall operational costs by more than 50% in 2025, paving the way for sustained profitability. Nextech3D.AI remains at the forefront of AI-powered 3D solutions, committed to delivering exceptional value to its customers and shareholders through relentless innovation and operational excellence.

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