ignatiusrielly35, IMHO, I was very pleased to see that NexTech3D AI's gross margin increased to 70% of revenue compared to 30% for 2023. With NexTech becoming a certified 3D Model Content Provider (ECP) for Amazon, the revenue should start increasing each quarter as NexTech reaches additional Amazon sellers. It is just a matter of time and I'm willing to wait. Good luck to us all.
20% revenue growth in one quarter ...sucks? How many businesses have you been involved with or owned? Now add to that a 40% increase in profitability on those sales. I'll take it coming and going.
So next quarter another 20% rev increase (may well be more per the Amazon Certification) and then the projected 80% profit margin or 14.28 increase over Q2.
Beauty is written all over this. Of course it will take some a lot longer to catch on to what is happening. I expect after the election a lot of companies will either fold or take off big time. In our case, it will be bustin out at the seams should whatever candidate wins is recognized by the market as good for economic growth. Even the second choice candidate not so good for the economy will find NexTech growing, not busting growth but growing...which is where the huge profit margins come into real significance.
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