ADVFN Logo
Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.
Nextech3D ai Corporation (QB)

Nextech3D ai Corporation (QB) (NEXCF)

0.0908
0.00
( 0.00% )
Updated: 13:16:13

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
0.0908
Bid
0.085
Ask
0.0966
Volume
122,200
0.0908 Day's Range 0.104
0.0451 52 Week Range 0.33
Market Cap
Previous Close
0.0908
Open
0.103
Last Trade
1000
@
0.0908
Last Trade Time
13:16:13
Financial Volume
$ 11,900
VWAP
0.097382
Average Volume (3m)
249,852
Shares Outstanding
136,615,344
Dividend Yield
-
PE Ratio
-0.49
Earnings Per Share (EPS)
-0.2
Revenue
5.06M
Net Profit
-27.71M

About Nextech3D ai Corporation (QB)

Sector
Prepackaged Software
Industry
Prepackaged Software
Headquarters
Toronto, Ontario, Can
Founded
1970
Nextech3D ai Corporation (QB) is listed in the Prepackaged Software sector of the OTCMarkets with ticker NEXCF. The last closing price for Nextech3D ai (QB) was $0.09. Over the last year, Nextech3D ai (QB) shares have traded in a share price range of $ 0.0451 to $ 0.33.

Nextech3D ai (QB) currently has 136,615,344 shares outstanding. The market capitalization of Nextech3D ai (QB) is $12.40 million. Nextech3D ai (QB) has a price to earnings ratio (PE ratio) of -0.49.

NEXCF Latest News

Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company

  Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company   TORONTO, ON, Canada -- February 13, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI...

Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results

  Nextech3D.ai Reports $5 Million or +56%Growth  in 2023 Revenue Unaudited Results   TORONTO, ON, Canada -- February 8, 2024 -- InvestorsHub NewsWire...

Nextech3D.ai Signs New 3D Modeling Contract with Enterprise Giant Global Industrial Company

  Nextech3D.ai Signs New 3D Modeling Contract with Enterprise Giant Global Industrial Company   TORONTO, O.N, Canada -- January 30, 2024 -- InvestorsHub NewsWire...

AI-Powered 3D Model Search Engine Delivers a 500% Productivity Increase

This AI-powered 3D search engine combines computer vision and artificial intelligence to enhance and expedite the 3D modeling process. Nextech3D.ai (

Nextech3D.ai's Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity

 Nextech3D.ai’s Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity   TORONTO, ON, Canada -- January 18, 2024 -- InvestorsHub NewsWire...

Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic

TORONTO, ON, Canada -- January 17, 2024 -- InvestorsHub NewsWire -- ARway.ai (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is an AI powered...

Nextech3D.ai's AI Powered Search Engine Reports a Breakthrough 80% Increase In 3D Modeling Productivity

Nextech3D.ai’s AI Powered Search Engine Reports a Breakthrough 80% Increase In 3D Modeling Productivity    AI Search Enabling the Company to Scale Production of 3D...

Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals

TORONTO, O.N, Canada -- January 9, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces...

Nextech3D.ai Builds Breakthrough AI Powered Search Engine To Scale 3D Model Production

  Nextech3D.ai Builds Breakthrough AI Powered Search Engine To Scale 3D Model Production   New AI Tool Leverages Nextech's Extensive 3D Model Library For Faster 3D...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.039878.03921568630.0510.1350.05055762730.10605148CS
40.026541.21306376360.06430.1350.04513207280.07890393CS
12-0.00038-0.4167580609780.091180.1350.04512498520.08667612CS
26-0.06545-41.8880.156250.2280.04512276240.10929031CS
52-0.234-72.04433497540.32480.330.04512288080.13806216CS
156-1.5492-94.46341463411.642.070.04511897420.55977054CS
260-0.3822-80.80338266380.4737.420.04512524202.19682827CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
MIRAMIRA Pharmaceuticals Inc
$ 2.97
(331.18%)
120.89M
CMAXCareMax Inc
$ 5.97
(277.85%)
72.37M
SERVServe Robotics Inc
$ 10.6897
(41.59%)
117.3M
NUKKNukkleus Inc
$ 0.4297
(34.28%)
13.68M
LPSNLivePerson Inc
$ 1.295
(30.81%)
5.59M
LGCBLinkage Global Inc
$ 3.8924
(-25.36%)
139.63k
GSUNGolden Sun Health Technology Group Ltd
$ 5.06
(-24.70%)
136.92k
CGBSCrown LNG Holdings Ltd
$ 1.07
(-24.11%)
2M
PSIGPS International Group Ltd
$ 2.59
(-24.05%)
251.26k
YYAIConnexa Sports Technologies Inc
$ 11.83
(-22.22%)
52.15k
NVDANVIDIA Corporation
$ 122.51
(3.88%)
149.01M
SQQQProShares UltraPro Short QQQ
$ 8.12
(-4.02%)
128.9M
MIRAMIRA Pharmaceuticals Inc
$ 2.97
(331.18%)
120.89M
SERVServe Robotics Inc
$ 10.6897
(41.59%)
117.3M
NCPLNetcapital Inc
$ 0.105104
(1.06%)
114.22M

NEXCF Discussion

View Posts
TommyBoyTrader9460 TommyBoyTrader9460 5 days ago
$NEXCF
$NEXCF Strong move yesterday to test the 200 day MA..looking to see if this can close above it and continue its way North.. pic.twitter.com/2KUB5wXBFT— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) July 17, 2024
👍️ 1
ignatiusrielly35 ignatiusrielly35 6 days ago
The company has been on Amazons website as an authorized provider for months. I’ve seen it.
👍️ 1
scoobey-do scoobey-do 6 days ago
Nextech3D.ai, now certified as Amazon's 3D model external content provider, is poised for significant growth in the 3D modeling market.

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce that the company has achieved certification as a Certified 3D Model External Content Provider for Amazon. This prestigious designation highlights Nextech3D.AI's outstanding technical expertise and leadership in the 3D platforms sector.

Amazon listings featuring 3D models have demonstrated an average twofold improvement in purchase conversions, presenting a high return on investment (ROI) that motivates more sellers to adopt 3D models. As an officially recognized 3D Model External Content Provider for Amazon, Nextech3D.ai is strategically positioned to capitalize on this substantial growth opportunity. Over the past five years, Nextech3D.ai has successfully delivered nearly 100,000 3D models and millions of augmented reality (AR) experiences to hundreds of clients.

Nextech3D.ai's patented technology for generating 3D models from 2D and CAD images enables the company to scale the creation of 3D models efficiently. This capability now allows Amazon sellers to publish their 3D models directly to Amazon's stores through a unified platform and team. As an Amazon 3D Model External Content Provider, Nextech3D.ai is offering its advanced 3D modeling solutions to Amazon's vast marketplace, supporting sellers in enhancing their product listings with immersive 3D models.

With this new certification, Nextech3D.ai is well-positioned to expand its reach and impact in the e-commerce space, offering innovative solutions that enhance the shopping experience for consumers and drive business growth for sellers.

Watch today's video:

https: //www.youtube.com/watch?v=i-TmK037ucA (take out the space after https:)
👍️0
scoobey-do scoobey-do 6 days ago
ignatiusrielly35, are you saying that Nextech3D AI was already certified before this week?

Nice but this is nothing new.

This is from today's announcement:

Nextech3D.AI ... proudly announces its certification as a Certified 3D Model External Content Provider (ECP) for Amazon.
👍️0
ignatiusrielly35 ignatiusrielly35 6 days ago
Nice but this is nothing new.
👍️0
scoobey-do scoobey-do 6 days ago
Nextech3D.ai Selected as Amazon 3D Model External Content Provider (ECP)

Company is Positioned for growth with its Patented High-Margin Generative AI Powered 3D Modeling Technology at scale and AI Photography Studio for ecommerce

TORONTO, ON, Canada – July 16th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D modeling technology company for major e-commerce entities, proudly announces its certification as a Certified 3D Model External Content Provider (ECP) for Amazon. This prestigious designation underscores Nextech3D.AI’s exceptional technical proficiency and leadership in the realm of 3D platforms. Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.

Evan Gappelberg, CEO of Nextech3D.AI, expressed his enthusiasm, stating, "Amazon stands as the cornerstone of e-commerce, and we are deeply honored and proud to serve as an Amazon 3D Model External Content Provider (ECP). By embracing 3D technology, Amazon continues to define the benchmark for the next generation of e-commerce experiences, and we are thrilled to contribute to this evolution."

He added, "Over the past five years, Nextech3D.AI has delivered nearly 100,000 3D models and millions of AR experiences to hundreds of customers. We remain steadfast in our commitment to lead the digital commerce evolution through our advanced 3D and AI modeling technologies."

Nextech’s patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon’s stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon’s expansive marketplace that are currently selling products in Amazon stores.

Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.

Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.


For sales contact: mady.wynsma@nextechar.com

Popular categories for 3D models in Amazon’s stores include: ? Home, ? Garden & Tools ? Home Decor ? Furniture ? Kitchen & Dining ? Bed & Bath, ? Garden & Outdoor ? Home Improvement ? Handbags
👍️0
scoobey-do scoobey-do 7 days ago
Nextech3D.ai Welcomes Mady Wynsma as New Head of Global Sales
Nextech3D.ai is thrilled to announce Mady Wynsma as the new Head of Global Sales, bringing extensive expertise and a strategic vision to drive global sales growth and innovation.

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share the exciting news of hiring Mady Wynsma as the new Head of Sales. Wynsma brings a wealth of experience to her new role, having worked with e-commerce giants like Walmart and Kohls. Gappelberg highlighted Wynsma's deep understanding of e-commerce and her extensive experience in building efficient, scalable, and profitable sales teams. He expressed confidence that her expertise will significantly contribute to Nextech3D.ai's growth during this pivotal time for both the company and the 3D/AI industry.

Wynsma expressed her enthusiasm for joining Nextech3D.ai, emphasizing her excitement about the opportunities ahead in the rapidly evolving 3D/AI sector. She is eager to leverage her skills and experience to drive Nextech3D.ai's growth and success in this dynamic industry.

Nextech3D.ai is looking forward to the innovative strategies and leadership Wynsma will bring to the team, positioning the company for continued advancement and expansion in the 3D and AI markets.

Proactive video:
https://investorshub.advfn.com/secure/post_new.aspx?board_id=36359
👍️0
Monroe1 Monroe1 1 week ago
Check this out. I fully agree. Perhaps on one of the ProActive Video updates the moderator can ask him about the plunging share value that keeps plunging despite all his spin offs and improvements and contracts. Could be we are also on this receiving end:
DALLAS, TX - July 15, 2024 - Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today provided an update on its ongoing initiatives to expose what it believes is potential market manipulation of the Company’s common stock, primarily in the form of naked short selling.

As previously announced, in separate letters dated June 24, 2024, the Company – under the leadership of Erich Spangenberg, a member of the Board of Directors and Spectral AI’s largest shareholder – provided support to Nasdaq and the state securities authorities in Florida, Louisiana and Texas to bring to their attention this potential violation of Nasdaq rules and federal and state law.

In a follow up letter to Nasdaq dated July 15, 2024, Mr. Spangenberg once again calls on authorities to investigate the likely prevalence of naked short selling that is negatively impacting both MDAI shares and many other de-SPAC transaction companies.


Copies of the letters dated June 24, 2024 were filed by the Company via a Form 8-K that is available at www.sec.gov. A copy of the July 15, 2024 letter will be filed by the Company later today via a Form 8-K and will be available at www.sec.gov.
👍️ 1
ignatiusrielly35 ignatiusrielly35 1 week ago
Yeah, not sure what that means but my only point was that Fidelity’s trader (with this micro cap) had to threaten these dirtbags. Shady creeps that are surely naked short out the wazoo. This is a lottery ticket at this point.
👍️0
scoobey-do scoobey-do 1 week ago
I want to see the 80% GM forecast on Revenue, per Evan Gappelberg's news releases. I see a gross profit margin % to revenue of 51.35% for the 3 months ended March 31, 2024, compared to an average % of 41.03% for 2023, which is good.

Evan spun off two profit centers but still has a lot of operating expenses to cover. He needs a higher gross margin on the remaining revenue to make up for the lower revenue left after the two spin-offs and income from the investment in the spin-off investments.

I also see that share-based compensation was $449,409 for the three months that ended March 31, 2024, compared to an average of $443,924 for 2023. The three-month % of revenue for share-based compensation was 43.86% compared to an average of 35.28% for 2023. Maybe an executive or two should have been transferred with the spin-offs? IMO
👍️0
Monroe1 Monroe1 1 week ago
I've called Fidelity around half a dozen times over the years. Only once did they help. I got the run around from them and all kind of BS excuses.
👍️0
ignatiusrielly35 ignatiusrielly35 1 week ago
The gross margin is fine. I want to see SALES.
👍️0
ignatiusrielly35 ignatiusrielly35 1 week ago
The mm is shady. I once had to have Fidelity’s trader call their trader because they weren’t honoring their quotes and wouldn’t sell me shares.
👍️0
Monroe1 Monroe1 1 week ago
Me too. I do expect there will be.
👍️ 1
scoobey-do scoobey-do 1 week ago
I am looking forward to the filling of the second quarter financials. See if there is an improvement in the Gross margin %.
👍️0
Monroe1 Monroe1 1 week ago
Could be GrabNterd et al are diluting like crazy. He does a great job pumping this up. So far he deserves a crossbow shot between the eyes.
I also notice on more than a few occasions that my orders to buy or sell get passed over unfilled. No manipulation? Wow, big time. I like the tech but there is nothing to like about the disdain for shareholders.
👍️0
Monroe1 Monroe1 2 weeks ago
Where is the bottom? A great company run by an almost too savvy CEO. I don't really dislike him for what he is creating. Just that all is not how made to appear. Yes, I do believe in the tech. That seems to have been proven. Here is his game; Spin Outs! How so? In order to raise capital and pad his account as well, just spin off these different applications. This creates demand for the shares and with that volume the dilution/shorting begins again. Now is he doing the shorting. Probably not, but some of the other founders and loan sharks may be doing both...most likely along with their buds who pass it on down the line as far as it can go. Then the trash talk begins along with the pumping. A choir could not sing a better harmony. All in my lowly opinion.
👍️0
ROCKHard ROCKHard 2 weeks ago
Yes I agree. However he takes on hidden risks screwing the wrong person, so aside from the courts he may have more pressing problems than he bargained for.
👍️0
Monroe1 Monroe1 2 weeks ago
Such a successful stock story with unsuccessful shareholders. Has to be a lot of dilution going on along with some short activity.
This is a lesson for all to beware of any CEO who goes into overdrive promoting his company.
👍️0
ignatiusrielly35 ignatiusrielly35 3 weeks ago
The consolation is that it’s so cheap now that it’s worth taking a shot. 10k shares for $500 is a nice lottery ticket.
👍️0
ROCKHard ROCKHard 3 weeks ago
What a disappointment.
Evan can talk but he doesn't walk the walk.
Both Spin-offs were also a bust.
Bottom Line: Evan took shareholders to the Cleaners.
Any way one looks at this Petunia's stock performance it's horrid.
Sure Evan can manipulate the story as he's done for years with his 3D-AI Fantasy Spin but it's clearly a Sour Lemon with a Poisonous Cherry atop..
Best Advice is to.Avoid..
👍️ 1
scoobey-do scoobey-do 3 weeks ago
Nextech3D.AI Expands into Specialty Retail Ecommerce with The Largest Independent Crossbow Dealer in the USA, Wyvern Creations

TORONTO, O.N, Canada –July 2nd, 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 announces the expansion of its 3D business into the specialty retail e-commerce sector with the onboarding of our new customer, Wyvern Creations, in business for 18 years and now the largest independent crossbow dealer in the country intends to convert all its products into 3D models. The Company sees the 3D industry it operates in accelerating. As a pioneer in 3D and Augmented Reality (AR) technologies, the company is at the forefront of transforming the e-commerce landscape. As online shopping continues to evolve, Nextech3D.AI’s AI solutions are transforming how consumers interact with products, helping to drive a new era of immersive and interactive shopping experiences in ecommerce.

David Wilkins, owner of Wyvern Creations, comments “the response from our customers has been overwhelmingly positive towards the 3D AR supplied by Nextech3D.ai. With this 3D AR web-based shopping experience our online customers can view crossbows in their own home before purchasing, offering a significant enhancement over traditional web pages and reducing the need for physical store visits' '.David notes that the archery industry has been slow to adopt online purchasing. However, the integration of Nextech3D.AI’s advanced 3D imaging technology has greatly enhanced the online shopping experience for customers, providing Wyvern Creations with a competitive advantage.

Hareesh Achi Head of 3D Model Production Comments “We are proud to showcase the intricate details of crossbows using our advanced quad mesh technology, enabling Wyvern Creations to engage their customers on their website like never before. One of the key benefits of Nextech3D.AI's 3D modeling solutions is the ease of integration of 3D and AR assets on customer websites. David highlighted the seamless experience of integrating 3D assets on Wyvern's website, which enabled a quick launch of the 3D experience for their customers. Wyvern Creations offers a wide range of crossbows, and the use of 3D imaging allows their customers to visualize and compare products realistically, including innovative applications like a video game tie-in.”

Sample 3D asset integration on Wyvern website:
TenPoint TRX515 Crossbow | Wyvern Creations
TenPoint Siege 425 Crossbow | Wyvern Creations
Ravin R29X Crossbow Package – Wyvern Creations

Listen to some of the feedback on our customer Insights page:
Nextech3D.ai Reviews | Customer Testimonials (nextechar.com)

Nextech3D.AI, is continuously adding new industries and customers to its 3D modeling portfolio, expanding its customer base and pushing the boundaries of what is possible in online retail.

About Wyvern Creations
Wyvern Creations has been in business for 18 years, initially started as a home-based Internet business selling crossbows. Wyvern specializes in selling a variety of crossbows, scopes, arrows and broadheads.

Sign up for Investor News and Info - Click Here

For further information, please contact:
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzQVxRHNfCKmfTpzZlKqbBDVTdWL
👍️0
scoobey-do scoobey-do 1 month ago
Boosting 3D: Amazon Welcomes Nextech3D.ai

https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzQVxHfCbDDqPBlZGPxRFlzczRQX
👍️0
scoobey-do scoobey-do 1 month ago
Nextech3d.ai Sets New Standards with It’s AI-Driven Lifestyle Photography

TORONTO, O.N, Canada –June 6th, 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 has been adding Digital Photography and dynamic product visuals as part of its 3D model offerings. Nextech3D.ai proudly announces a significant advancement in its AI-powered photography technology: the ability to create dynamic lifestyle images from 3D models or CAD files, representing a significant leap from 2D photography to 3D renders and photos. AI is transforming the virtual photography landscape for ecommerce, as the company is producing tens of thousands of 3D models annually it expects to produce hundreds of thousands of 3D model renders to its same customer base and expand with new customers. The company believes that its AI Photography with Advanced Lifestyle Image Creation is a large opportunity for revenue growth.

The company's advanced AI algorithms identify product categories and generate high-quality lifestyle images in just minutes.
Key advantages include:
• High-Quality Photography: No human error. Easily produces images in resolutions of 1K, 2K, 4K, and 8K.
• Faster Turnaround: Instant image generation accelerates project timelines.
• Cost Efficiency: up to 95% savings compared to traditional photoshoot expenses.
The ability to create solid backgrounds, gradient backgrounds, and lifestyle images with just a click streamlines the process of producing engaging, professional visuals. The transition from traditional 2D photography to 3D renders and photos is highly relevant in the e-commerce industry, where detailed and dynamic product images can significantly enhance consumer engagement and drive sales. NextechAR's commitment to innovation and excellence ensures that our customers receive the most advanced and efficient solutions in the industry.
Where AI really does come into its own is its ability to analyze data and automate repetitive tasks. Using NextechAR’s deep learning algorithms, AI’s image processing and recognition tools allow the AI to take better photos and do so instantly and at a cost of 95% less that traditional photography. This is because AI can be used to enhance the quality and accuracy of photographs, improving detail and sharpness, adjusting exposure, contrast and color balance as well as identifying and removing objects if required. Machine learning algorithms further assist by analyzing enormous datasets of images, identifying and differentiating between different objects and subjects. This can be used to create personalized image recognition tools that can help the AI identify certain scenes or objects and insert the 3D object into the scene creating an infinite amount of lifestyle photography and revenue potential.

This AI tool is expected to drive significant revenue for the company as each product listed for sale on an ecommerce platform requires a minimum of six 2D photos for listing, this offering allows the company to capitalize on this demand for 2D high res images while simultaneously increases the value of its 3D modeling business as it represents the all-in-one solutions for ecommerce sellers that sell on Amazon, Shopify and other platforms.

Evan Gappelberg, CEO of Nextech3d.ai, shares, "Having experienced the significant costs and time investments associated with traditional 2D product photography for ecommerce firsthand, I am thrilled to announce our innovative solution. Our new 3D to 2D digital photo studio leverages our proprietary AI algorithms to effortlessly generate high-quality 2K, 4K, and even 8K photos. This innovation isn't limited to ecommerce alone; it caters to industrial designers and anyone utilizing the Toggle platform for their 3D models."

With Nextech3D.ai's generative AI photo rendering users can effortlessly transform 3D models into ecomm-ready 2D images, regardless of their source or texture status. With the ability to generate up to 360 different angles, this technology offers unparalleled versatility. Previously the company was only offering static backgrounds, including white, black, or gradient options, the platform now can produce lifestyle photography. These dynamic 2D images not only enhance e-commerce presentations but also serve as invaluable tools for prototyping and visualizing diverse textures, styles, and materials. This feature holds immense potential for industry designers across manufacturing sectors, empowering them to prototype designs for products spanning furniture, automotive, machinery, and beyond.

The value proposition of using 3D models for ecommerce and ecommerce product photography lies in their ability to enhance the online shopping experience, streamline product visualization, and drive sales. Here are several key aspects of the value proposition:
1. Enhanced Product Visualization: 3D models offer a more immersive and detailed representation of products compared to traditional 2D images. Customers can interact with 3D models by rotating, zooming, and viewing them from different angles, allowing for a more comprehensive understanding of the product's design, features, and functionality.
2. Increased Engagement: Interactive 3D models capture the attention of online shoppers and encourage them to spend more time exploring products. This increased engagement can lead to higher click-through rates, longer session durations, and ultimately, a higher likelihood of conversion.
3. Reduced Return Rates: By providing customers with a more accurate representation of products through 3D models, ecommerce businesses can reduce the likelihood of returns due to mismatched expectations. Customers can better assess factors like size, color, and design before making a purchase, leading to more informed buying decisions and fewer disappointments upon receipt.
4. Customization and Personalization: 3D models enable ecommerce platforms to offer customization and personalization options to customers. For example, customers can configure products with different colors, materials, or design elements in real-time, allowing them to tailor products to their preferences before purchase.
5. Cost Savings: While creating high-quality 3D models initially requires investment, it can lead to cost savings in the long run. Once created, 3D models can be easily reused and repurposed for various marketing materials, product configurations, and virtual environments, eliminating the need for costly photoshoots and physical prototypes.
6. Adaptability to Emerging Technologies: 3D models are compatible with emerging technologies like augmented reality (AR) and virtual reality (VR), opening up new opportunities for immersive shopping experiences. By integrating 3D models with AR/VR applications, ecommerce businesses can allow customers to virtually try on products, visualize them in real-world settings, and make more confident purchase decisions.
7. Competitive Advantage: Embracing 3D models for ecommerce product photography can differentiate a brand from competitors and position it as innovative and forward-thinking. Providing customers with cutting-edge visualization tools and an engaging shopping experience can help attract new customers, retain existing ones, and build brand loyalty over time.

Explore the future of AI-driven photography with Nextech3D.AI. Contact Us Today!!
👍️0
scoobey-do scoobey-do 2 months ago
NEXCF - NexTech3D.AI Corp.

FILINGS AND DISCLOSURE

OTC Disclosure & News
PUBLISH DATE TITLE PERIOD END DATE STATUS
05/31/2024 OTCQB Certification 12/31/2023 A

https://www.otcmarkets.com/otcapi/company/financial-report/405158/content
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI ANNOUNCES THE CLOSING OF MAP DYNAMICS SALE TO ARWAY.AI TO FOCUS ON PATENTED HIGH-MARGIN GENERATIVE AI-POWERED 3D MODELING TECHNOLOGY

TORONTO, O.N, Canada – May 28, 2024 - Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its has closed its previously announced sale of Map Dynamics to ARway.ai as a strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway (OTCQB: ARWYF / CSE:ARWY), in exchange for $1.2 million or 4 million shares in ARway, entirely in stock. This move streamlines Nextech3D.ai's operations, focusing exclusively on its profitable AI-driven 3D modeling patented technology.

The divestiture not only advances Nextech3D.ai's position in 3D modeling and AI technology but also enhances ARway's financial standing, contributing approximately $1.2 million in revenue and $500,000 in free cash flow, bolstering its growing spatial mapping operations.

This strategic reorganization and focus on core competencies underline Nextech3D.ai's commitment to leading the evolution of digital commerce through advanced 3D modeling technologies.
👍️0
ignatiusrielly35 ignatiusrielly35 2 months ago
That sucks, frankly.
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI REPORTS Q1 2024 REVENUE OF $1,024,000 WITH GROSS PROFIT MARGIN OF 51% OR $526,212 A +70% JUMP OVER 2023

Q1 Highlights
• Multiple Breakthrough Generative AI Patents Issued
• Year Over Year Margin Improved by + 70%
• Cost-cutting measures reduced operating loss by 47%
• The company is Exclusively focusing on large enterprise contracts which are anticipated to have a major impact on the business's future quarters

TORONTO, O.N, Canada – May 24, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," other major e-commerce retailers report its unaudited financial and operating results for its first quarter ended March 31, 2024.

CEO Evan Gappelberg comments " I am pleased to present our financial and operational performance for the first quarter of 2024. Despite a slight year-over-year decline in revenue to $1,024,000, we have made significant strides in improving our profitability and operational efficiency through strategic cost-cutting measures and investments in technology. He continues, "In Q1 2023 we had operational expenses of $1.7 mill per month while in Q1 our operational expenses showed a dramatic improvement as it dropped to about $850,000. We are seeing additional operational improvements in Q2 which again will increase our profitability as we drive towards bringing in additional deals and becoming cash flow positive in 2024".

Financial Performance
Revenue: Our revenue for Q1 2024 stood at $1,024,000 million. While this represents a decrease compared to the same period last year, it is important to note the transformative steps we have taken to enhance our business model which will have a material impact on profitability the rest of the year 2024 and beyond.

Profit Margins: The most notable achievement this quarter has been the remarkable improvement in our profit margins. Through a combination of rigorous cost-cutting initiatives and strategic investments, particularly in AI technology and our operational move to India, we have seen our margins increase from 30% in 2023 to 51% in Q1 2024. This represents a 66% improvement.

This positive trend continues into Q2 2024, where we are projecting margins to reach 70-80%, a +166% improvement compared to 2023. This significant increase in profitability underscores the effectiveness of our strategies and our commitment to operational excellence.
Operational Highlights

3D Modeling Business: We continue to excel in our core 3D modeling business, delivering thousands of high-quality 3D models to our largest customer, Amazon, monthly. While Amazon remains our biggest client, we have diversified our customer base and are not solely reliant on them.

New Customer Acquisitions: In Q1, we had anticipated closing deals with several large enterprise S&P 500 companies. Although these deals have been deferred to Q2, we have successfully closed one major contract in Q2, which is expected to contribute an additional 10% to our Q2 revenue compared to Q1. Moreover, we are in advanced discussions with five enterprise customers, and we expect to finalize these agreements in Q2 and Q3 2024. We are now exclusively focused on large enterprise contracts which we anticipate will have a major impact on our business soon.

Strategic Initiatives

Our strategic move to India in late 2023 has been instrumental in enhancing our cost structure and scalability. The investment in AI technology has not only streamlined our operations but also positioned us at the forefront of innovation in the 3D modeling industry. These initiatives are critical to our long-term growth and competitive edge.

Notable News from Q1 2024

New AI-Powered 3D Model Search Tool: Earlier this month, the Company announced it had gone live with its proprietary AI-powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. Through the application of this unique technology, the Company is poised to enhance and quicken its internal 3D model creation workflow significantly. Furthermore, there are plans to market this search engine externally, potentially leading to substantial increases in revenue and profits.

Expansion of AI Tech Team and Office Space: Nextech3D.ai has expanded its AI tech team and doubled its office space in Hyderabad, India, in response to increasing demand for our GPT AI platform and 3D model production. This expansion is a testament to the growing recognition of our technological capabilities and our commitment to meeting the rising market demand.

Establishment of New Business Unit Targeting Jewelry Industry: On March 5, 2024, Nextech3D.ai established a new business unit led by a former META executive. This unit targets the jewelry industry with advanced GPT AI CAD-3D models, blockchain technology, and NFTs. This strategic move is expected to open new revenue streams and further diversify our business portfolio.

Formation of AI Incubator and AI Acquisition & Development Division: On March 12, 2024, Nextech3D.ai announced the formation of an AI incubator and AI Acquisition & Development Division. This division has the potential for a 2024 IPO spin-out, reflecting our commitment to fostering innovation and growth within the AI sector.

New Patent Issuance: We were granted a patent for our technology that generates three-dimensional (3D) models from two-dimensional (2D) images. This patent is pivotal to Nextech3D.ai's artificial intelligence technology, strengthening our intellectual property portfolio and reinforcing our competitive edge in the 3D model-making industry for eCommerce. This achievement validates our commitment to increasing shareholder value through investment in 3D-AI GPT patents and solutions.

In conclusion, while Q1 presented challenges in terms of revenue, our proactive measures have substantially strengthened our profitability and market position. We are optimistic about the future and are confident that the steps we have taken will yield significant benefits in the coming quarters.

PROACTIVE LINK TO Nextech3D.ai CEO Evan Gappelberg Discuss results of Q1, 2024 VIDEO INTERVIEW

https: //www.youtube.com/watch?v=ZLiTVLx7peg

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to discuss the company's Q1 performance.
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI DIVESTS MAP DYNAMICS TO FOCUS ON CORE 3D MODELING BUSINESS

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to reveal the company's latest strategic maneuver: the divestment of its legacy business, Map Dynamics (MapD), through a shares-for-acquisition deal with ARway.ai. MapD, a renowned real-world mapping software firm, boasts an impressive client base of over 400 clients, generating $1.2 million in annual revenue and $250,000 in EBITDA over the past 12 months ending in March 2024.

May 21, 2024: Gappelberg joined Steve Darling from Proacte to reveal the company's latest strategic maneuver: the divestment of its legacy business.

https: //www.youtube.com/watch?v=bsDXYtoUxfQ

Gappelberg outlined that Nextech3D.ai's primary focus lies in the creation of 3D models for the e-commerce sector, leveraging generative AI technology. By shedding Map Dynamics, Nextech3D.ai solidifies its position as a dedicated AI-driven 3D modeling firm, a strategic direction Gappelberg has been steering towards for five years. This transition marks a pivotal moment for the company, enabling it to streamline its operations and concentrate on its core business, which caters to esteemed clients such as Amazon, Kohl's, Procter & Gamble, and Bunnings.

In terms of financial performance, Nextech3D.ai has witnessed significant improvements, with profit margins projected to soar from 30% in 2023 to an anticipated 80% in Q2. The divestiture of Map Dynamics is poised to further enhance Nextech3D.ai’s profitability and bolster its growth prospects. Moreover, Gappelberg teased forthcoming announcements slated for June 2024, including Nextech3D.ai's designation as a preferred 3D model supplier for Amazon. This development is expected to substantially elevate the company's business trajectory and is eagerly awaited by investors. Gappelberg expressed confidence in Nextech3D.ai's continued success as it capitalizes on emerging opportunities in the burgeoning field of AI-driven 3D modeling.
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI SELLS MAP DYNAMICS TO FOCUS ON PATENTED HIGH-MARGIN GENERATIVE AI-POWERED 3D MODELING TECHNOLOGY

TORONTO, O.N, Canada – May 21, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway.ai (OTCQB:ARWYF)(CSE:ARWY), in exchange for 4 million shares valued at over $1mill based on Friday's closing price of $0.26/share. This transaction brings Nextech3D.ai's ownership stake in ARway.ai to almost 50% allowing it to share in a substantial amount of ARway.ai's and Map D's upside without having to manage the business itself day to day. This move streamlines Nextech3D.ai's operations, allowing the company to focus exclusively on its high margin-profitable generative AI-powered 3D modeling technology. The closing is expected to happen in the first half of June.

The divestiture not only advances Nextech3D.ai's position in 3D modeling and AI technology but also enhances ARway.ai's financial standing, contributing approximately $1.2 million in revenue and about $250,000 in free cash flow, bolstering its growing spatial mapping operations creating a win-win combination for shareholders of both companies.

This strategic move allows the company to focus on further developing its core competencies in 3D and generative AI and underlines Nextech3D.ai's commitment to leading the evolution of digital commerce through advanced 3D and AI modeling technologies.
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI ANNOUNCES NEW DEALS AND RENEWALS IN 3D MODELING BUSINESS

Nextech3D.ai Continues to Sign New & Renewal 3D Modeling Deals plus AR Visualization for Enterprise e-commerce.

TORONTO, O.N, Canada – May 17, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D generative AI-powered 3D model supplier (Patent #11,948,248) for major e-commerce retailers including Amazon, Miele, P&G, and Kohl's, is pleased to announce a series of exciting new deals and renewals for its 3D modeling business. To date, the company has delivered over 70,000 models to customers across various industries and expects significant growth in 2024 and beyond, driven by Amazon's expanding platform for 3D models and AR experiences. The company is also extending its market reach into sectors like brake pads, calipers, crossbows, power tools, pallet jacks, and more.

CEO Evan Gappelberg Comments on Expansion and Innovation:

Evan Gappelberg, CEO of Nextech3D.ai, stated, "Today, we are seeing more companies, both large and small, across many new industries interested not just in 3D AI models but also in 3D AI digital renders, which we now offer alongside our 3D AI models. This creates additional value from the 3D model itself. 3D AI and AR produce 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 leader in 3D AI e-commerce."

Showcase of New 3D Models

Brake Pad
Caliper
Rotor
Crossbow
Power Tool
Global Pallet Jack
Global Industrial Fan

Renewals with Global Brands
City Grounds: Offering innovative merchandise for urban cycling needs and more. View Crew Bike Co CB275 27.5" BMX Bike and View Crew Dart V2 Electric Bike
Surplus Furniture: Surplus Furniture quickly became a top furniture and mattress retailer with the buying power to provide incredible value at a warehouse price. View Kempton Black Double Motion Loveseat
William Wood Mirrors: A UK-based company with decades of experience in mirrors, lighting, and furniture. View Liberty - Black Full Length Arched Metal Mirror
X Rocker UK: X Rocker is renowned for redefining home entertainment for gamers across the globe.

Explore Existing 3D Product Models on Amazon:

View Vornado Vintage Air Circulator Fan
View Metal Meat Claws, BBQ Pork Shredder, Walnut Wood Handles

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.

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

Nextech3D.ai: Leading the Future of e-Commerce.

As online shopping continues to grow, the demand for immersive and interactive experiences is increasing. Nextech3D.ai is at the forefront of this mega-trend, transforming online shopping into an interactive adventure with its patented AI-powered 3D modeling technology, catering to major e-commerce platforms like Amazon.

Brands are invited to Contact Us to let our team help you start selling using 3D models for your online store today.
👍️0
scoobey-do scoobey-do 2 months ago
New video regarding NEXTECH3D.AI ENHANCES REVENUE STREAMS THROUGH AI-DRIVEN 3D MODEL MARKETPLACE

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce significant enhancements to the company’s revenue streams through a strategic partnership with sister company Toggle3D.ai. This collaboration introduces an innovative AI-driven marketplace featuring over 200,000 3D models, available for purchase in millions of colors and configurations, with prices ranging from $20 to $95 per model.

Watch the interesting video, which explains in more detail today's NEXCF news at the website below:

https: //investorshub.advfn.com/secure/post_new.aspx?board_id=36359 (please eliminate the space after https:)
👍️0
scoobey-do scoobey-do 2 months ago
NEXTECH3D.AI PARTNERS WITH TOGGLE3D.AI TO LAUNCH INNOVATIVE AI-POWERED 3D MODEL MARKETPLACE, ENHANCING REVENUE STREAMS

Company is monetizing its 200,000+ 3D Model Library

TORONTO, O.N, Canada – May 16, 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 excited to announce significant enhancements to its revenue streams through a strategic partnership with Toggle3D.ai (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C). This collaboration introduces a new, AI-driven marketplace featuring over 200,000+ of our meticulously developed 3D models, now available for purchase in millions of colors and configurations at prices ranging from $20 to $95 per model.

These models, which encompass a diverse array of 3D models, quad meshes and parts, have been crafted over several years, generating millions in revenue for Nextech3D.ai. By leveraging Toggle3D.ai's innovative generative AI platform, Nextech3D.ai aims to significantly increase this revenue. A 30% royalty fee on sales through the Toggle3D.ai marketplace will contribute to this growth.

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.
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.
👍️0
scoobey-do scoobey-do 2 months ago
Lionsgate Transaction - Frequently Asked Questions Regarding the Announcement: - Exhibit 99.3

Question: Where can I find more details about the transaction between Lionsgate’s studio business and Screaming Eagle?
Answer: Please find the investor presentation on the Events & Presentations section (a sub-header under “News & Events”) of Lionsgate’s Investor Relations website (http://investors.lionsgate.com).

Question: When do you expect to close the transaction?
Answer: Lionsgate’s management expects the transaction to close in the spring of 2024, subject to satisfaction of closing conditions.

Question: What is the rationale for the transaction?
Answer: Lionsgate’s management and its Board believe that this transaction is compelling for several reasons:
• It provides an opportunity to reduce leverage significantly while simultaneously highlighting the value of Lionsgate’s standalone studio
business at a valuation more reflective of the studio business’s outlook than what Lionsgate’s current consolidated valuation reflects.
• It increases Lionsgate’s strategic optionality for both STARZ and the studio business.
• It preserves Lionsgate’s highly attractive capital structure.
• It establishes the studio business as a separate, publicly traded entity with a single voting class of stock.

Question: Why did Lionsgate pursue a transaction with Screaming Eagle versus another way to raise equity capital (e.g., an initial public offering in the subsidiary)?
Answer: Lionsgate’s management believes the transaction with Screaming Eagle provides a more favorable structure compared to potential alternatives for many reasons, including:
• Greater price discovery and confidence. A Special Committee of Lionsgate’s Board negotiated directly with Screaming Eagle to establish
an equitable transaction price and compelling valuation for both sides.
• Lower share dilution than traditional SPAC transactions, with all sponsor private warrants eliminated for no consideration, public warrants
expected to be eliminated at $0.50 consideration per warrant and 78% of sponsor promote eliminated for no consideration.

https://investors.lionsgate.com/~/media/Files/L/LionsGate-IR-V3/reports-and-presentations/lionsgate-transaction-faq.pdf
👍️0
scoobey-do scoobey-do 2 months ago
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
👍️0
scoobey-do scoobey-do 2 months ago
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.
👍️0
scoobey-do scoobey-do 2 months ago
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.
👍️0
scoobey-do scoobey-do 2 months ago
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.
👍️0
scoobey-do scoobey-do 2 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
ignatiusrielly35 ignatiusrielly35 3 months ago
Expected to be cash flow positive when? What a useless prediction.
👍️0
scoobey-do scoobey-do 3 months ago
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
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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.
👍️0
scoobey-do scoobey-do 3 months ago
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
👍️0
scoobey-do scoobey-do 3 months ago
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)
👍️0
ignatiusrielly35 ignatiusrielly35 3 months ago
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.
👍️ 1

Your Recent History

Delayed Upgrade Clock