scoobey-do
2 weeks ago
Nextech3D.ai Year-End Letter to Shareholders: Positioned for Growth, Profitability, and Innovation in 2025
TORONTO, ON, Canada โ December 20th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce issues letter to shareholders.
Dear Shareholders,
As we reflect on 2024, we are pleased to share that Nextech3D.ai successfully produced and delivered approximately 25,000 3D models and millions of AR experiences. These milestones demonstrate the growing demand for our solutions and underscore the scalability of our platform.
Recap of 2024 YTD Financials:
In the first quarter of 2024, the company reported revenue of $1,024,000, with a gross profit margin of 51% or $526,212, representing a 70% improvement over 2023.
Nextech Q1
In the second quarter of 2024, Nextech3D.ai reported revenue of $1,108,000, with a record gross profit margin of 74% or $820,000, marking a 45% increase over the first quarter of 2024.
Yahoo Finance Q-2
In the third quarter of 2024, the company achieved revenue of $756,476, reflecting a gross profit margin of 71% or $537,503.
Yahoo Finance
9 Months - As of September 30, 2024, Nextech3D.ai reported year-to-date (YTD) revenue of $2.9 million, with a gross profit of $1.88 million.
Yahoo Finance
Please note that these figures are unaudited and subject to change upon the release of the company's fully audited annual report.
Throughout 2024, we focused on advancing automation within our production process by building and deploying new AI tools. This strategic initiative is already showing promise in reducing costs and improving efficiency, setting the stage for enhanced profitability in the years ahead. In tandem, we took decisive steps to streamline our operations, including reducing headcount, to position Nextech3D.ai for long-term sustainability. These efforts are part of our broader goal to achieve cash flow positivity in 2025.
One of our most exciting advancements this year has been our investment in AI Photography, branded as "FOTOgpt." Designed as an API plugin, FOTOgpt is now integrated into Toggle Studio, expanding its functionality and reach. The potential of AI-powered photography is immense, and we are currently in discussions with multiple enterprise platforms about integrating FOTOgpt into their ecosystems. These collaborations have the potential to significantly expand our market presence and amplify the impact of our technology. We look forward to sharing more updates, including an investor demo of these integrations, in January 2025.
In addition, we have been making progress on our mapping software, which encompasses both indoor spatial mapping and indoor event solutions. While our work on spatial mapping is currently on hold due to the capital-intensive nature of this complex technology, we plan to revisit it once we generate sufficient resources for reinvestment. Meanwhile, our indoor event solutions business continues to gain momentum. By adding additional salespeople and enhancing features, we expect this area to experience significant growth in 2025.
To make the platform more robust, we are currently migrating it to AWS, a major initiative that is on track for completion in Q1 2025. This transition will enhance the scalability, reliability, and overall performance of the platform, positioning it for long-term success. Furthermore, we are integrating new AI features into the platform, opening exciting growth opportunities for 2025 and beyond. We view this business as an evergreen asset, and its potential continues to inspire confidence in our future.
We also continue to utilize our shares-for-services program to manage our expenses, which have decreased dramatically in 2024. These reductions will be fully reflected in our Q1 2025 results as we continued to pay off liabilities in 2024. Currently, we do not have any plans to raise additional capital. With our 2025 growth plan, significantly reduced expenses, and increased reliance on AI, we do not anticipate the need to raise capital for general corporate purposes. However, as we are engaged in ongoing acquisition discussions, we would entertain raising additional capital should the right opportunity arise.
Summary of 2024 Performance and 2025 Outlook
As we close 2024 and look ahead to 2025, Nextech3D.ai continues to grow its 3D modeling business, both within and beyond the Amazon ecosystem. While the Seller Central segment progressed slower than anticipated in 2024, leading to a decline in Amazon corporate 3D modeling revenue, our SME business showed strong growth. This shift highlights the importance of diversification, which has positioned us for significant growth and profitability in our SME 3D business in 2025 and beyond.
We are well-positioned to achieve profitability in our 3D modeling business in 2025, driven by enhanced AI automation and operational efficiency. Alongside this, we are building strategic new AI technologies that have the potential to further accelerate both growth and profitability in the coming year.
Our portfolio companies, Toggle3D.ai and ARway3D.ai, are each strategically placed for expansion and success in 2025. With their innovative solutions and evolving capabilities, these businesses are poised to contribute meaningfully to Nextech3D.aiโs overall growth trajectory.
As we look toward 2025, our focus remains on leveraging AI automation, strengthening our SME business, and expanding into new opportunities powered by AI-driven innovation. We thank our shareholders for their continued trust and support as we build a brighter future together.
Sincerely,
Evan Gappelberg
CEO
Nextech3D.ai
scoobey-do
2 weeks ago
I'm slowly reading through the September 30, 2024 and I found something very interesting on page 15:
c) Employee pay program
On March 05, 2024, the Company granted 6,275,062 warrants to its employees. Each warrant has an exercise price of $0.26
and matures on March 05, 2024. As at September 30, 2024, all of these warrants have been converted into common shares, all
of which occurred during the nine months ended September 30, 2024.
If Nextech3D Ai Corp employees were not very bullish about the corporation, they wouldn't be paying $0.26 per share for NEXCF.
Go NEXCF, Go Evan Gappelberg
scoobey-do
4 weeks ago
H.C. Wainwright & Co
Earnings Report Update
Nextech3D.AI Corporation (NEXCF)
Rating: Buy
Scott Buck 212-856-5730
sbuck@hcwresearch.com
Updating Model on 3Q24 Results, Revenue Remains Slower to Materialize as Competition Builds; Reit.
Buy, $0.25 PT
Our $0.25 price target represents approximately 700.0% upside from recent trading levels but consistent with the 52-week-high
Competition putting pressure on core modeling business. On November 29, NexTech3D.ai released finalized operating results for the period ended September 30, 2024. Results were largely disappointing as the company generated just $0.8M of revenue during the quarter, down both sequentially and year over year. Much of the decline was attributed to increasing competition within the 3D modeling space. However, we believe becoming a certified 3D content provider for Amazon (AMZN; not rated) and the launch of AI Generated FOTOgpt.ai Toggle Studio could be potential revenue catalysts for 2025. In addition to Amazon, we believe the company continues to pursue enterprise contracts. Gross margin of 71.0% represented a meaningful year over year improvement reflecting the companyโs offshoring efforts, moving much of the business operations to India in late 2023. Over time, as revenue scales, we believe the company should be positioned to generate gross margin of more than 80.0%. While revenue has been slower to materialize, as revenue scales the company is positioned to deliver meaningful operating leverage and an accelerated timeline towards profitability and free cash flow. We do believe shares remain under some pressure as it remains clear the company needs to raise additional capital to fund growth initiatives into 2025. Some investors may be waiting for a more stable balance sheet before getting involved in NEXCF shares. On what we consider a favorable risk reward profile, we remain Buy rated with a $0.25 price target on NEXCF shares.
Adjusting estimates, introducing 2025, price target unchanged. We are reducing our revenue forecast for 2024 reflecting softer 3Q24 revenue results. We are now modeling 2024 revenue of C$4.3M, a decrease from C$5.6M previously. This is now down from 2023 levels. However, we expect an acceleration of revenue growth beginning in 2025 as the company gains new traction from its relationship with Amazon. As lower revenue is offset by lower operating cost, we are modeling an adj. EBITDA loss of C$6.0M in 2024. While visibility remains difficult, we are introducing 2025 revenue and adj. EBITDA forecast of C$5.5M and loss of C$4.4M, respectively. We are leaving our price target unchanged at $0.25. Valuation attractive given meaningful revenue growth opportunity and path to profitability. We are valuing NEXCF shares at $0.25, reflecting approximately 8.0x EV/revenue multiple on our current 2025 revenue estimate of C$5.5M.
Our $0.25 price target represents approximately 700.0% upside from recent trading levels but consistent with the 52-week-high. 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 partnership 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.
Toggle Studio (CSE: TGGL/OTC: TGGLF) of which Nextech owns 13million shares continues to build its AI Studio for both 2D and 3D applications. Notably its new AI photography studio FOTOgpt.ai. The company believes that this has significant growth potential.
ARway.ai (CSE: ARWY/OTC: ARWYF) of which Nextech owns 17million shares continues to generate significant revenue and cash flow primarily through its mapping software. This business which has been around for almost two decades is continuing to build its capabilities with new AI features that the company believes will ignite sales.
Monroe1
4 weeks ago
Nextech3D.ai Reports Q3 2024 Revenue of $756,476 with Gross Profit Margin of 71% or $537,503
2024 Highlights ? Now Amazon Certified 3D Content Provider ? Launches 100% AI Generated FOTOgpt.ai Toggle Studio ? Issued 2D-3D Patent #11,948,248
TORONTO, ON, Canada โ November 29th 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, other major e-commerce retailers reports its unaudited financial and operating results for its second quarter ended September 30th, 2024.
Financial Performance Revenue: $756,476 Gross Profit Margin: 71% or $537,503
Operational Highlights 3D Modeling Business: We continue to innovate and push our AI technology forward in our core 3D modeling business, delivering thousands of high-quality 3D models to our diverse customer base on a monthly basis.
Strategic Initiatives While we are struggling to gain momentum in our 3D modeling business we are continuing to invest in AI. Notably the Toggle Studio FOTOgpt.ai which we are launching next month and into Q1 2025.
Looking ahead at the business opportunities into 2025: -3D modeling business continues to struggle to gain momentum as more competition has come to market from all over the world. -
Toggle Studio (CSE: TGGL/OTC: TGGLF) of which Nextech owns 13million shares continues to build its AI Studio for both 2D and 3D applications. Notably its new AI photography studio FOTOgpt.ai. The company believes that this has significant growth potential.
ARway.ai (CSE: ARWY/OTC: ARWYF) of which Nextech owns 17million shares continues to generate significant revenue and cash flow primarily through its mapping software. This business which has been around for almost two decades is continuing to build its capabilities with new AI features that the company believes will ignite sales.
scoobey-do
1 month ago
Toggle.ai Integrates FOTOgpt.ai Studio into Map Dynamics, Enhancing AI Photography Capabilities for over 400 Enterprise Clients
Toronto, ON, Canada - November 21st, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-powered 3D model content provider for major e-commerce brands, is pleased to announce its spin-out Toggle.ai (OTCQB: TGGLF/ CSE:TGGL) of which Nextech3d.ai owns 13 million shares or about 45%, has officially rebranded as FOTOgpt.ai. The new name reflects the companyโs strategic focus on transforming photography through new AI technology. FOTOgpt.ai is set to launch its AI-powered photography studio as an API plugin in December 2024, followed by a standalone mobile application for iOS and Android in Q1 2025.
MapD, a self-serve event management and mapping software solution, is widely used by event organizers to streamline planning, logistics, and customer engagement. Through this integration, FOTOgpt.ai's AI-driven photography capabilities will now be available to a broad range of industries, including major trade shows, conferences, expos, and other live events. FOTOgpt.ai's innovative technology empowers event organizers, exhibitors, and sponsors to easily capture high-quality, dynamic images, enhancing event content and creating new avenues for branding and marketing.
Unlocking New Revenue Streams for Event Organizers
By integrating FOTOgpt.ai's advanced AI photography studio into the MapD platform, Toggle.ai is providing event organizers with an efficient, cost-effective way to create professional-grade visual content. FOTOgpt.ai's AI-driven platform enables users to generate stunning images for promotional materials, social media campaigns, and virtual event experiences, all with minimal effort and maximum quality. This new offering opens up additional revenue streams for event organizers by enhancing attendee engagement, improving brand visibility, and offering sponsors and exhibitors new ways to showcase their products and services.
A Powerful Synergy with MapD's Enterprise Client Network
This collaboration introduces FOTOgpt.ai's capabilities to over 400 leading enterprise clients across various industries. MapD's client base includes well-known organizations such as American Tradeshow Services (ATS), ISACA, AAPC, NACE, and many others, representing some of the largest trade shows, expos, and conferences globally. By integrating FOTOgpt.ai's AI photography into MapD's robust event management platform, Toggle.ai can now offer its technology to a broad array of industries.
MapD's Extensive Client and Strategic Partnerships
MapD supports a diverse range of clients, including:
American Tradeshow Services (ATS) - MD Expo, NADC, HEAT
ISACA - Information Systems Audit & Control Association
AAPC - American Academy of Professional Coders
NACE - National Association of College and Employers Conference & Expo
IIABSC - Spring Conference
SNAPA - Annual Conference
SCAV - Southeast Veterinary Conference
MapD also benefits from key strategic partnerships, including those with IAEE (International Association of Exhibits & Exhibitors), TNSAE (Tennessee Society of Association Executives), and AENC (Association Executives of North Carolina), among others. These partnerships provide FotoGPT.ai with significant exposure and growth opportunities across the event tech ecosystem.
scoobey-do
1 month ago
Toggle to FOTOgpt.ai: Picture Perfect!
Nextech3D.ai Spin-Out Rebrands as FOTOgpt.ai to Usher in a New Era of AI-Powered Photography
Toronto, ON, Canada - November 21st, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-powered 3D model content provider for major e-commerce brands, is pleased to announce its spin-out Toggle.ai (OTCQB: TGGLF/ CSE:TGGL) of which Nextech3d.ai owns 13 million shares or about 45%, has officially rebranded as FOTOgpt.ai. The new name reflects the companyโs strategic focus on transforming photography through new AI technology. FOTOgpt.ai is set to launch its AI-powered photography studio as an API plugin in December 2024, followed by a standalone mobile application for iOS and Android in Q1 2025.
FOTOgpt.ai leverages advanced AI capabilities to transform the way individuals and businesses capture, edit, and optimize their photos. Whether itโs professional photographers looking for next-level automation or casual users seeking seamless enhancements, FOTOgpt.ai offers a revolutionary solution tailored for all.
โToggleโs rebrand marks an exciting milestone in our journey,โ said Evan Gappelberg, CEO of nextech3d.ai and Director of FOTOgpt.ai. โWeโre redefining photography by harnessing the power of AI to create dynamic, intelligent, and beautiful visual experiences. AI is not just the future of Toggle.aiโitโs the core of what FOTOgpt.ai stands for.โ
Gappelberg continues โOur AI photography suite available within Nextech3d.ai and the Toggle platform enables merchants of Amazon, Etsy and eBay to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay as you go credit system that makes purchasing 3D models, meshes, or 3D product photography easy and affordable. We are seeing an enthusiastic response from our existing customers and new customers as well.โKey advantages of platform include:
Low Cost โ Eliminate the need for expensive photo shoots.
High Quality โ Produce images from 1K to 4K resolution.
Instant Results โ Create stunning images in minutes.
Versatile Angles of the product โ Generate images in any orientation, no need for green screens.
E-commerce Ready โ Perfect for showcasing products online.
Effortless Customization โ Easily create diverse images with multiple backgrounds.
This new AI powered lifestyle solution is an affordable and efficient alternative to costly photo shoots, allowing businesses to produce professional-grade photos that highlight unique features and present products in real-world contexts. This capability is essential for creating a memorable and persuasive online shopping experience, leading to higher conversion rates and customer satisfaction.
The December launch of FOTOgpt.aiโs API plugin will empower developers and businesses to integrate sophisticated AI photography features into their own platforms. The standalone app, expected in early 2025, promises an intuitive user experience with a wide array of creative and practical tools for photo editing and management.
scoobey-do
2 months ago
ChatGPT for Photography is HERE!
โFotoGPTโ (Photo with Generative Pre-trained Transformer)
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg joined Steve Darling from Proactive studio today to showcase the company's latest advancements in AI photography studio for e-commerce. Positioned as a significant step in Nextech3D.ai's ongoing journey to revolutionize product visualization, the AI-powered studio is set to launch in December 2024 on Amazon, marking a new chapter for the company.
Known for its pioneering work in 3D and augmented reality (AR) technologies, Nextech3D.ai is transforming e-commerce with hyper-realistic 3D models that enhance customer engagement, improve product understanding, and ultimately reduce return rates. The company's patented technology enables rapid and cost-effective 3D model production, making it an invaluable asset for major online sellers, including those on Amazon.
Gappelberg explained that this new AI photography studio FOTOgpt leverages the company's sophisticated tech stack, enabling even more dynamic and immersive product presentations. By further blending 3D modeling and AI photography, Nextech3D.ai aims to push the boundaries of digital shopping experiences, giving e-commerce businesses powerful tools to stand out in a competitive
Nextech3D.ai's strategic investments in new AI photography technology position it at the forefront of this $20 billion technological revolution.
CLICK to Watch The LiveStream!
https: //www.youtube.com/watch?v=2XUAynNCchc&t=59s
scoobey-do
2 months ago
Nextech3D.aiโs CEO, Evan Gappelberg, has indicated that Nextech3D.ai is working with Amazonโs โSeller Centralโ so I went to Amazonโs third quarter 2024 financial statement to see if Amazon mentioned Seller Central.
In Amazonโs โManagementโs Discussion and Analysis of Financial Conditions and Results of Operationsโ Amazon shows a breakdown of Net Sales as North America, International and AWS (Amazon Web Service). In my opinion, AWS and Seller Central are the same. I did not notice mention of โSeller Centralโ in Amazonโs report.
AWS is not new to Amazon. Amazon reported Operating income for AWS in 2023. On October 30, 2024, Lumen (NYSE: LUMN) reported โLumen and AWS Partner to Unlock the Power of Generative AI Though Enhanced Network Operations and Deliveryโ
On August 1, 2024, Nextech3D.aiโs โCEO, Evan Gappelberg joins The Market Online to discuss the companyโs patented AI technology, its growth in the 3D interactive model industry and its partnership with Amazon.
If I remember correctly, Evan Gappelberg said that he could not release information about the operation between Amazon and Nextech3D.ai until Amazon had all of Amazonโs plans in place.
Iโm hoping that the โplansโ roll out soon.
scoobey-do
2 months ago
Nextech3D.ai Attends High Point Fall Market โThe Largest Furniture Market Globallyโ To Showcase Itโs 3D Modeling and AI Photography
TORONTO, O.N, Canada โOctober 31st, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading provider of advanced 3D modeling and AI-driven photography solutions, is pleased to announce its attendance at the High Point Fall Market, held from October 26-30, 2024. Known as one of the premier trade shows for the furniture industry, the High Point Market has provided Nextech3D.ai with a strategic platform to engage with some of the largest furniture brands and manufacturers in the world, opening doors for innovative partnerships and market expansion.
During the event, Nextech3D.ai Head of Sales Mady Wymsa held key meetings with top executives from leading brands and manufacturers, discussing tailored 3D modeling and AI solutions designed to enhance the digital presence and consumer engagement strategies of furniture companies. With a unique blend of high-resolution 3D modeling and AI-enhanced photography, Nextech3D.ai's technology allows furniture brands to offer customers a more interactive and immersive shopping experience. Once integrated 3D/AI aims to boost online sales conversions, minimize return rates, and enhance overall brand loyalty.
โWe are excited to be at the forefront of innovation in the furniture industry,โ said Evan Gappelberg, CEO of Nextech3D.ai. โOur solutions empower furniture brands to visualize their products with unprecedented detail and realism, elevating the online shopping experience and setting new standards in the industry. Our discussions with major furniture brands at the High Point Market underscore the growing demand for our advanced 3D modeling and AI photography technologies, and we look forward to forging new partnerships.โ
Nextech3D.ai continues to drive forward with its mission of transforming how products are visualized online. The company anticipates that these new relationships will not only expand its market presence in the furniture sector but also pave the way for future advancements and applications of 3D and AI technologies across various industries.
scoobey-do
2 months ago
Catch the Exciting CEO.CA Interview with Nextech3d.ai 🚀
Toggle3D.ai Launches Photo Studio API, Bringing Advanced Ai-powered Image Editing to Businesses
Nextech3D.ai (CSE:NTAR/NEXCF-OTCQB/ Toggle3D.ai CSE; TGGL/TGGLF) CEO Evan Gappelberg gave an interview with
CEO Evan Gappelberg joined Steve Darling from Proactive to announce the launch of the companyโs new Photo Studio API, designed to address the rising demand for scalable, high-quality photo editing across various industries. This API allows users to integrate Toggle3D.ai's advanced AI-driven image processing technology directly into their workflows, simplifying tasks like product image enhancement, personalized photo edits, and large-scale image processing.
Gappelberg shared that the Photo Studio API offers a range of features, including precise retouching, background removal, color adjustments, and automated workflows. With support for bulk operations, businesses can process thousands of images quickly and efficiently, making it an ideal solution for sectors like e-commerce, social media, and marketing where high-quality, fast image production is critical.
The APIโs compatibility with third-party tools enables feature expansion through function calling, with future updates expected to add specialized options like object detection and style transfer, enhancing customization possibilities for a variety of creative applications.
Watch The Full Interview And Transcript:
https ://www.youtube.com/watch?v=Q7kAGz0DSrY&t=59s
scoobey-do
3 months ago
Check Out Nextech3d.ai's Latest AI Image Innovation!
Summary: Nextech3D.ai, a trailblazer in AI-powered 3D model content, has introduced a revolutionary feature: AI-powered lifestyle images. This game-changing tool is designed to enhance your e-commerce visuals by transforming 3D models or 2D pictures into stunning lifestyle images, tailored to meet the requirements of various ecommerce platforms.
CEO, Evan Gappelberg, shares that this new feature allows users to render up to eight high-resolution images, from 1K to 4K, in just minutes. The platform's key advantages are undeniable. It eliminates the need for expensive photo shoots, and instead, produces high-quality images instantly. It's versatile, allowing for diverse angles and backgrounds, ready for e-commerce use. The result? Stunning, professional-grade photos that showcase your products in real-world contexts, creating a persuasive online shopping experience that drives conversion rates and customer satisfaction.
The ecommerce Product Photography Market is booming, expected to reach a staggering USD 275.4 Billion by 2030. High-quality visuals are no longer a nice-to-have, they're a necessity. Product pages with high-quality images see a 30% higher conversion rate. And let's not forget customer trust - 75% of online shoppers rely on product photos when deciding on a purchase. Join the revolution.
Nextech3D.ai Launches AI Powered Lifestyle Image Generator Supporting Major Ecommerce Platforms
Companyโs Artificial Intelligence For Marketing Continues to Evolve
TORONTO, O.N, Canada โ September 11, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-powered 3D model content provider for major e-commerce giants including Amazon, is pleased to announce its new capability of AI Powered lifestyle images using a 3D model or even 2D pictures and enhancing them with Lifestyle backgrounds. In addition, the company is also now able to generate images that match the requirements of various ecommerce platforms with just a click of a button.
Evan Gappelberg CEO Of Nextech3d.ai comments โOur AI photography suite available within Nextech3d.ai and the Toggle platform enables merchants of Amazon, Etsy and eBay to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay as you go credit system that makes purchasing 3D models, meshes, or 3D product photography easy and affordable. We are seeing an enthusiastic response from our existing customers and new customers as well.โ
For further information, please contact:
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)