Nextech3D.ai reports preliminary Q2 revenue $1.4M, up 155% vs. 2022

Gross profit remained consistent at 38%, contributing $1.1 million and $0.5 million year to date and for Q2, respectively; Gross margin is expected to increase to 40-50% next quarter, and increase in Q4 and 2024 as its AI takes over. Nextech3D.ai CEO Evan Gappelberg comments “Our preliminary results for Q2 were impressive, as we achieved record sales of $1.4 million. However, what excites me even more is the exciting growth we are witnessing in our Q3 and Q4 orders. Based on the current order flow from Amazon, we are projecting a breakout Q3 quarter with revenue of at least $1.7 million, and we also anticipate an expansion in profit margins.” He continued, “We believe there is potential for the revenue to exceed $1.7 million as that is our conservative estimate for Q3. This quarter is expected to be the long-awaited turning point for our company. This belief is reinforced by the recent announcement of a significant expansion contract worth $2.2 million from Nextech3D.ai’s largest customer, Amazon. This contract highlights the success of Nextech3D.ai’s groundbreaking generative-AI technology, positioning the company as the leading AI solution globally for scaling 3D model production in the thriving e-commerce, gaming, and manufacturing industries. Furthermore, thanks to our latest funding round, our cash position is now robust enough to accommodate the increased demand we anticipate in the second half of 2023 and beyond.”