Nextech3D.AI sees 2023 revenue $5M vs. $3.2M last year

Annual gross profit margin for 2024 is estimated at 30% which with the company’s pivot to India in Q4,2023 and improvements in its AI is projected to increase dramatically in 2024. Nextech3D.ai CEO and founder Evan Gappelberg commented, “While 2023 was a solid year of growth for our Company, we are expecting even stronger gains in 2024 as the 3D modeling revolution gains steam and our business gains more economies of scale. Moving operations to India was a major positive for our production capability, but especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023.” He continued, “We are currently negotiating multiple major contracts for our 3D modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing…we are excited for releasing the technology we are building and for record results in 2024!”