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Nextech3D.ai Reports Q2 2024 Performance with Significant Revenue Growth and Improved Profit Margins

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Manage episode 431471788 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive revealing the company's preliminary unaudited financial and operational results for the second quarter of 2024, which ended on June 30, 2024. The results showcased a notable revenue increase to $1.2 million, up from $1 million in the first quarter of 2024. Gappelberg highlighted the company's impressive operational leverage, with a substantial gross profit margin of 70% in Q2, a significant rise from 50% in Q1 and 30% for the entire year of 2023. He attributed this growth to the company's strategic shift towards the Indian market in the fourth quarter of 2023 and advancements in its AI technology. These initiatives are expected to further enhance the company's gross margin, potentially reaching 80% in 2024. Additionally, Gappelberg announced that Nextech3D.ai recently achieved certification as a 3D modeling partner for Amazon, the world's largest e-commerce platform. This partnership opens new avenues for growth, as Amazon's data suggests that listings featuring 3D models experience a twofold increase in purchase conversions on average. Nextech3D.ai is poised to capitalize on this opportunity, anticipating substantial new business prospects. #proactiveinvestors #nextech3d.al #otcqx #nexcf #cse #ntar #Nextech3D #FinancialResults #Q2Earnings #ProfitMargin #RevenueGrowth #AmazonPartnership #3DModeling #HyderabadOffice #TechIntegration #AutoApproval #ROI #ProductConversions #ScalableProduction #FutureExpansion #3Dvs2D #TechMilestone #ECommerce #InvestorUpdate #BusinessGrowth #Technology#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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610 episodes

Artwork
iconShare
 
Manage episode 431471788 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive revealing the company's preliminary unaudited financial and operational results for the second quarter of 2024, which ended on June 30, 2024. The results showcased a notable revenue increase to $1.2 million, up from $1 million in the first quarter of 2024. Gappelberg highlighted the company's impressive operational leverage, with a substantial gross profit margin of 70% in Q2, a significant rise from 50% in Q1 and 30% for the entire year of 2023. He attributed this growth to the company's strategic shift towards the Indian market in the fourth quarter of 2023 and advancements in its AI technology. These initiatives are expected to further enhance the company's gross margin, potentially reaching 80% in 2024. Additionally, Gappelberg announced that Nextech3D.ai recently achieved certification as a 3D modeling partner for Amazon, the world's largest e-commerce platform. This partnership opens new avenues for growth, as Amazon's data suggests that listings featuring 3D models experience a twofold increase in purchase conversions on average. Nextech3D.ai is poised to capitalize on this opportunity, anticipating substantial new business prospects. #proactiveinvestors #nextech3d.al #otcqx #nexcf #cse #ntar #Nextech3D #FinancialResults #Q2Earnings #ProfitMargin #RevenueGrowth #AmazonPartnership #3DModeling #HyderabadOffice #TechIntegration #AutoApproval #ROI #ProductConversions #ScalableProduction #FutureExpansion #3Dvs2D #TechMilestone #ECommerce #InvestorUpdate #BusinessGrowth #Technology#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
  continue reading

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