Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news about the company's significant contract increase from its largest customer, Amazon. The new orders for 3D models amount to $2.2 million in additional revenue, indicating a strong and growing demand for Nextech3D.ai's services.
Gappelberg also mentioned that the company's profit margins are expanding significantly, which is a positive indicator of the company's financial health. He stated that Nextech3D.ai is rapidly progressing towards achieving positive cash flow, a significant milestone for any business.
The CEO revealed that Nextech3D.ai has been a supplier to Amazon for the past 12 months and has successfully delivered over 25,000+ 3D models to the tech giant. This long-standing relationship with Amazon demonstrates the company's reliability and capability to meet the needs of a major customer.
Furthermore, Gappelberg shared the company's plans for expansion beyond the e-commerce sector into gaming and manufacturing. Nextech3D.ai aims to leverage its AI-powered innovation in the lucrative 3D modeling sector to explore new opportunities and diversify its offerings.
The news of the significant contract increase and the company's progress towards positive cash flow reflects Nextech3D.ai's growth and potential in the market. With its focus on cutting-edge technology and expansion into new sectors, the company seems well-positioned for further success and continued growth in the future.
Proactive Investors Canada
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