Press Release

Nextech3D.AI CEO reveals explosive 2Q growth as company prepares for breakout 3Q

–News Direct–

Nextech3D.AI CEO joined Proactive's Stephen Gunnion with details of the company's second-quarter performance, which saw record sales and revenue of $1.4 million as demand for its 3D models soars.

Year-over-year, revenue has surged by 155%, reaching $2.7 million for the first half of the year. Gappelberg predicts a breakout quarter in 3Q with expected revenues of $1.7 to $1.9 million, driven primarily by surging 3D model demand from Amazon and other major clients.

The company's gross profit margin, currently at 38%, is anticipated to rise further and eventually surpass 80%, with the help of their generative AI technology.

Gappelberg told Proactive Nextech3D.AI is well-prepared to meet the increased demand, having recently secured funding to accommodate the growth. He emphasized the importance of the company's developing relationship with Amazon, which represents 70% of the global e-commerce industry. He predicts that the opening of Amazon's Seller Central will unleash substantial demand for 3D models.

Contact Details

Proactive Investors Canada

+1 604-688-8158

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/nextech3d-ai-ceo-reveals-explosive-2q-growth-as-company-prepares-for-breakout-3q-936369039

Nextech3D.AI

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