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NexTech3D.AI Corp. C.NTAR

Alternate Symbol(s):  NEXCF

Technology Software - Application
NexTech3D.AI Corp. is a diversified augmented reality (AR), artificial intelligence (AI) technology company. The Company leverages AI to create three-dimensional (3D) experiences at scale for e-commerce. The Company's primary focus lies in creating 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Its suite of products includes patented AI-based technology for 3D model creation and 2D to 3D conversion. It also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. The Company provides a broad array of AR solutions. Its AR solutions are able to scale the production of 3D models by using AI algorithms and computer vision technology. Its technology is Web-based, but the Company also offers several AR applications on iOS and Android, including ARitize360, ARitize, and HoloX. These applications enable 3D visualization across all platforms.


CSE:NTAR - Post by User

NexTech3D.AI Corp.
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Post by Betteryear2on Feb 08, 2024 10:46am
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Post# 35869878

$5 Million or +56% Growth in 2023 Revenue Unaudited Results

$5 Million or +56% Growth in 2023 Revenue Unaudited Results TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- via IBN -- Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces its preliminary unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary unaudited results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. 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 Reports $5 Million or +56% Growth in 2023 (globenewswire.com)
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