- Nextech3D.ai (CSE:NTAR) has revealed it has received an order for more than 1,000 artificial intelligence models and more than 4,000 3D AI digital photos in May
- Delivery is expected to begin in June with a contact valuation in the mid-six figures
- The company continues to sign new and renewal 3D modeling deals as well as augmented reality visualization for e-commerce
- Shares of Nextech3D.ai are up 12 per cent to C$0.14 as of 12:49 pm ET
Nextech3D.ai (CSE:NTAR) has revealed it has received an order from an unnamed blue-chip enterprise customer for more than 1,000 artificial intelligence (AI) models and more than 4,000 3D AI digital photos in May.
In a news release, the company stated that delivery is expected to begin in June with a contract valuation in the mid-six figures.
“With our end-to-end integrated solutions, white-glove service, ability to scale production, and large enterprise customers, Nextech3D.ai is emerging as a 3D AI e-commerce leader,” Evan Gappelbreg, CEO of Nextech3D.ai, said in a statement. “These large contracts are critical revenue and cash flow drivers for the company.”
Nextech3D.ai continues to sign new and renewal 3D modeling deals as well as augmented reality visualization for e-commerce.
As such, the company believes it can become profitable in 2024 by scaling revenue with 80 per cent profit margins while operating expenses are going down because of its investment in its patented AI.
The company’s patented AI-powered 3D modeling technology creates photo-realistic 4K 3D models that cater to major e-commerce platforms such as Amazon. Some of its high-profile clients include Amazon, P&G, Kohls and Miele.
Nextech3D.ai is a diversified technology company that leverages proprietary artificial intelligence to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other major e-commerce retailers.
Shares of Nextech3D.ai (CSE:NTAR) are up 12 per cent to C$0.14 as of 12:49 pm ET.
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