on Nextech3D.ai (isin : CA65345C1005)
Nextech3D.ai Reveals Promising 2024 Revenue and 2025 Outlook
Toronto-based Nextech3D.AI, a leading innovator in augmented reality and artificial intelligence solutions, has released its preliminary unaudited financial results for 2024. The company reported a revenue of $3.1 million, with a gross profit of $1.9 million, representing a substantial 62% profit margin.
In 2024, Nextech3D.AI saw significant improvements, increasing its gross profit margin from 29% in 2023 to 65%. This growth was attributed to the implementation of AI technologies and a reduction in operational costs by 35%. CEO Evan Gappelberg expressed confidence in achieving an 80% profit margin in 2025, driven by strong sales and enhanced AI capabilities.
Looking ahead, the company anticipates further expansion through new hires, product offerings, and continued cost reduction efforts. Nextech3D.AI remains focused on leveraging AI for operational efficiency and sustained profitability.
R. E.
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