Nextech3D.ai Reports Q2 2024 Revenue of $1,108,000 with Record Gross Profit Margin of 74%

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a leader in generative AI-powered 3D modeling technology, has announced its unaudited financial results for Q2 2024, ending June 30. The company reported a revenue of $1,108,000, achieving a record gross profit margin of 74%, or $820,000, reflecting a 45% increase over Q1 2024 and an 80% increase over Q2 2023.

Notably, the company's profit margins have improved significantly from 30% in 2023 to 74% in Q2 2024. Nextech3D.ai credits this to its strategic initiatives, including its recent move to India and investments in AI technology, which have optimized operational costs and scalability.

The company has also achieved several operational milestones this quarter. These include earning the status of Amazon Certified 3D Content Provider, launching an AI-generated digital photography studio, and adding an AI 3D mesh search engine. Moreover, they were granted the 2D-3D Patent #11,948,248.

CEO Evan Gappelberg expressed optimism about the future, highlighting the significant increase in profitability and solidified market position as proof of the effectiveness of their strategies and commitment to operational excellence.