Nextech3D.ai To Unveil 2023 Financial Outcomes and Host Webcast

TORONTO, ON – Nextech3D.AI, a leading 2D to 3D Generative AI-Powered model supplier, has announced it will disclose its full year and fourth quarter 2023 financial results on April 29, 2024, after the closure of markets. The company, known for its patent in transforming 2D images to 3D models (#11,948,248), serves prominent clients like Amazon and P&G, showcasing robust annual revenue growth and an expansion strategy that includes a pivot to India in the final quarter of 2023.

In preliminary unaudited results revealed in February, Nextech3D.ai reported a 56% increase in annual revenue to $5 million in 2023, up from $3.2 million the previous year. The fiscal documents also indicate an annual gross profit margin estimated at 30% for 2024. This financial uptick reflects the company's tactical business maneuvers and its continued innovation in 3D modeling technology, underpinning the creation of 70,000 3D models by the end of 2023.

Following the results announcement, a conference call led by CEO Evan Gappelberg and CFO Andrew Chan is scheduled for the same date at 5:00 PM Eastern Time. The call intends to further dissect the 2023 financial and operational achievements and will include a segment for queries. Moreover, a recording will be accessible for those unable to attend the live session.