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Nextech3D.AI CEO reveals explosive 2Q growth as company prepares for breakout 3Q
(NewsDirect) Nextech3D.AI CEO joined Proactive's Stephen Gunnion with details of the comp...
About this update from Nextech3d.ai Corporation
[{"type":"text","content":"Nextech3D.AI CEO reveals explosive 2Q growth as company prepares for breakout 3Q\n \n \n (NewsDirect)\n \n \n \n \n Nextech3D.AI CEO joined Proactive's\nStephen Gunnion with details of the company's second-quarter\nperformance, which saw record sales and revenue of $1.4 million as\ndemand for its 3D models soars.\n \n \n Year-over-year, revenue has surged by 155%, reaching $2.7\nmillion for the first half of the year. Gappelberg predicts a breakout\nquarter in 3Q with expected revenues of $1.7 to $1.9 million, driven\nprimarily by surging 3D model demand from Amazon and other major\nclients.\n \n \n The company's gross\nprofit margin, currently at 38%, is anticipated to rise further and\neventually surpass 80%, with the help of their generative AI\ntechnology.\n \n \n Gappelberg told Proactive Nextech3D.AI is\nwell-prepared to meet the increased demand, having recently secured\nfunding to accommodate the growth. He emphasized the importance of the\ncompany's developing relationship with Amazon, which represents\n70% of the global e-commerce industry. He predicts that the opening of\nAmazon's Seller Central will unleash substantial demand for 3D\nmodels.\n \n \n \n Contact Details\n \n \n \n Proactive Investors\nCanada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1766,"tagName":"div"}]