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3 horas hace
News from NexTech3D AI Corp
ARway.ai Announces Migration to AWS, New Sales & Marketing Initiative, and 2025 AI Innovation
TORONTO--(BUSINESS WIRE)—February 18, 2025— Arway Corporation (CSE:ARWY; OTC:ARWYF; FSE:E65) (“Arway” or the “Company”) – ARway.ai, a leader in spatial computing and augmented reality navigation, is pleased to announce its successful migration from Liquid Web to Amazon Web Services (AWS). This strategic move enhances the platform’s scalability, security, and performance, ensuring a superior experience for users and enterprise clients.
By leveraging AWS’s powerful cloud infrastructure, ARway.ai will benefit from improved system reliability, reduced latency, and enhanced data security. These improvements will allow the company to seamlessly support its growing customer base and optimize real-time AI-driven navigation experiences.
New Sales & Marketing Push to Accelerate Growth
In a concerted effort to drive revenue and expand market reach, ARway.ai has partnered with Closers.io, a leading sales and marketing firm. This collaboration marks the beginning of an aggressive sales push aimed at capitalizing on ARway.ai’s high-margin business model, which boasts an 85% profit margin. Closers.io will play a key role in accelerating customer acquisition and boosting enterprise adoption of ARway.ai’s cutting-edge AR navigation platform. Sales are expected to grow between 50-100% in 2025, further solidifying ARway.ai’s market position.
Upcoming AI Innovation Poised to Transform Events Industry
Looking ahead to 2025, ARway.ai is set to launch groundbreaking AI technology designed for the events industry. This innovation leverages the company’s vast dataset to revolutionize indoor navigation and matchmaking, providing seamless wayfinding and intelligent networking solutions. By analyzing user behavior and movement patterns, ARway.ai’s AI-driven system will enhance event experiences, helping attendees connect more effectively and navigate complex venues with ease.
“The transition to AWS, our renewed focus on sales expansion, and our upcoming AI innovation all underscore ARway.ai’s commitment to leading the way in spatial computing,” said Arway Evan Gappelberg CEO of ARway.ai. “We are confident that these strategic moves will fuel our growth and cement our position as an industry leader.”
He continues" With all the above positive things happening on-top of a business that has consistently generated over $1mill in revenue trading at a price of .05/hare and a market value of $1.75 million I am very seriously looking at buying additional shares myself-even though I already am the single largest shareholder."
scoobey-do
1 semana hace
Nextech3D.ai Launches First Social Media Marketing Campaign and Expands AI Product Suite
TORONTO, ON, Canada – February 11, 2025 – Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading provider of AI-driven 3D and augmented reality (AR) solutions, is making a bold move into digital marketing with the launch of its first-ever social media marketing initiative in collaboration with Closer.io. The campaign, which began on February 5, 2025, is focused on leveraging the massive reach of TikTok (1.5 billion users), Instagram (2.4 billion users), and Facebook (3 billion users) to drive brand awareness and accelerate sales.
At the same time, Nextech3D.ai is expanding its AI product suite, introducing new AI-powered solutions designed to enhance 3D modeling, automation, and immersive technology applications. Additional product launches are planned in the coming months.
Social Media Marketing Initiative: Reaching Billions of Potential Customers
For the first time, Nextech3D.ai is tapping into the power of social media’s global audience to enhance lead generation and customer engagement. With TikTok, Instagram, and Facebook boasting a combined 6.9 billion user accounts, the initiative presents a major opportunity to position Nextech3D.ai’s technology in front of businesses, creators, and tech innovators worldwide.
To execute this campaign, the company has engaged a highly experienced digital marketing agency to lead a 12-week advertising effort aimed at maximizing visibility and driving conversions. The campaign will utilize AI-driven ad optimization, advanced targeting, and real-time analytics to refine outreach and improve engagement.
“Social media is one of the most powerful marketing tools available today, and we are excited to launch this initiative for the first time,” said Evan Gappelberg, CEO of Nextech3D.ai. “With billions of people using these platforms daily, we see an enormous opportunity to amplify our brand presence, engage with new customers, and drive sales at an unprecedented scale.”
Expanding AI Product Offerings
In parallel with its marketing expansion, Nextech3D.ai is rolling out a new suite of AI-powered products, aimed at transforming 3D content creation, automation, and AR applications. These innovations will further establish the company as a leader in AI-driven 3D solutions.
“AI is redefining how businesses create and interact with digital content, and Nextech3D.ai is at the forefront of this transformation,” added Gappelberg. “We are committed to developing innovative AI solutions that enhance efficiency, reduce costs, and unlock new possibilities for our customers.”
2025 Strategic Outlook: Growth, Efficiency, and AI Optimization
Looking ahead, Nextech3D.ai is focused on key strategic initiatives to drive growth and enhance operational efficiency:
Sales Growth: Expanding market reach through social media and increased business development efforts.
Product Expansion: Continued growth of the MapD platform and the launch of additional AI-driven solutions.
Operational Efficiency: Leveraging AI technologies to reduce operational costs by over 50%, optimize cloud infrastructure, and streamline workflow automation.
Profitability Focus: The company is tracking a projected gross profit margin of 80%+ by the end of 2025, reinforcing its commitment to sustainable growth.
scoobey-do
2 semanas hace
Preliminary 2024 Results and 2025 Forecast
TORONTO, ON, Canada – February 3rd, 2025 – Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a trailblazer in augmented reality (AR) and artificial intelligence (AI) technologies since 2018, is pleased to announce its preliminary unaudited results for 2024, showcasing its achievements and a bright future ahead.
Solid 2024 Financial Performance
Revenue: An $3.1 million.
Gross Profit: A remarkable $1.9 million, reflecting a robust 62% margin.
This significant leap from a 29% gross profit margin in 2023 to 65% in 2024 underscores the company's strategic advancements in AI integration and the expansion of its 3D operations in India. Additionally, a 35% reduction in operational costs in 2024 has set the stage for even greater efficiency and savings in 2025.
CEO's Vision for 2025
Evan Gappelberg, CEO of Nextech3D.AI, expressed his enthusiasm:
"We are encouraged with our early success in 2025 and the solid progress we made in 2024. With a strong sales performance in January, cost reduction initiatives on track, and continued advancements in AI, we are confident that we will meet our 2025 goals of achieving an 81% gross profit margin and expanding our market share."
January 2025 Highlights
MapD Platform: Achieved a 15% growth in sales, reflecting its increasing market traction.
3D Model Sales: Experienced a strong 125% revenue increase compared to January 2024, highlighting the escalating demand for Nextech's innovative AI-driven solutions.
Optimistic 2025 Outlook
Looking ahead, Nextech3D.AI is on track to achieve an impressive 81% gross profit margin by the end of 2025. The company plans to further enhance operational efficiency through AI, cloud optimization, and automation. Strategic initiatives include expanding the sales team with new Business Development Representatives (BDRs) and broadening product offerings, particularly the MapD platform. Leveraging AI tools, the company anticipates reducing overall operational costs by more than 50% in 2025, paving the way for sustained profitability.
Nextech3D.AI remains at the forefront of AI-powered 3D solutions, committed to delivering exceptional value to its customers and shareholders through relentless innovation and operational excellence.
scoobey-do
1 mes hace
I believe Evan Gappelberg made a very smart decision looking at NEXCF's prices during 2024 - 2025:
March 4, 2024 $0.2099
Dec. 13, 2024 $0.022
Jan. 15, 2025 $0.042
Evan Gappelberg paid $1,368,012 for 21,046,338 NEXCF shares. I believe Nextec3D AI Corp's technology is getting stronger and the world may be accepting ai a little better than in the past.
If NEXCF returns to their past pps of $0.2099 (a 3.229 % increase over the Evan's purchase price) Evan's purchase would be worth $4,417,311.
Evan made the same type of deal with ARway.ai. Evan exchanged his $208.250 in outstanding salary compensation (@ $0.055 pps) into 3,786,363 ARWYF shares.
Will Evan do the same deal with Toggle 3D AI Inc (TGGLF)?
Evan Gappelberg is responsible for the success of all three companies. I wish I had more money to invest in NEXCF, ARWYF and TGGLF.
Good luck to you, Evan Gappelberg and all investors in Evan's family of companies.
scoobey-do
1 mes hace
A Message to Our Investors: Aligning Leadership with Long-Term Value
Dear Valued Investors,
As CEO & Founder, I wanted to take a moment to address a recent development regarding my compensation structure and its alignment with our company’s financial strategy and long-term vision.
Recently, I have elected to convert $1,368,012 of outstanding salary compensation into 21,046,338 common shares at a deemed price of $0.065 per share. This decision was not made lightly but was driven by my deep belief in the potential of our company and my commitment to its success.
Why Shares Instead of Cash?
Confidence in Our Future
By taking shares instead of cash, I am personally investing in the future of the business. This move reflects my unwavering confidence in our team, our strategies, and the value we are building together. It also aligns my interests directly with yours, ensuring that I remain focused on creating long-term shareholder value.
Strengthening Financial Flexibility
For the past few years, I have opted to forgo cash compensation to support the company’s liquidity and reinvest resources into growth opportunities. This approach helps us maintain operational flexibility, fund innovation, and focus on initiatives that drive value for all stakeholders.
Shared Success
By converting compensation into equity, I am fully aligned with the risks and rewards of our performance. This structure underscores my belief in the company’s mission and my commitment to delivering meaningful returns for all shareholders.
AI and the Future of E-Commerce
As part of our commitment to innovation, we are fully positioning the company to harness the transformative power of artificial intelligence. AI is shaping the future of nearly every industry, and we are determined to be at the forefront of this revolution, particularly in the e-commerce space.
Our investment in AI represents our belief in its potential to redefine how businesses operate and interact with their customers. This strategy ensures that we remain competitive and innovative in an ever-evolving digital landscape.
What This Means for Our Company
This decision is part of a broader effort to ensure we maintain a disciplined approach to capital allocation while staying focused on achieving our strategic goals. It also sends a clear message: I am fully invested in our success—both figuratively and literally.
The past few years have been a difficult journey. As we move forward, I am confident that the steps we are taking now will position us for greater accomplishments in the future.
A Commitment to Transparency
I want to thank you, our investors, for your continued trust and support. Transparency is a cornerstone of our relationship, and I will always strive to keep you informed about the decisions that shape our future.
Together, we are building something extraordinary, and I am honored to lead this journey with you.
For further information, please contact:
Nextech3D.ai
Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)
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1 mes hace
Nextech3D.ai Invites Shareholders to A Proactive CEO Livestream Demo of New AI Technology for Ecommerce & Events and Live Q&A on January 22nd 12pm EST
TORONTO, ON, Canada – January 16th 2025 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), established in 2018, has been a pioneer in augmented reality (AR) and artificial intelligence (AI) technologies, and a leader in advanced 3D AI-driven solutions. Nextech3D.ai is thrilled to announce that its spinoff Toggle3D.ai is developing a new suite of AI powered ecommerce tools with the launch of ToggleStudios Photo, a AI-powered photography studio. This enterprise AI photography platform is set to enhance the ecommerce landscape, delivering stunning, high-quality AI-powered stunning product imagery. Tune in for the Livestream demo on January 22nd at 12pm EST.
Key Highlights of Livestream:
Nextech3D.ai Enhances Ecommerce Visuals: ToggleStudios’ AI photography leverages advanced AI to create visually striking, hyper-realistic product images from 2D images and 3D models. Our innovative technology helps e-commerce businesses create stunning product images that reduce photography costs and drive conversions, ultimately influencing customer buying decisions while enhancing the online shopping experience worldwide.
ARway's AI-Driven Innovations in Event Management: Nextech3D.ai’s other spinoff, ARway, is making waves in the events industry by introducing AI agents designed to enhance attendee engagement and streamline event management. ARway is also developing additional AI-powered event navigation tools, offering seamless integration for large venue platforms.
ARway Accelerating Growth Push: To support its growth initiatives, ARway is scaling its salesforce to prepare for growing demand due to AI integration. This strategic expansion reflects Nextech3D.ai’s commitment to driving adoption of its innovative solutions and maintaining its leadership in AI-powered technology.
Driving Sales Through AI in 2025 - What's Next?
Join CEO Evan Gappelberg as he discussed how all three companies—Nextech 3D.ai, Toggle3D.ai, and ARway—are united in their commitment to leveraging AI technology to enhance their platforms and deliver value to customers. Their aggressive launch schedules in 2025 aim to generate significant sales growth while setting a new benchmark for AI-powered solutions in ecommerce and the event industry.
2025 promises to be a landmark year for the e-commerce industries, fueled by AI-generated visuals. At the forefront of this is Nextech3D.ai, which is pushing boundaries through its ToggleStudios AI powered photo platform. This new AI technology defines the landscape of e-commerce visuals by expanding beyond the generic product imagery to showcase breathtaking, AI-powered ecommerce lifestyle and upcoming on-model fashion photography.
In an era where compelling visuals are critical to brand success, ToggleStudios understands the demand for captivating fashion imagery and through AI fashion photo shoots, aims to leverage advanced AI technology, to create hyper-realistic fashion visuals that rival traditional photoshoots at a fraction of the cost.
By integrating AI technology with high efficiency, Nextech3D.ai is aiming to set a new benchmark for AI innovation in ecommerce and events. This rollout of a new suite of AI products underscores Nextech3D.ai’s commitment to its future with tools that help brands captivate, engage, and convert like never before.
The Future is AI, and It’s Here Now.
Nextech3D.ai Nextech3D.ai is a provider of innovative AI and 3D solutions that empower businesses across industries. With a focus on ecommerce and event management, the company continues to define the customer experience through AI technology.
scoobey-do
1 mes hace
Nextech3D.ai Announces Launch of Enterprise AI Photography Studio Expands Push into AI-Powered Ecommerce Solutions
TORONTO, ON, Canada – January 14th 2025 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), established in 2018, has been a pioneer in augmented reality (AR) and artificial intelligence (AI) technologies, and a leader in advanced 3D AI-driven solutions. Nextech3D.ai is thrilled to announce that its spinoff Toggle3D.ai is developing a suite of cutting-edge ecommerce tools with the launch of ToggleStudios Photo, a AI-powered photography studio. This enterprise AI photography platform is set to enhance the ecommerce landscape, delivering stunning, high-quality AI-powered product imagery with unparalleled efficiency.
Key Highlights:
Nextech3D.ai Enhances Ecommerce Visuals: ToggleStudios’ AI photography leverages advanced AI to create visually striking, hyper-realistic product images from 2D images and 3D models. Our innovative technology helps e-commerce businesses create stunning product images that reduce photography costs and drive conversions, ultimately influencing customer buying decisions while enhancing the online shopping experience worldwide.
ARway's AI-Driven Innovations in Event Management: Nextech3D.ai’s other spinoff, ARway, is making waves in the events industry by introducing AI agents designed to enhance attendee engagement and streamline event management. ARway is also developing additional AI-powered event navigation tools, offering seamless integration for large venue platforms.
ARway Accelerating Growth Push: To support its growth initiatives, ARway is scaling its salesforce to prepare for growing demand due to AI integration. This strategic expansion reflects Nextech3D.ai’s commitment to driving adoption of its innovative solutions and maintaining its leadership in AI-powered technology.
Driving Sales Through AI in 2025 - What's Next?
All three companies—Nextech 3D.ai, Toggle3D.ai, and ARway—are united in their commitment to leveraging AI technology to enhance their platforms and deliver value to customers. Their aggressive launch schedules in 2025 aim to generate significant sales growth while setting a new benchmark for AI-powered solutions in ecommerce and the event industry.
2025 promises to be a landmark year for the e-commerce industries, fueled by the transformative power of AI-generated visuals. At the forefront of this revolution is Nextech3D.ai, which is pushing boundaries through its ToggleStudios AI powered photo platform. This cutting-edge technology redefines the landscape of e-commerce visuals by expanding beyond the generic product imagery to showcase breathtaking, AI-powered ecommerce lifestyle and upcoming on-model fashion photography.
In an era where compelling visuals are critical to brand success, ToggleStudios understands the demand for captivating fashion imagery and through AI fashion photo shoots, aims to leverage advanced AI technology, to create hyper-realistic fashion visuals that rival traditional photoshoots at a fraction of the cost.
By integrating state-of-the-art AI technology with unmatched efficiency, Nextech3D.ai is setting a new benchmark for AI innovation in ecommerce and events. This evolution underscores Nextech3D.ai’s commitment to its future with tools that help brands captivate, engage, and convert like never before.
The Future is AI, and It’s Here Now.
Nextech3D.ai Nextech3D.ai is a leading provider of innovative AI and 3D solutions that empower businesses across industries. With a focus on ecommerce and event management, the company continues to redefine the customer experience through cutting-edge technology.
https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzQZSjbwNFZBPRLBKVcPQZTFMmJM
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1 mes hace
Nextech3D.ai’s AI Labs Explores the Future Potential of AI and Quantum Computing for 3D Model Production in E-Commerce
TORONTO, ON, Canada – January 7th 2025 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), established in 2018, Nextech3d.ai has been a pioneer in augmented reality (AR) and artificial intelligence (AI) technologies, and sees a bold vision for the future of e-commerce through the convergence of AI and quantum computing. The company is researching and testing these groundbreaking technologies, exploring how 3D models are created, scaled, and utilized to enable e-commerce businesses to deliver highly engaging and personalized shopping experiences. Nextech AI Labs was established in 2024 to explore new technologies and see how they can be applied to its business.
CEO Evan Gappelberg comments, “We are in a new era in AI and 3D technology and are now starting to hear about the incredible potential of Quantum Computers. In March of 2024 we launched our AI Incubator and Development Division, and since then we have been working on future potential business opportunities as well as potential acquisitions. Now in 2025, we are excited and looking toward the future where we expect to be active in developing or acquiring businesses in the AI and Crypto space although no assurance can be given that either will occur."
As the e-commerce sector increasingly adopts immersive technologies, 3D product modeling has emerged as a key driver of consumer engagement and sales conversion. However, the process of creating and rendering 3D models at scale presents significant challenges in terms of time, cost, and computational complexity. Nextech AI Labs is exploring the potential of how quantum computing, combined with advanced AI algorithms, can overcome these challenges.
AI, Quantum Computing, and 3D Model Innovation
NexTech AI Labs believes the fusion of AI and quantum computing has the potential to:
Accelerate 3D Model Creation:
Quantum computing could exponentially increase the speed of complex calculations, enabling the rapid generation of detailed and lifelike 3D models. By integrating quantum-powered optimization techniques with AI-driven automation, e-commerce businesses could scale 3D model production faster than ever before.
Enhance Model Accuracy and Realism:
AI-powered algorithms could leverage quantum-enhanced data processing to analyze vast datasets with unparalleled precision. This would result in 3D models that are more accurate in texture, dimensions, and color, creating an ultra-realistic representation of products.
Personalize Virtual Shopping Experiences:
The convergence of these technologies would allow retailers to dynamically customize 3D models for individual customers based on preferences, behaviors, and real-time data analysis, further enhancing personalization in e-commerce.
Optimize Resource Efficiency:
Quantum computing’s ability to solve optimization problems at scale could dramatically reduce the energy and computational resources required for 3D rendering, contributing to more sustainable business practices.
Driving the Future of Immersive Commerce
"As the world moves toward immersive shopping experiences, Nextech3d.ai is committed to staying at the forefront of innovation," said CEO Evan Gappelberg. "The intersection of AI and quantum computing represents a paradigm shift in how e-commerce businesses can deliver value to their customers. We believe this transformative technology has the potential to enable us to unlock new levels of efficiency, creativity, and personalization in 3D model production."
Collaboration and Research Initiatives
NexTech AI Labs is actively examining leading quantum computing firms, AI researchers, and e-commerce platforms to explore the practical applications of this technology. The company is also considering investing in research initiatives to test the scalability and feasibility of quantum-enhanced AI for 3D modeling workflows.
Looking Ahead
While quantum computing is still in its early stages of commercial viability, Nextech3d.ai remains committed to being an early adopter and innovator in the space. The company believes that as quantum technology matures, its integration with AI will create unprecedented opportunities for innovation in e-commerce and beyond.
For further information, please contact:
Nextech3D.ai
Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)
About Nextech3D.ai Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology.
Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws
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2 meses hace
Nextech3D.ai Year-End Letter to Shareholders: Positioned for Growth, Profitability, and Innovation in 2025
TORONTO, ON, Canada – December 20th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce issues letter to shareholders.
Dear Shareholders,
As we reflect on 2024, we are pleased to share that Nextech3D.ai successfully produced and delivered approximately 25,000 3D models and millions of AR experiences. These milestones demonstrate the growing demand for our solutions and underscore the scalability of our platform.
Recap of 2024 YTD Financials:
In the first quarter of 2024, the company reported revenue of $1,024,000, with a gross profit margin of 51% or $526,212, representing a 70% improvement over 2023.
Nextech Q1
In the second quarter of 2024, Nextech3D.ai reported revenue of $1,108,000, with a record gross profit margin of 74% or $820,000, marking a 45% increase over the first quarter of 2024.
Yahoo Finance Q-2
In the third quarter of 2024, the company achieved revenue of $756,476, reflecting a gross profit margin of 71% or $537,503.
Yahoo Finance
9 Months - As of September 30, 2024, Nextech3D.ai reported year-to-date (YTD) revenue of $2.9 million, with a gross profit of $1.88 million.
Yahoo Finance
Please note that these figures are unaudited and subject to change upon the release of the company's fully audited annual report.
Throughout 2024, we focused on advancing automation within our production process by building and deploying new AI tools. This strategic initiative is already showing promise in reducing costs and improving efficiency, setting the stage for enhanced profitability in the years ahead. In tandem, we took decisive steps to streamline our operations, including reducing headcount, to position Nextech3D.ai for long-term sustainability. These efforts are part of our broader goal to achieve cash flow positivity in 2025.
One of our most exciting advancements this year has been our investment in AI Photography, branded as "FOTOgpt." Designed as an API plugin, FOTOgpt is now integrated into Toggle Studio, expanding its functionality and reach. The potential of AI-powered photography is immense, and we are currently in discussions with multiple enterprise platforms about integrating FOTOgpt into their ecosystems. These collaborations have the potential to significantly expand our market presence and amplify the impact of our technology. We look forward to sharing more updates, including an investor demo of these integrations, in January 2025.
In addition, we have been making progress on our mapping software, which encompasses both indoor spatial mapping and indoor event solutions. While our work on spatial mapping is currently on hold due to the capital-intensive nature of this complex technology, we plan to revisit it once we generate sufficient resources for reinvestment. Meanwhile, our indoor event solutions business continues to gain momentum. By adding additional salespeople and enhancing features, we expect this area to experience significant growth in 2025.
To make the platform more robust, we are currently migrating it to AWS, a major initiative that is on track for completion in Q1 2025. This transition will enhance the scalability, reliability, and overall performance of the platform, positioning it for long-term success. Furthermore, we are integrating new AI features into the platform, opening exciting growth opportunities for 2025 and beyond. We view this business as an evergreen asset, and its potential continues to inspire confidence in our future.
We also continue to utilize our shares-for-services program to manage our expenses, which have decreased dramatically in 2024. These reductions will be fully reflected in our Q1 2025 results as we continued to pay off liabilities in 2024. Currently, we do not have any plans to raise additional capital. With our 2025 growth plan, significantly reduced expenses, and increased reliance on AI, we do not anticipate the need to raise capital for general corporate purposes. However, as we are engaged in ongoing acquisition discussions, we would entertain raising additional capital should the right opportunity arise.
Summary of 2024 Performance and 2025 Outlook
As we close 2024 and look ahead to 2025, Nextech3D.ai continues to grow its 3D modeling business, both within and beyond the Amazon ecosystem. While the Seller Central segment progressed slower than anticipated in 2024, leading to a decline in Amazon corporate 3D modeling revenue, our SME business showed strong growth. This shift highlights the importance of diversification, which has positioned us for significant growth and profitability in our SME 3D business in 2025 and beyond.
We are well-positioned to achieve profitability in our 3D modeling business in 2025, driven by enhanced AI automation and operational efficiency. Alongside this, we are building strategic new AI technologies that have the potential to further accelerate both growth and profitability in the coming year.
Our portfolio companies, Toggle3D.ai and ARway3D.ai, are each strategically placed for expansion and success in 2025. With their innovative solutions and evolving capabilities, these businesses are poised to contribute meaningfully to Nextech3D.ai’s overall growth trajectory.
As we look toward 2025, our focus remains on leveraging AI automation, strengthening our SME business, and expanding into new opportunities powered by AI-driven innovation. We thank our shareholders for their continued trust and support as we build a brighter future together.
Sincerely,
Evan Gappelberg
CEO
Nextech3D.ai
scoobey-do
2 meses hace
I'm slowly reading through the September 30, 2024 and I found something very interesting on page 15:
c) Employee pay program
On March 05, 2024, the Company granted 6,275,062 warrants to its employees. Each warrant has an exercise price of $0.26
and matures on March 05, 2024. As at September 30, 2024, all of these warrants have been converted into common shares, all
of which occurred during the nine months ended September 30, 2024.
If Nextech3D Ai Corp employees were not very bullish about the corporation, they wouldn't be paying $0.26 per share for NEXCF.
Go NEXCF, Go Evan Gappelberg
scoobey-do
2 meses hace
H.C. Wainwright & Co
Earnings Report Update
Nextech3D.AI Corporation (NEXCF)
Rating: Buy
Scott Buck 212-856-5730
sbuck@hcwresearch.com
Updating Model on 3Q24 Results, Revenue Remains Slower to Materialize as Competition Builds; Reit.
Buy, $0.25 PT
Our $0.25 price target represents approximately 700.0% upside from recent trading levels but consistent with the 52-week-high
Competition putting pressure on core modeling business. On November 29, NexTech3D.ai released finalized operating results for the period ended September 30, 2024. Results were largely disappointing as the company generated just $0.8M of revenue during the quarter, down both sequentially and year over year. Much of the decline was attributed to increasing competition within the 3D modeling space. However, we believe becoming a certified 3D content provider for Amazon (AMZN; not rated) and the launch of AI Generated FOTOgpt.ai Toggle Studio could be potential revenue catalysts for 2025. In addition to Amazon, we believe the company continues to pursue enterprise contracts. Gross margin of 71.0% represented a meaningful year over year improvement reflecting the company’s offshoring efforts, moving much of the business operations to India in late 2023. Over time, as revenue scales, we believe the company should be positioned to generate gross margin of more than 80.0%. While revenue has been slower to materialize, as revenue scales the company is positioned to deliver meaningful operating leverage and an accelerated timeline towards profitability and free cash flow. We do believe shares remain under some pressure as it remains clear the company needs to raise additional capital to fund growth initiatives into 2025. Some investors may be waiting for a more stable balance sheet before getting involved in NEXCF shares. On what we consider a favorable risk reward profile, we remain Buy rated with a $0.25 price target on NEXCF shares.
Adjusting estimates, introducing 2025, price target unchanged. We are reducing our revenue forecast for 2024 reflecting softer 3Q24 revenue results. We are now modeling 2024 revenue of C$4.3M, a decrease from C$5.6M previously. This is now down from 2023 levels. However, we expect an acceleration of revenue growth beginning in 2025 as the company gains new traction from its relationship with Amazon. As lower revenue is offset by lower operating cost, we are modeling an adj. EBITDA loss of C$6.0M in 2024. While visibility remains difficult, we are introducing 2025 revenue and adj. EBITDA forecast of C$5.5M and loss of C$4.4M, respectively. We are leaving our price target unchanged at $0.25. Valuation attractive given meaningful revenue growth opportunity and path to profitability. We are valuing NEXCF shares at $0.25, reflecting approximately 8.0x EV/revenue multiple on our current 2025 revenue estimate of C$5.5M.
Our $0.25 price target represents approximately 700.0% upside from recent trading levels but consistent with the 52-week-high. A targeted 8.0x EV/revenue multiple represents a premium to other small capitalization technology peers operating within the augmented reality, virtual reality, and metaverse space. We view this as warranted in the near term as the business should begin to ramp quickly given recent partnership announcements and anticipated revenue generation. As the company begins to demonstrate its ability to drive meaningful revenue growth, improve gross margin expansion, and achieve consistent profitability we believe new investors should be attracted to NEXCF shares.
Toggle Studio (CSE: TGGL/OTC: TGGLF) of which Nextech owns 13million shares continues to build its AI Studio for both 2D and 3D applications. Notably its new AI photography studio FOTOgpt.ai. The company believes that this has significant growth potential.
ARway.ai (CSE: ARWY/OTC: ARWYF) of which Nextech owns 17million shares continues to generate significant revenue and cash flow primarily through its mapping software. This business which has been around for almost two decades is continuing to build its capabilities with new AI features that the company believes will ignite sales.
Monroe1
3 meses hace
Nextech3D.ai Reports Q3 2024 Revenue of $756,476 with Gross Profit Margin of 71% or $537,503
2024 Highlights ? Now Amazon Certified 3D Content Provider ? Launches 100% AI Generated FOTOgpt.ai Toggle Studio ? Issued 2D-3D Patent #11,948,248
TORONTO, ON, Canada – November 29th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, other major e-commerce retailers reports its unaudited financial and operating results for its second quarter ended September 30th, 2024.
Financial Performance Revenue: $756,476 Gross Profit Margin: 71% or $537,503
Operational Highlights 3D Modeling Business: We continue to innovate and push our AI technology forward in our core 3D modeling business, delivering thousands of high-quality 3D models to our diverse customer base on a monthly basis.
Strategic Initiatives While we are struggling to gain momentum in our 3D modeling business we are continuing to invest in AI. Notably the Toggle Studio FOTOgpt.ai which we are launching next month and into Q1 2025.
Looking ahead at the business opportunities into 2025: -3D modeling business continues to struggle to gain momentum as more competition has come to market from all over the world. -
Toggle Studio (CSE: TGGL/OTC: TGGLF) of which Nextech owns 13million shares continues to build its AI Studio for both 2D and 3D applications. Notably its new AI photography studio FOTOgpt.ai. The company believes that this has significant growth potential.
ARway.ai (CSE: ARWY/OTC: ARWYF) of which Nextech owns 17million shares continues to generate significant revenue and cash flow primarily through its mapping software. This business which has been around for almost two decades is continuing to build its capabilities with new AI features that the company believes will ignite sales.
scoobey-do
3 meses hace
Toggle.ai Integrates FOTOgpt.ai Studio into Map Dynamics, Enhancing AI Photography Capabilities for over 400 Enterprise Clients
Toronto, ON, Canada - November 21st, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-powered 3D model content provider for major e-commerce brands, is pleased to announce its spin-out Toggle.ai (OTCQB: TGGLF/ CSE:TGGL) of which Nextech3d.ai owns 13 million shares or about 45%, has officially rebranded as FOTOgpt.ai. The new name reflects the company’s strategic focus on transforming photography through new AI technology. FOTOgpt.ai is set to launch its AI-powered photography studio as an API plugin in December 2024, followed by a standalone mobile application for iOS and Android in Q1 2025.
MapD, a self-serve event management and mapping software solution, is widely used by event organizers to streamline planning, logistics, and customer engagement. Through this integration, FOTOgpt.ai's AI-driven photography capabilities will now be available to a broad range of industries, including major trade shows, conferences, expos, and other live events. FOTOgpt.ai's innovative technology empowers event organizers, exhibitors, and sponsors to easily capture high-quality, dynamic images, enhancing event content and creating new avenues for branding and marketing.
Unlocking New Revenue Streams for Event Organizers
By integrating FOTOgpt.ai's advanced AI photography studio into the MapD platform, Toggle.ai is providing event organizers with an efficient, cost-effective way to create professional-grade visual content. FOTOgpt.ai's AI-driven platform enables users to generate stunning images for promotional materials, social media campaigns, and virtual event experiences, all with minimal effort and maximum quality. This new offering opens up additional revenue streams for event organizers by enhancing attendee engagement, improving brand visibility, and offering sponsors and exhibitors new ways to showcase their products and services.
A Powerful Synergy with MapD's Enterprise Client Network
This collaboration introduces FOTOgpt.ai's capabilities to over 400 leading enterprise clients across various industries. MapD's client base includes well-known organizations such as American Tradeshow Services (ATS), ISACA, AAPC, NACE, and many others, representing some of the largest trade shows, expos, and conferences globally. By integrating FOTOgpt.ai's AI photography into MapD's robust event management platform, Toggle.ai can now offer its technology to a broad array of industries.
MapD's Extensive Client and Strategic Partnerships
MapD supports a diverse range of clients, including:
American Tradeshow Services (ATS) - MD Expo, NADC, HEAT
ISACA - Information Systems Audit & Control Association
AAPC - American Academy of Professional Coders
NACE - National Association of College and Employers Conference & Expo
IIABSC - Spring Conference
SNAPA - Annual Conference
SCAV - Southeast Veterinary Conference
MapD also benefits from key strategic partnerships, including those with IAEE (International Association of Exhibits & Exhibitors), TNSAE (Tennessee Society of Association Executives), and AENC (Association Executives of North Carolina), among others. These partnerships provide FotoGPT.ai with significant exposure and growth opportunities across the event tech ecosystem.
scoobey-do
3 meses hace
Toggle to FOTOgpt.ai: Picture Perfect!
Nextech3D.ai Spin-Out Rebrands as FOTOgpt.ai to Usher in a New Era of AI-Powered Photography
Toronto, ON, Canada - November 21st, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-powered 3D model content provider for major e-commerce brands, is pleased to announce its spin-out Toggle.ai (OTCQB: TGGLF/ CSE:TGGL) of which Nextech3d.ai owns 13 million shares or about 45%, has officially rebranded as FOTOgpt.ai. The new name reflects the company’s strategic focus on transforming photography through new AI technology. FOTOgpt.ai is set to launch its AI-powered photography studio as an API plugin in December 2024, followed by a standalone mobile application for iOS and Android in Q1 2025.
FOTOgpt.ai leverages advanced AI capabilities to transform the way individuals and businesses capture, edit, and optimize their photos. Whether it’s professional photographers looking for next-level automation or casual users seeking seamless enhancements, FOTOgpt.ai offers a revolutionary solution tailored for all.
“Toggle’s rebrand marks an exciting milestone in our journey,” said Evan Gappelberg, CEO of nextech3d.ai and Director of FOTOgpt.ai. “We’re redefining photography by harnessing the power of AI to create dynamic, intelligent, and beautiful visual experiences. AI is not just the future of Toggle.ai—it’s the core of what FOTOgpt.ai stands for.”
Gappelberg continues “Our AI photography suite available within Nextech3d.ai and the Toggle platform enables merchants of Amazon, Etsy and eBay to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay as you go credit system that makes purchasing 3D models, meshes, or 3D product photography easy and affordable. We are seeing an enthusiastic response from our existing customers and new customers as well.”Key advantages of platform include:
Low Cost – Eliminate the need for expensive photo shoots.
High Quality – Produce images from 1K to 4K resolution.
Instant Results – Create stunning images in minutes.
Versatile Angles of the product – Generate images in any orientation, no need for green screens.
E-commerce Ready – Perfect for showcasing products online.
Effortless Customization – Easily create diverse images with multiple backgrounds.
This new AI powered lifestyle solution is an affordable and efficient alternative to costly photo shoots, allowing businesses to produce professional-grade photos that highlight unique features and present products in real-world contexts. This capability is essential for creating a memorable and persuasive online shopping experience, leading to higher conversion rates and customer satisfaction.
The December launch of FOTOgpt.ai’s API plugin will empower developers and businesses to integrate sophisticated AI photography features into their own platforms. The standalone app, expected in early 2025, promises an intuitive user experience with a wide array of creative and practical tools for photo editing and management.
scoobey-do
3 meses hace
ChatGPT for Photography is HERE!
“FotoGPT” (Photo with Generative Pre-trained Transformer)
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg joined Steve Darling from Proactive studio today to showcase the company's latest advancements in AI photography studio for e-commerce. Positioned as a significant step in Nextech3D.ai's ongoing journey to revolutionize product visualization, the AI-powered studio is set to launch in December 2024 on Amazon, marking a new chapter for the company.
Known for its pioneering work in 3D and augmented reality (AR) technologies, Nextech3D.ai is transforming e-commerce with hyper-realistic 3D models that enhance customer engagement, improve product understanding, and ultimately reduce return rates. The company's patented technology enables rapid and cost-effective 3D model production, making it an invaluable asset for major online sellers, including those on Amazon.
Gappelberg explained that this new AI photography studio FOTOgpt leverages the company's sophisticated tech stack, enabling even more dynamic and immersive product presentations. By further blending 3D modeling and AI photography, Nextech3D.ai aims to push the boundaries of digital shopping experiences, giving e-commerce businesses powerful tools to stand out in a competitive
Nextech3D.ai's strategic investments in new AI photography technology position it at the forefront of this $20 billion technological revolution.
CLICK to Watch The LiveStream!
https: //www.youtube.com/watch?v=2XUAynNCchc&t=59s
scoobey-do
3 meses hace
Nextech3D.ai’s CEO, Evan Gappelberg, has indicated that Nextech3D.ai is working with Amazon’s “Seller Central” so I went to Amazon’s third quarter 2024 financial statement to see if Amazon mentioned Seller Central.
In Amazon’s “Management’s Discussion and Analysis of Financial Conditions and Results of Operations” Amazon shows a breakdown of Net Sales as North America, International and AWS (Amazon Web Service). In my opinion, AWS and Seller Central are the same. I did not notice mention of “Seller Central” in Amazon’s report.
AWS is not new to Amazon. Amazon reported Operating income for AWS in 2023. On October 30, 2024, Lumen (NYSE: LUMN) reported “Lumen and AWS Partner to Unlock the Power of Generative AI Though Enhanced Network Operations and Delivery”
On August 1, 2024, Nextech3D.ai’s “CEO, Evan Gappelberg joins The Market Online to discuss the company’s patented AI technology, its growth in the 3D interactive model industry and its partnership with Amazon.
If I remember correctly, Evan Gappelberg said that he could not release information about the operation between Amazon and Nextech3D.ai until Amazon had all of Amazon’s plans in place.
I’m hoping that the “plans” roll out soon.
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ignatiusrielly35
3 semanas hace
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