Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF), a leader in generative AI-powered 3D modelling technology for eCommerce retailers, has reported its financial results for the three months ended September 30, 2024.
It achieved revenue of about $756,000 with a gross profit margin of 71% or about $537,000.
Revenue for the year-to-date has reached $2.9 million with a gross profit of $1.88 million.
“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,” the company said in a statement.
Looking ahead to business opportunities in 2025, the company noted it remains “cautiously optimistic” regarding future demand from Amazon for its 3D modeling business as this unit faces additional competition.
Further, Toggle Studio, of which Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) owns 13 million shares, is building out its AI studio for 2D and 3D applications.
Its new AI photography studio FOTOgpt.ai is launching in December 2024, and Nextech3D.ai believes this has significant growth potential.
ARway.ai (CSE:ARWY, OTCQB:ARWYF), in which Nextech3D.ai owns 15 million shares, continues to generate revenue and cash flow through its mapping software, the company added.