Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced its unaudited financial and operating results for the first quarter 2026, in which the company achieved its highest ever gross margins of 90%, compared with 74% during the same period last year.
The diversified spatial computing company also reported significantly reduced operating expenses, and a narrower net loss compared to the same period in 2025, reflecting continued progress toward sustainable profitability.
“Our Q1 shows the strength of our transformation into a lean, high-margin AI-first company which was no small feat to accomplish," Nextech3D.ai CEO Evan Gappelberg said in a statement.
"We dramatically improved gross margins to 90%, dramatically and diligently cut costs by more than 60%, which resulted in narrowing our net loss by over 70%.”
Nextech3D.ai noted its General & Administrative (G&A) expenses for the quarter fell 73% to $427,892, while its net loss improved 71% to ($497,763).
The company generated revenue of $328,092 during the period.
Nextech3D.ai added that it is accelerating its path to profitability in 2026, fueled by breakthrough advancements in AI, new enterprise demand, and expanding revenues.
As well, the company said additional automation underway aims to bring unit costs unlocking even greater scale and profit potential.
Furthermore, Nextech3D.ai projects 2025 production of 50,000 to 100,000 models driven by demand in the second half of 2025, while output is expected to double in 2026, with long-term potential growth.
It also noted that revenue from Map D is projected to double in the next 12 months.