CEO reveals Nextech3D.AI's latest milestone: 50,000+ 3D models delivered and explosive growth ahead
Vancouver
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August 10, 2023 12:09 PM Eastern Daylight Time
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg joined Proactive's Stephen Gunnion with details of the company's latest achievement of delivering over 50,000 3D models to customers.
Gappelberg highlighted the company's rapid growth and anticipated even more impressive records ahead due to escalating 3D model demand.
The company's preliminary second-quarter results, out last week, revealed a 155% increase in revenues to $1.4 million, with third-quarter revenue projected to surge by 200% to $1.7 million year-over-year.
Gappelberg attributed a substantial portion of this exponential growth to the partnership with Amazon, which constitutes 70% of the eCommerce ecosystem. As Amazon's preferred 3D model supplier, Nextech3D.AI capitalizes on the expanding demand.
With Amazon opening Seller Central to over 10 million merchants, Gappelberg envisions substantial growth potential, given that only a fraction of Amazon SKUs have been converted to 3D.
He asserted that Nextech's breakthrough generative AI technology provides a competitive edge, streamlining 3D model creation and production at scale.
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