Proactive - Interviews for investors

Nextech3D.ai reports 65% gross profit margin in 2024, projects 80%+ for 2025 with AI integration

Episode Summary

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company’s preliminary unaudited 2024 results, showcasing a significant increase in gross profit margin to 65%, up from 29% in 2023. This growth was fueled by the implementation of AI technologies and the expansion of 3D operations in India. Additionally, the company successfully reduced overall operational costs by 35% in 2024, setting the stage for even greater efficiency and savings in 2025. Nextech3D.ai reported revenue of $3.1 million with a gross profit of $1.9 million. The improved margins and cost reductions highlight the company’s commitment to innovation and its ongoing operational streamlining efforts. Gappelberg told Proactive that 2025 projections indicate a gross profit margin of over 80% by year-end, driven by continued enhancements in AI integration, cloud optimization, and automated processes. The company plans to further boost sales growth through strategic hires, including new Business Development Representatives, and expand its product offerings, particularly the growth of its MapD platform. Looking ahead, Nextech3D.ai anticipates a 50%+ reduction in operational costs in 2025 by leveraging AI tools and optimized cloud infrastructure, positioning the company for sustained profitability and long-term growth. #EvanGappelberg #AmazonSellerCentral #3DModeling #AIPhotography #EcommerceInnovation #3DTechnology #LifestylePhotography #ProactiveInterviews #TechInnovation #AmazonPartners#proactiveinvestors #nextech3d.al #otcqx #nexcf #cse #ntar