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An update from NexTech AR Solutions ( (TSE:NTAR) ) is now available.
NexTech3D AI reported preliminary unaudited revenue of $3.1 million for 2024, with a gross profit of $1.9 million, marking a 62% increase. The company achieved a significant improvement in its gross profit margin, reaching 65% from 29% in 2023, driven by the implementation of AI technologies and 3D operations in India. Additionally, operational costs were reduced by 35%, positioning the company for further efficiency in 2025. Looking ahead, NexTech3D AI anticipates an 80%+ profit margin and continued AI sales growth, reflecting a positive outlook for 2025, with expectations of expanding market share and achieving strategic goals.
More about NexTech AR Solutions
NexTech3D AI, established in 2018, is a leader in augmented reality (AR) and artificial intelligence (AI) technologies, specializing in advanced 3D AI-driven solutions.
YTD Price Performance: 3.03%
Average Trading Volume: 472,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.46M
Learn more about NTAR stock on TipRanks’ Stock Analysis page.