Nextech3D.AI reports preliminary FY24 revenue $3.1M

The company said, “In 2024, Nextech3D AI achieved a strong increase in its gross profit margin, reaching 65% compared to 29% in 2023. This was driven by the implementation of AI technologies and having 3D operations in India. Furthermore, the Company reduced its overall operational costs by 35% in 2024, positioning it for even greater savings and operational efficiency in 2025. The improved gross margin and cost reduction reflect the company’s commitment to innovation and its ongoing efforts to streamline operations…2025 Outlook and Performance Projections: Looking ahead to 2025, NexTech3D AI is tracking a projected gross profit margin of 80%+ by the end of the year. This is a continuation of the Company’s commitment to enhancing operational efficiency through AI, cloud optimization, and automated processes. The Company is also laser focused on driving sales growth through strategic hires, including new Business Development Representatives, and further expansion of its product offerings, including the continued growth of its MapD platform. Additionally, using AI tools the company anticipates reducing its overall operational costs by more than 50% in 2025, leveraging AI and optimizing cloud infrastructure to drive sustained profitability.”