Nextech3D.ai Q4 Revenue Jumps 207% as AI Platform Scales

Nextech3D.AI Corp. (OTCQX: NEXCF | CSE: NTAR | FSE: EP2) said fourth quarter total revenue soared 207% to $939,000 compared to the year prior.

Gross profit grew 263% to reach $858,000 in the fourth quarter compared to the year prior, while gross margin reached 91.3% compared to 95% in the third quarter, the company stated. Nextech3D.ai is also experiencing sequential growth momentum, with an approximately 101% rise in revenue in the fourth quarter against the third quarter, it said.

The company said it increased revenue scale and improved cost efficiency while it implements its software-first strategy, AI-powered platform strategy.

"These results reflect the impact of our restructuring and our increased focus on software-based offerings," said Evan Gappelberg, Nextech3D.ai CEO. "We continue to focus on execution, improving efficiency, and expanding our product capabilities."

Nextech3D.ai added that future performance will depend on factors including customer adoption, market conditions, competitive dynamics, and the company's ability to execute on its strategic initiatives.

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Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/nextech3d-ai-q4-revenue-jumps-161332673.html)