Achieves 80% Gross Profit Milestone, Propelled by AI and Strategic Shift to Hyderabad | News Direct Achieves 80% Gross Profit Milestone, Propelled by AI and Strategic Shift to Hyderabad

News release by Nextech3D.AI

facebook icon linkedin icon twitter icon pinterest icon email icon Vancouver, Canada | May 02, 2024 02:10 PM Eastern Daylight Time CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company has reached a significant milestone by achieving an 80% gross profit in Q2, 2024. This remarkable accomplishment marks a 166% increase from the 30% gross profit reported in 2023, showcasing the company's strong growth trajectory.

Evan Gappelberg, CEO of, attributes this milestone to the company's strategic investment in AI and its pivot to Hyderabad, India, in Q3, 2023. He expressed confidence in the company's ability to achieve profitability in 2024 by scaling revenue with impressive 80% profit margins while concurrently reducing operating expenses. This reduction in expenses is attributed to the continued investment in the company's patented AI technology, which enhances efficiency and productivity across operations.

The strategic shift to Hyderabad, India, aligns perfectly with's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a sharp focus on profitability and fiscal responsibility for its valued shareholders. This move underscores the company's dedication to maximizing shareholder value while capitalizing on emerging market opportunities in the eCommerce and technology sectors.



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