CEO.CA caught up with Evan Gappelberg, Founder & CEO of Nextech3D.ai in an AMA session on August 1st to answer questions about the company. Learn more about Nextech3D.ai at https://www.nextechar.com/. The following is the AMA:
Question: You’ve had 2 key news releases over the past week – announcing major deal with amazon and then Q2 financials & Q3 projections. Please can you break down how these change the investment thesis for Nextech3D.ai?
Answer (by Evan Gappelberg)
These major positive developments that can move the needle for the company.
Question: How has the parts library scaled over the past quarter?
Answer (by Evan Gappelberg)
The parts library has expanded and will continue to expand over time-we are going to be investing in our parts library so that one day it can be self-serve or SaaS.
Question: How are you scaling capacity to meet the demand for models on Amazon?
Answer (by Evan Gappelberg)
The question of scale is going to be answered with our generative AI tech becoming self serve or SaaS...meaning it will have UNLIMITED scale and make 3D models on demand.
Question: How is Nextech3D.ai able to control costs as you grow?
Answer (by Evan Gappelberg)
Costs are going to be controlled by using AI to both handle some of our mundane operations as well as using AI to do the 3D modeling ...these two things combined can bring cost down and increase profits quite allot in the coming quarters...I am very focused on this!
Question: Can you give us a sense of what to expect for Q3 revenue?
Answer (by Evan Gappelberg)
The estimated range in Q3 is $1.7-$1.9mill and the revenue is driven by model production of course-however each model is NOT the same as we have pricing for simple/med/complex/complex1/complex2/super complex...so the revenue and profits is based on the order flow & complexity.
Question: Can you break down the impact 3D models have on the customer journey, and which segments of ecommerce are most exciting for you right now?
Answer (by Evan Gappelberg)
Customers are gravitating towards 3D models of furniture and other home goods which is the most exciting sector right now for us.
Question: Is there anything else the CEO.CA community should know about Nextech3D.ai?
Answer (by Evan Gappelberg)
The news of Amazon expanding it's business with us for $2.2mill and todays news about our Q3 breakout quarter should not be understated-Amazon can and will move the needle -Seller Central is projected to happen in Q3 as well which IMO will significantly drive our revenue numbers up by A LOT.
Question: We’ve had a last minute submission from the $NTAR channel What is the status with the spin out companies $TGGL and $ARWY?
Answer (by Evan Gappelberg)
TGGL is moving very quickly past 10K users and will soon hit 20K and then 100K...the goal is to create a community of 3D designers with millions of TGGL users and generate millions of MRR/ARR...we think this is happening now...but it is a journey! ARWY is continuing to win over pilot programs and I believe that we will see a breakout customer shortly.
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