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Nextech3d AI (Nextech3d AI) Gross Profit : $1.07 Mil (TTM As of Mar. 2024)


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What is Nextech3d AI Gross Profit?

Nextech3d AI's gross profit for the three months ended in Mar. 2024 was $0.39 Mil. Nextech3d AI's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1.07 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nextech3d AI's gross profit for the three months ended in Mar. 2024 was $0.39 Mil. Nextech3d AI's Revenue for the three months ended in Mar. 2024 was $0.76 Mil. Therefore, Nextech3d AI's Gross Margin % for the quarter that ended in Mar. 2024 was 51.39%.

Nextech3d AI had a gross margin of 51.39% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 6 years, the highest Gross Margin % of Nextech3d AI was 55.70%. The lowest was 27.94%. And the median was 48.80%.


Nextech3d AI Gross Profit Historical Data

The historical data trend for Nextech3d AI's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nextech3d AI Gross Profit Chart

Nextech3d AI Annual Data
Trend May18 May19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 0.73 7.69 1.46 1.20 1.08

Nextech3d AI Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.40 0.11 0.18 0.39

Competitive Comparison of Nextech3d AI's Gross Profit

For the Internet Retail subindustry, Nextech3d AI's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nextech3d AI's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nextech3d AI's Gross Profit distribution charts can be found below:

* The bar in red indicates where Nextech3d AI's Gross Profit falls into.



Nextech3d AI Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Nextech3d AI's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=3.751 - 2.672
=1.08

Nextech3d AI's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=0.757 - 0.368
=0.39

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.07 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Nextech3d AI's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.39 / 0.757
=51.39 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Nextech3d AI  (OTCPK:NEXCF) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Nextech3d AI had a gross margin of 51.39% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Nextech3d AI Gross Profit Related Terms

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Nextech3d AI (Nextech3d AI) Business Description

Traded in Other Exchanges
Address
Toronto Rpo Royal Bank Plaza, Po Box 64039, Toronto, ON, CAN, M5J 2T6
Nextech3d AI Corp is a diversified technology company that leverages proprietary artificial intelligence (AI) to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other e-commerce retailers. The company develops and acquires disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a ownership stake in the public spin-out.