Nextech3D.AI Corporation (NEXCF) Earnings Call Transcript & Summary

Well, good afternoon or good morning, depending on where you are around the world. I'm Steve Darling from Proactive. I welcome you to another live stream event, this time joining us will be Nextech3D.AI. Lots of news up from the company today, lots of stuff to talk about over the next little while. We've got some demonstrations for you as well. But right now, I'd like to bring in the man who sort of leads the team, and that's Evan Gappelberg, he's the CEO of Nextech3D.AI. And Evan, it's always great to have you along. How are you doing today?

I'm doing great. Great to see you, Steve.

Yes. Great to see you as well. Now we're going to talk about products. We're going to bring in Hareesh Achi, your Head of Production in just a couple of minutes, to talk about some really unique and special things the company is doing as far as 3D modeling is concerned.

But first, we should address the news that you had out today from Nextech, where the company has unveiled what is, in essence, an all-in-one solution for 3D modeling. So let's talk about that first. You've basically taken everything and put it into a pot. Is that accurate?

Well, we've been building all the pieces of the puzzle to create an all-in-one 3D modeling platform for the last couple of years. And today's news really speaks to this all-in-one solution that we're building on the Toggle platform, which we're going to demonstrate for our shareholders shortly. But, the bottom line is that we have a Content Management System or essentially a 3D cloud-based storage system, a platform where you could see your 3D models, it has data, it has analytics. Again, I'm going to demo this in a minute. We also have Toggle, which has expanded generative AI capabilities. And we have our 3D search engine. And then we have our CAD, again, which is on Toggle. So all of these pieces to the 3D puzzle exist in Nextech. But now what we're doing is we're putting them all together in one end-to-end platform. And the reason we're doing this, Steve, is that the customers, I'm talking to enterprise customers are asking for this. We're seeing demand from a blue chip, S&P 500 companies that are coming to us and saying, "Hey, we have thousands of CAD files we want to convert, and we want you to store those CAD files once they've been converted into 3D models, and we want to continuously update and annotate and publish these. And we really want you to do all of it for us, and that requires us to kind of merge our technologies into one, really all-in-one platform. And we think that we are the only company doing this, the only company that really can do it. And it is an exciting development for us, and we think this is going to really lead towards rapid growth in our business because, again, the big S&P 500 companies are coming to us and they're asking for it.

And Evan, the platform had always been built this way, right, that everything would be seamlessly working together the idea. But the ability to do things faster within the modeling has allowed Toggle 3D, in order to take its capabilities and beat that up as well. Is that sort of accurate in the way I'm describing it?

Well, I mean, Toggle was and is a generative AI texturing platform. That's how it started. That's how it formed. It was really for texturing. And you could bring a CAD file there and then you could texture it with leather, with materials. It could be really almost any material under the sun. But the concept of having a CAD file and being able to material -- put the material on it, it really is only one piece of the 3D model journey. And again, what we're building is an end-to-end solution, which means the product photography studio, so you could take pictures of 3D models that are photo realistic, creating the 3D model, texturing the 3D model, storing the 3D model, annotating, which means rapid prototyping, changing the 3D model. All of those things are separate use cases and nobody's actually built a platform that does all of that in a frictionless, seamless no code way where it's point and click technology, what anybody can use it. We're the first company that is doing this in the industry. And the reason why we're doing that, I mean, we did have the vision, yes, Steve. But, it's a lot of work to actually put all these technologies together and make them play well together. And we like to follow our customers' lead. So our customers literally dictate, right? Because in the end, if we can't sell it to somebody, what are we building, right? And believe me, we've built stuff. We have a whole closet filled with stuff that we've built, that the customer never actually showed up for. So maybe they will in the future, but they haven't. So the point is, is that we kind of let the customer come to us and tell us, this is what we want. And so we had the vision, we built all the tech. We were kind of using our technology in-house to create the 3D models, of course. But now we're moving to a stage in our growth, where we're going to be able to license our technology to S&P 500 companies where they will be able to manage their own 3D models and they will be able to texture their own 3D models. And we will be there to support them if they need white glove service, we will always be there. But the point is, is that we see massive growth opportunities. There's multiple 6-figure deals that we're negotiating, 6-figure annually deals that we're negotiating. And because of that, we're building all this technology and merging it into one platform.

Yes. Someone brings up NVIDIA and just about the competitors, are people watching what you're doing. And I know you've recently announced patents and the importance of having patents. And maybe you can talk sort of about the protection of the intellectual property.

Yes. So it is funny that people bring up NVIDIA in the same conversation...

Well, they're a big one right? They're big.

No, they're big, but they do something completely different.

I know.

Completely different. So NVIDIA, it's GPUs, right? It's hardware. We're software. It's not the same thing, right? We use their GPUs, we use their chips and their technology to create our technology, so that our platforms could run fast, right? But we're not competitors, right? So we work in the same ecosystem. And back to our patents, yes, we have 2 patents recently that have been approved, another 7 in the pipeline that are patent pending. And the last patent that we received was for 2D to 3D. And it's a big deal, and it uses AI and we see these patents as pivotal because it builds a moat around our business. And when we sit down and we talk to -- and I'm doing and negotiating personally, Fortune 500 companies, and we talk about our patented 3D modeling technology. It really does separate us from the pack and it gives us really some credibility when we sit at the table with them because they don't want to take big risks. They want to work with companies that they feel they can grow with and they have a lot to lose. So when you bring patented technology to the table, it gives them a level of confidence that other 3D models, just can't deliver on because they don't have the patents that we do. So yes, it was a good move for us to file those patents years ago, and now we have them. So it's exciting.

Just before we get to the tech part, obviously, people you mentioned that you're working on a number of deals and people are asking about that and announcements and stuff. I know you can't announce what you're working on. But -- just some comments on -- people are asking the question about revenue coming to the company. You have announced a few deals in the last little while I think.

Yes. So, sure. I'll speak to that, in general terms. So, last year, we announced -- actually, this year, we announced that we did about $5 million in revenue for 2023. We expect that number to grow in 2024. But let's be crystal clear. We've brought this up many, many times to our investors. Not sure that they understand that the 1,000-pound gorilla for Nextech has been Amazon and it still is Amazon. So without Amazon opening up Seller Central, which is the proverbial flood gates, our business hums along, but it's not at the same level, as if the floodgates were open. I did think the floodgates were going to open in 2023. I did think that Amazon was going to open Seller Central, they didn't as of yet, but it is happening and it is going to turn things into, I believe, a very rapidly growing business for us. We're continuing to evolve our technology so that when they do open the floodgates, we're actually ready and able to deliver. So we're preparing for it. We deliver models to Amazon on a weekly basis. We have a great relationship with them, but we don't control Amazon, they decide, it's their schedule. And so we're waiting patiently. And when it does open up, it is going to, in my opinion, change Nextech's valuation and our business. So until then, though, our business grows, but it's not going to be exponential until that opens. Even these big Fortune 500 deals that we're talking about, just to put it into perspective, they are significant. They're -- but one of these deals is not -- even if you had 10 of these deals, it's not equal to Amazon. It's just hard to explain how big Amazon is in this whole e-com ecosystem. But, the reality is for Nextech is that where we are right now, we've streamlined our company, reduced our expenses, pivoted our operations to India, where Hareesh has done a phenomenal job setting up our business in India. And now we're positioned as a low-cost, high-volume, generative AI, 3D modeling company, but it's not just 3D modeling. We're bringing on virtual photography. We're bringing on the ability to see your product in your room using augmented reality. We have a decorator. We have a configurator. We have all kinds of technologies. We're even working with companies on virtual try-on, so that you could try on jewelry. And then Toggle has all this texturing capability. So there's really a lot of technology that we control and that we're starting to sell to big companies. But again, in terms of our revenue, it's still largely going to be driven by Amazon, and I don't see that changing really in the near future. So that's really where we're at.

Okay. And so, we will ask, why aren't they doing it yet? And I don't think they answer to you. So that's a checklist for Amazon, I think.

Well, yes, it's a checklist for Amazon. I could tell you what we're being told in general terms is that they are trying to work out the wrinkles in their business to make it perfect. And that's pretty much it. So they're just working hard to try and create a seamless experience for their sellers, on Seller Central. And until they feel confident and comfortable, and it's nothing to do with us, it's 100% on them, to their business. And we're not the only 3D model supplier. There's over a dozen. And so until they're confident and comfortable, it's not going to happen, no matter how much we all want it to happen. So my belief, though, is that it is going to happen. I'm convinced it's going to happen. I thought it was going to happen in 2023. I still am convinced it's going to happen. But clearly, it's not happening on my schedule.

Okay. All right. Let's get to the technology because we want to bring Hareesh here in a little bit. But I know -- I'm going to put your screen up here because we wanted to talk about some of the technology. So I'll let you take it away and talk to me a bit about what we're seeing here.

Yes. I just wanted to show our investors. This is our portal. This is our 3D cloud essentially. There are some new things in here, but there's a lot of different products that we create. I'm just going to pull up this. This is just one that I'm pulling up randomly. It's the -- I play a lot of ping pong. I don't know if anyone here is a ping pong fanatic, but I love ping pong, pretty good at ping pong. But here's a 3D model of a ping pong racket that we create for our customers. And you could see this ping pong racket. And over here, you have the reference photos. So these are the pictures. You could see this 1, 2, 3, 4, 5 pictures, 6 pictures, 7 pictures that we were given and then we're able to create this paddle. Now I'm going to take a picture. This is something new. This is AI doing its magic. So here's the ...

Evan, just make your screen full screen, if you can, that make that full screen just so we can get a little bit -- that's better. Thank you.

Yes, Okay. Thanks, Steve. So I'm just going to -- so here's the racket. I'm just going to take a picture of it using this -- you see the snapshot here. So I just took the picture. It's now stored on my computer. I don't know if you could see it. Can you see that?

Yes.

Yes. So it's just there it is. And that was super simple. This is 4K incredible, incredible picture. I think I might have just popped out of -- back. Can you see my screen?

Yes, we can still see your screen. Yes. We just can't see that picture because it's on a different screen, but we get what you're trying to say. Yes.

Okay. Perfect. So I'm going to go back at the products. And I'm going to -- I mean, look, there's so many products here. So here's a Sony, this is a wireless rose gold headset that's being pulled up. So you can imagine that our customers are able to come in here, this is their back end, and they're able to see their products. So here's a pair of a headset. Again, I'm going to take a picture of the headset, just by clicking this button right here, I'm going to actually zoom in. So look at the -- you could see like the picture quality, okay. So that's the picture I want to take. I want to take like a zoomed in one. Boom just took the picture, I'm going to just show it up again and then on my screen will pop out. Can you see that? Steve?

Yes. We can't see the picture itself, but we can -- because it's on a different screen, but...

Oh, you can't see the picture itself. Okay. That's what I was asking.

It is that you've taken a picture of what you're seeing on the screen, correct?

Yes, exactly. Exactly. Okay. So yes, I just can't share it here. So I'm going to go back into the products. You could see there's gaming chairs, there's couches, there's all kinds of -- here's another one that's interesting. And so all of this is happening in our 3D cloud, here's a desk. And let's take a look at the reference for this is actually a pretty nice desk. It looks almost like marble. And so here's the reference photos, here it is over there. And a lot of this is Hareesh is going to show the AI. So this now -- and you see the measurements that are included. And so if you want to see this in your space, our investors that are watching, you see the QR code that I just popped on to the screen there, that you can see, you take out your phone, you hold that up to the screen and you're able to pull that desk that's on my screen, out of the computer and put it into the room with you. And that's pretty magical, when you're trying to figure out is this going to fit in my home office kind of thing. So that's the benefit of augmented reality. Now beyond this, we have reports ...

I'll just say I'm doing -- actually doing it right now. It's like literally sitting -- I got my phone up, it's literally sitting right beside me on the desk here.

Yes. So there it is.

That's cool.

It's -- yes, it's super cool, super useful. And I was talking to a friend yesterday, who was trying to figure out like a booth, which fit in their store and they literally grabbed it off of Amazon and superimposed in the store to see if it would fit. And so this is being used all over the globe. So this is a dashboard, again, for our customers to be able to go in. This is going back to April of last year. So this is 1 year. And you're seeing interaction -- downloads actually an interaction of the 3D models. And you can see they're quite active on a daily basis. One of the top models is a soft tail electric mountain bike which, by the way, is on our website, you could find this on the Nextech3D.AI website. This is an e-bike and just going to show you the e-bike, there it is. And you can see the quality of that bike. And this, again, would be your content management system. So lots and lots of features, functionality, you could imagine when you have thousands of products and you want to search, you could search for couch, you could put in an actual product number. There's all kinds of different ways to search using this. Here's a 3-seater cushion, accent chair, artwork, beauty products, beds.

We're sort of on the -- we're on the dial still. We're on the category breakdown?

You're saying...

Yes, you've got to move your screen.

Okay.

Yes, we're seeing sort of -- it looks like it's frozen actually.

Oh, there it is, yes. Okay. Let's -- you can pop out of this and go to Hareesh's screens, since he's got plenty to show.

Well, the idea behind this is that it's very, very -- it's a lot of content. The content is being added as you go, right?

Yes. There's a ton of content. There's tens of thousands of 3D models, living on that platform for our customers and up until now, back to the all-in-one solution, we, meaning Nextech has been using this platform and managing it for our customers. We are going to be turning the platform towards our customers. So it will be customer-facing. I mean they do go in and out of it now. But what we're doing is we're going to license the platform to our customers and really let them have total control over their own 3D models and be able to use it for their own use cases autonomously. And that's the business that we really are moving towards with these S&P 500 companies, with the bigger players. With the e-commerce business with Amazon, it's still going to be the same, where people come to us and they ask us to make them 100 3D models or 1,000 3D models. And we'll do that for them every day of the week. So -- but with that, I think it's a good time, a good segue to bring in Hareesh.

Let's bring him in, he's the Head of Product operations. Hareesh Achi is joining us as well. Hareesh nice to see you again. How are you?

Nice to see you Steve, I'm doing well.

How did Evan do on that presentation, not bad?

Not bad. So it's a like see all the CMS, how they activity we have seen, the models that are deployed on customer side, and you can see those spikes happening and how active our models are being used.

Yes. Well, a lot of people like, we didn't see Evan's bike, and that's because it froze on us. So there you go. So let's...

Yes, it is on his other browser, and it was not showing up...

Exactly. But yes, this all-in-one solution that Evan has been talking about. I know you had a big part in that as well. It's pretty exciting, we think, for the company.

It is very exciting time, Steve. I think it's great to have all this technology as Evan was sharing. We have a lot of technology in the company. It's about now. I think we are trying to making sure that we are building a customer-centric and a one-stop, end-to-end 3D AI engine, for our customers. So anyone who thinks of 3D, we want those customers to think of Nextech and see that they can come in, create the models, texture a model, if they have their model, they can upload it and re-texture and even photography that you saw. So we got good amount of end-to-end technology as a one-stop shop for all our customers across various industries, right, not just e-commerce, anyone with packaged goods, CPG, anyone can come in and use it.

Nice. Well, let's talk a little bit about what you have to show us. I'm going to pop your screen up here and then -- and take us through. I know you've got some exciting things that some more technology you want to share with everyone. So I'll let you take...

Yes. I'm super excited to show this, we are going to introduce 3D mesh. I think we -- as Evan was sharing a lot of mesh technology, 3D models that we have created over the years. And so we are leveraging that to enable that 3D mesh. You have seen our AI search algorithm. So some of the AI mesh search algorithms, we are bringing into this Toggle platform now. So let me play this video, and I will give some voice over behind it. So 2 new features. We are getting in AI text search and image search into Toggle itself. So you can search models, you can see all our almost 200,000 variety of models in different segments we have. You just search for it, type recliner, and you see all the recliner 3D models we have that you can purchase, texture it differently. Shoe, type shoe, we got that. Chairs, furniture, any type of categories that you are thinking of, we have it. We can even do image search. So you upload an image that you have and say, "Hey, I'm looking for something like this and then you say search and you get those 3D of those chairs as well that you can purchase. So we now have opportunity to purchase as well. You can look in detail before purchasing the model. And then say, "All right, this looks cool," then you add it into your cart and purchase it. So then it's available in your Toggle platform itself, and you can then modify it, use it, take pictures, different colors. You can add more colors as well. And you can buy more products as well and all-in-one checkout pages. So it became like a more seamless experience for our customers to just use and then all the -- whatever they purchased are shown in their content library. Again, that's what Evan was talking about. We are building that end-to-end Content Library kind of systems. So users can -- it's a one-stop shop, they come in, they look at, purchase if they don't have, if they have one, and then they start using it, texturing it, taking me majors, how they want. Now...

Hareesh, just before we jump into the jewelry, I just want to stress for our investors that what Hareesh just showed on screen, it went by pretty fast, but there was a lot going on. There was computer vision. There was AI. There was image recognition, there was a marketplace where you could buy 3D models. We've never had that before where you can actually purchase a 3D model. So we have, as Hareesh mentioned, 200,000 models. This is a marketplace. That's a lot of models, by the way, and it's growing daily. So now we're offering on the Toggle platform a 3D model that you could purchase. And then once you purchase it on Toggle, you could change it, right? So you get -- you could buy a shoe or buy a couch or buy a chair and then you want to change it, to look a little different, that's what Toggle does, right? So you could turn a blue chair into a white chair, into a red chair, changing the texture and you own that 3D model. So you can come in and a lot of people do come into Toggle without a 3D model. Purchase one from us, change the texture and then leave with something net new that you just created, which is quite exciting. We also use this in-house for our -- as a search engine. So we've talked about this before. As part of our production, we use existing 3D models to put us on the 50-yard line or 60-yard line or 70-yard line, where we're already -- we already have most of what we need to deliver the 3D model. And that saves us a lot of time and time -- bottom line -- with time is it's money for us. And so this is a new technology that -- and really new business opportunities for us that we're super excited about. And when is this actually going live for people to be able to purchase Hareesh, the 3D models?

In another 2 weeks, Evan.

2 weeks, okay. So we use it on the back end now, in the next 2 weeks, we'll be announcing -- we put on another press release, Steve, announcing this is all live now. So I just wanted to make clear for our investors, and then we could jump into the jewelry, which is -- we've also talked about that, that's a new avenue of growth for us, which Hareesh is going to demo and talk about...

Okay. Hareesh take it away.

Yes. So Jewelry, I think like similar to all the mesh search and AI search that we are doing, obviously, jewelry is a big market where obviously, new jewelry designs are made every day, and customers want new designs. And our jewelry designers and the jewelry companies, they come in and they have a lot of their 3D models. So this is like a 3D model of the jewelry ring that has been created from one of our customers. And they could easily upload this. And jewelry, like this is pure gold one right now. But if you wanted to change it to silver, I think it's as simple right, and I can with one model, now they can even do multiple areas. And this is where our search engine also comes in, like you can say, "Oh, I just want to make it silver and say, you've got metals, right, and you say, all right, you've got all the metals. And then I can say silver clear, they can go and select which one matches to my need, shiny or different types of silver that I have metallic and all those things. So I can -- even this model, I can even do like select all and then say, okay, I want it about this silver applying that. So now you can see, it's as simple as that. Now I could change this into a platinum/silver kind of ring. And then now what we are going to do is we have photography also available through this. So you can start taking photography that will be available here. You can share, embed, you can get a embed code, you can share, enable access and make it available to anyone. You can publish to self sketch web as well within our tool. So it's changing the texture, once you get the 3D model. Like if you don't have a 3D model, that's fine. We have, as we were just showing a lot of mesh -- search capabilities -- AI search capabilities and we got that. And I think even if you have a different model, like I was searching a text, I can even do an image search, where similar to the one I was showing in the video, you can upload an image and then select, I want this color of that image, what that's in the image, and that will be applied to the model as well. So you have a lot of combinations and you can see our library of categories that we have here, you have fabric, you have [indiscernible] metal, you have paving stones, you have marble, you have concrete, materials like rocks, whatever, the wood. So we can show multiple levels of material, and we are constantly adding more material into this as well. So users when they come in, have a lot more options...

Can you click on the glass, Hareesh, can you change this to like a glass ring?

Yes.

I just saw it was like -- I'm thinking that could be cool. I see glass in there. It's like -- no, it's like the 6 1. Yes, there it is.

Yes. So let me ...

Try the first one, that's like a mirror.

Yes. So, again, this is where I think it becomes like -- it shows that gray scale, but when you print it, that's where in our [indiscernible] can show transparent, right, to show us on the portal, it will show in the gray scale but it is transparent in the back.

Okay. Can you -- what is the glass, the other one on the left, yes, that one...

Just moderate dark metallic shine. So you can see here how the metallic shine is coming up. So it's more shine wise, you can see how shiny kind of those elements that you can add in as well.

Yes. So super cool. So when you think about prototyping, right, you're making something net new for a customer, here's a way for you to show them different options, ask them which one they like before you actually go into production. So again, for manufacturers, we're working with a number of manufacturers today where they want to use this platform, load their CAD files on and then change the color to either shiny, silver, gold, rose gold and then use our photography studio to take 4K photorealistic pictures. And then they presell the product, before they actually even go to production, right, because the quality of the pictures are so good that the customer sees the picture and says, I want to buy it or no, I'm not interested. So...

So Evan, before -- would you use this just for a -- like for a manufacturer to produce a number of these? Or could it even go down to the granular level of someone going to pick out an engagement ring and say, "Well, I really want -- I like this ring, but I want this, this and this. Can we go down to that...

Yes. I think all scenarios are available, applicable, right, Steve. I think for manufacturers, it's a great thing to sell to the redistributors and say, "Hey, here is the model and which one is the most sellable thing and kind of that market research product market fit, they can go after and manufacturers, especially in the jewelry industry, have a lot more designs that they can show to the clients, and this enables -- it's not like a catalog, you can print and mail them and everything. Now it's a very simple, click off a link and you can get to see the full catalog of a manufacturer. And individual users, I think like once you get to the resellers like you have Tiffany's or one of those, some of those, they can offer this to their clients and say, "Oh, we have customization, how you want to color it?" And like it could be Super Bowl rings that they are trying to build up and they can try to see the logos of the winning team, for example, right, and say, okay, I want my -- like -- that's what I was trying to show here, like you can sell it to your own colors, and you can even put the head score. So it's not necessary that we use an existing texture that we have or anything you can pick up whatever you have your own branding logo guidelines, you can use it as well.

Click off the link. What happens if you -- are you able to just turn it red?

Yes. No.

So, while he's playing around with that. I mean if you think about manufacturers, and you think about all the different products that are being manufactured across the world. This tool is a very, very powerful tool for them where as you're seeing, Hareesh, he's not a graphic designer, he's pointing and clicking and changing the colors, right, and changing the textures. And that is generative AI, that is not something that just happens. That's -- there's algorithms that we've built. And this is really the latest and greatest technology for 3D, and we're getting a lot of inbound demand gen from manufacturers that are seeing this. We're demoing it. And they're saying, "I want it." And they are asking us to tweak certain things because everybody wants something a low custom for their particular use case, but we're able to because we're a technology company. So Hareesh goes back to the team, we make something custom that they want and then -- so -- but it takes a couple of weeks. Ultimately, it takes 30, 60 days, Steve. But the point is, is we're in negotiations now with multiple enterprise accounts that are looking at this technology and each one of these enterprise accounts are anywhere from $100,000 to $750,000 a year in annual revenue for us. And this is really just the tip of the iceberg. I mean we're only talking to a handful. And really the idea is, is that we're creating a platform where anybody is going to be able to load their own textures onto the platform. So their own custom textures will be able to be loaded on and they will be able to manage the platform and create all this content on their side without our -- all we're going to do is basically license them the tech, maybe create some custom features. But really our goal is just to be a technology software company, that doesn't actually produce 3D models, we give you the tools to produce your own.

Yes. So the data is already in and nobody likes this ring. The red is -- just that you know we got that data in already. Hareesh I want to -- so if it's a manufacturer or a company that's producing a lot of this data would go back, they'd be able to access the data as well, right? Because that data can be really important to a company that's producing a number of different things like rings or jewelry, whatever.

That's correct, exactly Steve, that analytic that we capture. It's one thing is, yes, creating providing tools into this one. But the other piece is [indiscernible] that goes behind it, which is most viewed, which is most downloaded, which is more accessed, spent more time. Like this one now, we spent almost 15 -- 10 to15 minutes on this one. We even track that analytics to that level. So that goes a lot into retailers or any of the manufacturers or distributors or whoever using this platform to understand user behaviors as well. So that is also what we have. So eventually, that's where -- as we increase our client base, as we increase even we have now already have 200,000 and you saw the bar chart that Evan was showing earlier, you see those are some of the analytics that we have, and that's the data is very valuable to our customers. We'll take unique decisions based on that.

Yes. Imagine the day, Hareesh, when we have 200 million 3D models on our platform because everybody in the world is creating. That's when things go viral when everybody becomes a creator right now, we're doing creation, and there's a limit to what we can do. But the goal here is to turn the technology over to manufacturers, let them use it. And then we're going to see the platform really proliferate. And this is happening over the next couple of weeks. As Hareesh said, we're launching the next generation in 2 weeks. And then we have more tech that we're building. So check out the additional jewelry pieces maybe we'll get a buyer in our studio audience, maybe someone wants to buy jewelry.

I would like to -- well, that's learning. I'll show you one thing as well, like some sneak peek into our future technology that we are still -- I think this is also coming soon that I want to show. AI photography that you talked a lot about. So let me show you this one. Can you guess that image is AI rendered? We have a 3D model of that chair and then we use the 3D model to render it...

Yes. It looks very, very photo realistic. It looks amazing.

Exactly. So we can -- this is also the click of a button. And that's -- this is another feature that's coming into the Toggle platform as well. So the same ring that we have seen just now, let me show do that, as well...

Yes, this is product photography, again, for people that are looking. Product photography is a huge, huge pain point, everybody that makes anything, have a whole photography studio. This eliminates that need back to the all-in-one solution. You got your 3D model, you've got your product photography, all-in-one.

Exactly. And I think that's -- and it's all a click of a button within the system. It's AI rendered and it comes in. And those are some of the cool pictures that...

Look at those pictures, I mean, Honestly, it's impressive. I'm kind of blown away...

That's very good. It's very good, very realistic.

And this was -- I was showing -- doing more demos, but that's the same. That's why that picture of the earrings came from this model, let me follow up here to this model level, obviously the change in color [indiscernible] because of different models and are showing in various demos. But that is where with this model itself, we got this picture generated out of that. And we texture it into the gold and then click of button it fits in into the image as well, that we can. So these are the ones, as I said, we can texture whatever color you want are showing, but that's the same one that we used and created in full gold and generated an AI rendered image.

I mean it's hard to believe that, that is made by an AI algorithm. Like there's no shutter. There's no like actual light. There's no lens like it's an AI algorithm. I want our investors to try and wrap their heads around it because it's not easy to understand what you're looking at. This is not product photography in the traditional sense. There's no camera. There's no lens, right? It's different. And it looks real. That's the thing, right? It looks like something -- yes. So we think that there's an enormous, enormous market for product photography. And in fact, when you buy 3D models from Nextech now, we include some product photography with the 3D model. That's something new that we're offering now. And so we're seeing our customers, like I was on with one of our customers the other day, existing customer. They've bought 100 3D models, and we were talking about the product photography and I was like we included and they just signed up for 1,000 new 3D models. And with that, they get 4,000 photos included. So that was a very big reason why they were excited to sign up for even more 3D models because the product photography piece is a pain point for them. And we're seeing that every conversation I have with anyone in e-commerce. I mean just think it through, you have a product, you have to take pictures, load those pictures. We do all that with a 3D model, it's one and done. And that's very, very beneficial, saves a lot of money for our e-commerce businesses that we supply 3D models to.

Yes, makes a lot of sense. Hareesh, great update is always very interesting. Lots of good technology from you. Really appreciate your time. Good to see you.

Yes. [indiscernible] lots of technology, lots more coming, lots more in the pipeline. We are constantly and every day, working hard to improve and they better and deliver great value and experience to our customers.

Thanks Hareesh.

There is Hareesh Achi, heading along this way. All right, Evan, come to that time. We're running a little short of time here, so I thought I'd give you an opportunity just to have some final thoughts on the technology that we saw today and, yes, really is you stress it a lot, you're a technology company, and that's the key to this whole thing.

Yes. I mean are there any questions, Steve, that you think are worth addressing or...

I mean there's a lot of questions around revenue. And I know you've addressed revenue already. I know you can't sort of -- what's the revenue going to be this year? I don't think you can really address that as what people are hoping, that they would like to say because obviously, there's rules around that, rules around and other exchanges coming. It's the usual things that we kind of get. So I think that you addressed all of that.

Yes. So I would leave our investors with this is that -- as an investor, you should know what you're investing in. You're investing in an AI company that uses AI to make 3D models and other technologies within that same ecosystem for different industries, primarily focused on the e-commerce market. We see increased demand for 3D content, across the globe. Whether it's virtual reality, augmented reality, gaming, e-commerce, digital entertainment, there is growing demand for high-quality 3D content. And our AI is helping us to automate the process of creating 3D models faster and cheaper to meet the demand. If you look at our AI, we have advanced AI technology, which we have patented, that is a big deal. We've made significant investment into patenting our technology and by leveraging AI and 3D modeling, we actually believe that we can be the leaders in this space. We've reduced our cost by pivoting to India. And historically, traditional 3D modeling is very time consuming, labor intensive. Again, our AI allows us to automate repetitive tasks and save time and ultimately increase our profit margins. If you look at industries, we're seeing on the Toggle platform, specifically architecture automotive, healthcare, fashion, advertising, there's a broad, broad application and broad demand for these 3D models and product photography. And again, we think we have a competitive edge in the market with our patented technology with our AI technology. We've spent massive amounts of time and money building this technology, we're seeing the demand. It takes time to monetize technology companies. They don't just explode in a day. It takes a little bit of time for the market to mature, which is happening. Even if we think about Amazon not opening Seller Central yet, that's an indication about how early we are in this growth curve. Once they open Seller Central, that's really the first inning. We are out there hunting before the game even has really begun because without Amazon, really opening Seller Central there's nothing that's going to move the needle in a significant, significant way. There's definitely business out there. Don't misunderstand what I'm saying. It's just that until [indiscernible] opens up it's still -- the market is still just forming. And if you think about it from Amazon's perspective, they have the long-term vision. They're not thinking 4 weeks, they're not thinking 4 days. What's my stock doing? They're thinking 40 years. That's what they're thinking. What's going to happen over the next 4 years, 10 years, 40 years? And that's what they're building their business for, and that's why they keep winning. And so if you think about Nextech, think about us maybe 40 years is a stretch, but think about us in terms of maybe the next 4 quarters as opposed to the next 4 days or 4 weeks.

All right. Evan, we'll leave it there. Thanks very much. Good to see you again. It's always a pleasure to have you along and I really appreciate the insight and bringing the team and also showing everyone a little bit more about the technology because I know that that's key to the whole business. So I appreciate your time. Thank you.

Thank you, Steve.

All right. There is Evan Gappelberg. He is the CEO of Nextech3D.AI. And again, thanks, Hareesh Achi, as well for joining us. And I'm Steve Darling with Proactive. Thanks again for joining us for another live stream event. We look forward to our next time together, and we'll see you down the road.