Evan Gappelberg

Nextech3D.ai Shows Strong Financial Discipline in Fiscal Year 2026

• Top takeaway Evan Gappelberg argues Nextech3D.ai's Q4 fiscal 2026 results — 216% year-over-year revenue growth, gross margins above 90%, and a 96% improvement in operating loss — mark a step change for the company.
• He claims revenue more than doubling from Q3 to Q4 shows compounding momentum that is a signal the business model is working, not a one-off.
• His thesis is that relationships with major brand-name enterprise customers and a multimillion-dollar enterprise pipeline are taking the company into a new phase of growth.
• He says newly hired Cvent enterprise sales executives, who collectively managed over $100 million in business, are shifting the pipeline from $3,000-$10,000 deals to $100,000-plus and multi-million-dollar deals.
• He describes AI as the company's 'secret weapon', used to cut headcount dramatically and support the move to 90%-plus gross margins.

CEO Evan Gappelberg says Q4 revenue grew 216% year-over-year and more than doubled sequentially, with gross margins above 90%. The CEO attributes the turnaround to a 2024 restructuring: smaller headcount, an operating loss improved 96% year-over-year, and a stronger balance sheet. Management argues blue-chip clients like Google, Microsoft, and Deloitte validate the business because large enterprises vet vendors before choosing long-term partners. New enterprise sales hires from event-tech firm Cvent bring client relationships that the CEO says are shifting the pipeline toward $100,000-plus deals. The interview's figures are management claims; the company still posts operating losses despite the 96% year-over-year operating-loss improvement.

Nextech3D.ai is Now Self-Funding, Sees Jump In Enterprise Deal Sizes

• Top takeaway Gappelberg calls the stock "stupidly cheap" — a phrase he borrows from Bill Ackman's Fannie Mae call — and says that is why he keeps buying shares in the open market.
• He argues existing shareholders misread the business because they watch the share price rather than operations, and says he wanted investors to know things are actually good and improving.
• On sustainability of the cash-flow swing, he credits both larger enterprise deal sizes and AI-driven cost reduction, but frames the result as two years of work rather than a one-day change.
• He separates the milestone from profitability: cash-flow positive is the first step, and the stated focus now is scaling the business and growing the top line to become a profitable company.
• He pushes back on CEOs he sees talking about futures that never arrive, pointing to his appearances on the show over several years covering the turnaround, cash-flow positivity and enterprise signings as evidence of his own track record.

Nextech3D.ai says it turned cash-flow positive as of May 1, closing a two-year effort to cut costs and scale revenue. The CEO credits bigger enterprise deal sizes plus AI-driven efficiency that cut its headcount by 25%. About $400,000 in annual savings from that headcount cut was what pushed the company past breakeven. He frames the milestone as removing dilution risk, though the company's financials have not been published yet. New wins include Deloitte, JLL and the U.S. Army, sold through three consolidated brands: EventX, MapD and Crafty Labs.