Latest news with #Nixxy
Yahoo
6 days ago
- Business
- Yahoo
Nixxy acquires Leadnova.ai platform assets from NexGenAI
Nixxy (NIXX) announced the acquisition of the platform assets from the NexGenAI suite of companies. Nixxy also reported that it generated approximately $5.2M in unaudited gross revenue for the month of May up from approximately $1.4M in April. is a SaaS-based solution designed to support business development through data delivery, sales enablement, outreach automation, and engagement analytics. As part of the asset acquisition, Nixxy will take ownership of the domain, front-end and back-end software, automation engines, structured data repositories, and API infrastructure. The integration of into Nixxy's AuralinkAI platform is expected to accelerate Nixxy's AI-enhanced telecom strategy and enable more intelligent, performance-driven enterprise communication services. Nixxy generated gross revenues of approximately $5.2M in May 2025, representing continued traction in its growth and expansion strategy. With additional customer agreements and infrastructure now coming online, Nixxy continues to target a $10M monthly revenue run rate by August 2025, contingent on continued execution and successful onboarding of new partners. Nixxy announced the pricing of a registered direct offering for the sale and issuance of up to 846,667 shares of the Company's common stock to a small group of accredited investors at a price per share of $1.50. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on NIXX: Disclaimer & DisclosureReport an Issue Nixxy Reports $1.39M Q1 Revenue Amid AI Pivot Nixxy reports Q1 EPS (30c) vs. (40c) last year Nixxy Delays Q1 2025 Financial Report Filing Nixxy Appoints Mike Schmidt as New CEO Nixxy appoints Mike Schmidt as CEO
Associated Press
23-05-2025
- Business
- Associated Press
Nixxy Reports Over $1.39M in Q1 Revenue Following Strategic Pivot to AI Communications Infrastructure
Strong April and Forecasted May Growth Underscore Early Success in AI-Driven Strategy NEW YORK, NY / ACCESS Newswire / May 23, 2025 / Nixxy, Inc. (NASDAQ:NIXX) ('Nixxy' or the 'Company'), an AI-driven data communications company, announced that for its first quarter under its newly adopted business strategy (ended March 31, 2025), it recorded over $1.39 million in revenue, as disclosed in its recently filed 10-Q with the SEC. This strong start marks a turning point in the Company's transformation as it pivots into AI-powered infrastructure, platform-based services, and scalable data systems aligned with fast-growing demand in the communications sector. Nixxy's entry into the AI-powered voice and messaging space is backed by targeted acquisitions and a platform strategy designed for speed and scale. With early contract wins already contributing to top-line results, the Company is executing on a roadmap focused on accelerating recurring revenue, optimizing cost structures, and delivering long-term value for shareholders. April 2025 marked Nixxy's first full month of operations under its new model, generating unaudited revenue of approximately $1.4 million. Building on this strong momentum, internal forecasts suggest continued growth in May, with projections indicating that May revenue could potentially double April's results, contingent on timely contract activation and continued execution across its platform. Finalized results will be disclosed in the Company's subsequent 10-Q filing. The Company anticipates continued month over month growth as additional contracts are activated, and AI-driven platforms are scaled and integrated. Nixxy is actively leveraging the AI platforms and contractual assets gained through its recent acquisitions in March and April, providing a scalable foundation for onboarding new traffic and expanding service capacity. These platforms also support a new layer of AI-driven services, such as intelligent call routing, automated settlement optimization, and advanced customer engagement tools, further strengthening Nixxy's competitive position in the market. 'Nixxy is focused on disciplined execution,' said Mike Schmidt, CEO of Nixxy. 'With early revenue traction and a well-defined strategy in place, we're confident in our ability to scale efficiently and deliver sustainable, long-term growth. Our aim is to establish Nixxy as a leader in AI-powered communications infrastructure, serving enterprise, wholesale, and next-generation platforms.' Further updates will be provided as the Company progresses through key execution milestones. Filings and press releases can be found at About Nixxy Nixxy (Nasdaq:NIXX) is committed to transforming traditional markets through cutting-edge technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their operations with innovation, Nixxy unlocks new potential and creates opportunities for transformative growth. The company focuses on sectors poised for digital innovation, leveraging data and technology to disrupt conventional business models and drive progress. Contact Information Investor Contact: Nixxy, Inc. Investor Relations Email: [email protected] Phone: (877) 708-8868 Forward-Looking Statements Disclaimer This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' and 'will,' or similar expressions, are intended to identify forward-looking statements. These statements are based on the Company's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Preliminary Financial Information and Revenue Estimates Any references in this press release to billing activity, platform usage, or forecasted revenues are unaudited, provisional, and derived solely from internal system data, telemetry, and operational logs. These figures do not constitute earned, invoiced, or collectible revenue and may not result in future cash flow. They are operational estimates provided solely for contextual and informational purposes. The Company makes no representation that such activity will result in recognized revenue under GAAP or any applicable accounting standards. These internal models are based on usage metrics and port-level system outputs and, though supported by finalized contracts, invoicing, or payment, may not be recognized. As such, no assurance can be given that any portion of this activity will be billable, collected, or otherwise monetized. Investors should rely exclusively on the Company's audited financial statements and public filings with the SEC when evaluating its financial performance or making investment decisions. No Offer or Solicitation Disclaimer This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Risk Factors Investors should carefully consider the risks associated with the Company's business and the spin-out transaction described herein, including but not limited to: the uncertainty surrounding the timing of the spin-out; the ability to successfully execute acquisitions and integrate acquired companies; the impact of technological changes on the Company's operations; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including those risk factors contained in the Company's Form 10-K for the year ended December 31, 2024. SOURCE: Nixxy, Inc. press release
Associated Press
08-05-2025
- Business
- Associated Press
Nixxy Appoints Mike Schmidt as CEO to Lead Telecom and AI Growth
Schmidt brings 20+ years of experience and M&A leadership to accelerate Nixxy's telecom and AI transformation NEW YORK, NY / ACCESS Newswire / May 8, 2025 / Nixxy, Inc. (NASDAQ:NIXX), a publicly traded technology and communications company, today announced the appointment of Mike Schmidt as its Chief Executive Officer, effective immediately. Mr. Schmidt brings over 20 years of leadership experience in telecommunications, data center infrastructure, and cloud technologies. He has a proven track record of leading corporate transformations and accelerating growth through strategic execution, operational discipline, and a clear focus on value creation. Mr. Schmidt began his career as a founder of one of the first SaaS-based software companies serving the cable telecommunications industry. He went on to lead Uniserve Communications (TSX) as CEO, where he successfully restructured the business and returned it to profitability, positioning it as a national network and data center company. At Teliphone Navigata Westel, he directed M&A strategy, completing seven acquisitions in just 18 months and significantly expanding the company's national and international service offerings. As President of Urban Communications (TSX), Mr. Schmidt rebranded and scaled the company into Urbanfibre, Canada's first provider of 1 Gb fiber-to-the-home service, where he ultimately delivered a successful shareholder exit. Throughout his career, he has consistently driven efficiency, optimized capital allocation, and implemented scalable, next-generation technologies. His ability to lead through complexity and deliver sustainable growth has earned him respect throughout the telecom and technology investment sectors. 'We are thrilled to welcome Mike Schmidt as our new CEO,' said Evan Sohn, Chairman of the Board of Directors of Nixxy, Inc. 'His deep industry knowledge and data-driven approach to leadership make him the ideal executive to guide Nixxy through its next phase of transformation as we scale into a telecom and technology-focused business.' In conjunction with this leadership transition, the Company also wishes to recognize the contributions of Miles Jennings, who has served as interim CEO. Mr. Jennings will transition to lead a division focused on AI-enabled career businesses as its dedicated President to help accelerate its growth and innovation roadmap as the Company prepares for its planned spin-off. 'I'm honored to join Nixxy at such a critical and exciting time,' said Mr. Schmidt. 'The opportunity to help shape the company's evolution into a modern telecom and AI-enabled technology platform is a challenge I welcome, and I look forward to working closely with the board, Miles, and the entire Nixxy team.' His appointment signals a new chapter for Nixxy, as the company positions itself to capture a growing share of the AI-driven telecom and data infrastructure opportunity. An investor update outlining Q2 strategic progress, product roadmap, and financial outlook is expected later this quarter. About Nixxy, Inc. Nixxy, Inc. (NASDAQ:NIXX) is a diversified technology and communications company focused on delivering next-generation solutions in telecom, AI-powered platforms, and data infrastructure. With a renewed commitment to innovation and operational scale, the company is expanding its footprint across high-growth markets while continuing to support its legacy business units through focused leadership and strategic execution. Contact Information: Investor Relations [email protected] Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities. Forward-looking statements are based on current expectations, estimates, and projections, and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, market conditions, business execution, integration of new assets, regulatory developments, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' 'may,' 'will,' and similar expressions are intended to identify forward-looking statements, but the absence of these words does not mean a statement is not forward-looking. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. No Offer or Solicitation Disclaimer: This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Risk Factors: Investors should carefully consider the risks, uncertainties, and assumptions associated with the Company's business, including the execution risks related to entering a new line of business and integrating recently acquired software. The Company currently has no revenue from the telecommunications line of business, and its ability to generate revenue and achieve profitability in this area depends on the successful execution of its business strategy, including the commercialization of its newly acquired technology, customer adoption, and operational scaling. There is no guarantee that the Company will be able to effectively integrate the acquired software, develop a viable market for its offerings, or realize anticipated synergies. The Company also faces risks related to market conditions, competition, evolving industry standards, and regulatory developments, which could impact its growth prospects. Additionally, the planned spin-out transaction involves uncertainties regarding timing, regulatory approvals, and overall market reception. Financial and liquidity risks, including the availability of capital and access to financing, may also affect the Company's ability to support this business expansion. These and other risks are detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q. Actual results may differ materially due to known and unknown factors, and investors are urged to review the Company's SEC filings and conduct their own due diligence before making investment decisions. Trademarks and Intellectual Property: All trademarks, service marks, and trade names used in this press release are the property of their respective owners. SOURCE: Nixxy, Inc. press release
Associated Press
28-03-2025
- Business
- Associated Press
Nixxy's Revenues Commence via Auralink AI
NEW YORK, NY / ACCESS Newswire / March 28, 2025 / Nixxy, Inc. (NASDAQ:NIXX) today announced the successful launch of its AI-based telecom services via its Auralink AI subsidiary. Auralink AI is scaling its operations to meet its customers' demands and is expected to generate more than $250,000 in initial revenues in March 2025. Further, Auralink is projected to generate approximately $2 million in April on a month-end run rate basis. While early in its ramp-up phase, this initial traction represents meaningful progress toward the Company's previously stated long-term goal of achieving a $25-27 million monthly revenue run rate. The Company believes these early results provide a promising, though preliminary, indication of demand in the AI-enhanced telecommunications space. Miles Jennings, Interim CEO of Nixxy, commented, 'I believe hitting our initial revenue milestone demonstrates our team's swift and efficient execution, validating our strategic direction. We are encouraged by this early success and are scaling Auralink AI tactically, with a clear focus on customer acquisition, product innovation, and operational excellence. We look forward to regularly updating our shareholders and customers as we progress.' Auralink AI plans to blend its proprietary, advanced communications capabilities utilizing artificial intelligence large language model (LLMs) to enable state-of-the-art intelligent billing, switching, and unified communications. This initiative directly aligns with Nixxy's strategic goal of expanding AI-driven solutions across diverse industry verticals. Aurolink's AuraCloud AI-Powered Telco Infrastructure is designed to host, switch, and optimize SMS and voice traffic, supporting high-speed call routing and low-latency messaging through AI-driven optimizations. Its core capabilities are: Why This Matters for AI Telco Deployments Strategic Acquisition Pipeline Nixxy continues to evaluate multiple strategic acquisition or joint venture targets that may enhance long-term shareholder value and build the Company's technological innovation and operational capabilities. While the Company remains active in its diligence process, there can be no assurance that any future acquisitions will be consummated on favorable terms. About Nixxy, Inc. Nixxy, Inc. (NASDAQ: NIXX) is a publicly traded technology company focused on harnessing AI-driven solutions to transform technologically fragmented industries. By acquiring and integrating advanced platforms, Nixxy aims to strategically unlock potential, accelerate digital disruption, and creates long-term value. Nixxy's current focus includes Auralink AI, its telecom, AI billing and CpaaS software subsidiary delivering innovative AI-powered services to a rapidly evolving market. Learn more at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements regarding our future operating results, financial position, business strategy, plans and objectives of management for future operations, market size and growth opportunities, competitive position, technological innovations, and other statements regarding our intent, belief, or current expectations. These statements are based on assumptions believed to be reasonable but are inherently subject to a wide range of risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Words such as 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'intends,' 'may,' 'plans,' 'projects,' 'should,' 'targets,' 'will,' 'would,' and similar expressions are intended to identify such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Safe Harbor Provision Any forward-looking statements included in this press release are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations as of the date hereof and are subject to significant business, economic, and competitive risks, uncertainties, and contingencies, many of which are beyond our control. Actual results, performance, or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements. Non-Solicitation and No Offer to Purchase Securities This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Nixxy, Inc. (the 'Company'), nor shall it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities. Nothing contained herein is intended as financial, legal, or tax advice. No information in this press release should be construed as a recommendation regarding any securities of the Company, or any other entity, nor should it be considered a substitute for careful review and due diligence by any prospective investor. Preliminary Financial Information Any references to expected or forecasted revenues, financial performance, or results are unaudited and based on internal operational data, including usage volume, contractual terms, and system-generated cost models. These figures are subject to change and may not be realized as actual billings or collections. They should not be interpreted as guarantees of financial performance. Investors should rely solely upon the Company's audited financial statements when making any investment decisions. Basis of Preliminary Revenue Estimates The preliminary revenue figures referenced in this release are based on internal data models incorporating usage metrics, customer activity, and port-level cost structures. These figures are estimates only and have not been invoiced or recognized under generally accepted accounting principles (GAAP). No assurance can be given that actual billed or collected revenue will align with these estimates. Risk Factors and Uncertainties Numerous risk factors and uncertainties could cause actual outcomes to differ materially from those expressed in any forward-looking statements. These risk factors include, but are not limited to: the Company's ability to integrate newly acquired technology or businesses successfully; market adoption of AI, telecom, or other emerging technology solutions; changes in economic conditions, consumer demand, or regulatory environments; competition from existing and new market participants; global events affecting supply chains or capital markets; the Company's ongoing capital requirements and access to financing; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission ('SEC'), including its most recent annual and quarterly reports. The Company's SEC filings are available at No Duty to Update Except as required by law, the Company expressly disclaims any obligation or undertaking to update, supplement, or revise any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based. Past performance is not necessarily indicative of future results. Reliance on Information All information contained in this press release is provided 'as is' and without representation or warranty of any kind. While the Company believes such information to be accurate as of the date of publication, it undertakes no duty to update this information for subsequent developments. Readers should independently verify any information on which they intend to rely in making an investment decision or otherwise. Third-Party Information Where this press release includes references or links to third-party sources, data, or websites, the Company does not endorse or guarantee the accuracy or completeness of such information. Any reliance on third-party information is at the reader's own risk. The Company assumes no liability for the content of any third-party materials referenced herein. Trademarks Any trademarks, service marks, trade names, or logos referenced in this press release are the property of their respective owners. Reference to any specific product or service does not constitute or imply endorsement by the Company unless expressly stated. No Financial, Legal, or Tax Advice This press release is provided for informational purposes only and does not constitute or contain legal, tax, accounting, or investment advice. Readers should consult their own professional advisors before making any financial decisions. Investor Contact:
Associated Press
24-02-2025
- Business
- Associated Press
Nixxy's Auralink AI Announces Up to $120 Million AI-Enabled Reciprocal Telecommunications Services Agreement with a Global Technology Provider
NEW YORK, NY / ACCESS Newswire / February 24, 2025 / Nixxy, Inc. (NASDAQ:NIXX), the 'Company' or 'Nixxy', announces that its wholly owned subsidiary, Auralink AI, Inc. entered into a twelve-month contract with Mexedia SpA (website: an Italian based technology and communications provider, which is traded on Euronext Growth Paris under the symbol: Mexedia had revenues of 323,871,000 Euros for the year-ended December 31, 2023, per its audited financial statements. Commencing on or before May 1, 2025, Auralink Al will provide Mexedia SMS services over its newly integrated cloud-based platform that helps carriers and operators aggregate wholesale SMS messaging. Auralink has engineered its port provisioning to scale dynamically and support up to $10,000,000 in revenue per month for twelve calendar months. The Agreement will renew automatically thereafter, subject to either party's right of termination upon proper notice. Auralink Al will also be layering its enhanced Al platform for dynamic billing and quality and price-based routing, with the multitude of carriers it interconnects with. Said Miles Jennings, Interim CEO of Nixxy, 'We are pleased that so soon after we acquired our AI-enhanced billing software and switching platform, we were able to secure a substantial reciprocal telecommunications contract with an internationally traded public company in Mexedia, SpA. We expect to increase our service capacities in Q2 and Q3 and the Company plans to provide further financial guidance in accordance with Reg FD in the near future.' Evan Sohn, Chairman of the Board of Directors of Nixxy stated: 'As we originally announced in 2024, executing a restructuring of the company, the overarching goal of Nixxy, is to transform traditional businesses with technology in a disruptive manner, thereby profiting from efficiencies. We will continue this expansion every quarter with the goal of additional vertical integration. This is planned to produce higher margins from existing revenues. We will enable growth by providing customers a greater suite of services at highly competitive pricing relative to the marketplace. Utilizing AI to rapidly scale revenues and profitability over the next twelve months gets us closer to our stated goal of building a billion-dollar enterprise.' Operational Transformation: Nixxy is focused on integrating advanced technology and data-driven insights into the operations of acquired businesses. The Company is currently in advanced discussions with several additional acquisition targets that fit the aforementioned criteria and anticipates additional announcements in the near future, subject to the finalization of agreements. Building a Strong Leadership Team Nixxy is building a leadership team with experience in capital markets, mergers, acquisitions, and operational management. Nixxy plans to announce key appointments in the coming weeks. Upcoming Website Enhancements and Investor Communication Nixxy is updating its corporate website to reflect its strategic direction. The updated site will provide shareholders and stakeholders with insights into the company's strategy and focus areas. Filings and press releases can be found at About Nixxy Nixxy, Inc. (NASDAQ:NIXX) is committed to transforming traditional markets through cutting-edge technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their operations with innovation, Nixxy unlocks new potential and creates opportunities for transformative growth. The company focuses on sectors poised for digital innovation, leveraging data and technology to disrupt conventional business models and drive progress. Contact Information Nixxy [email protected] Forward-Looking Statements Disclaimer This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including those regarding our business strategy, future operations, prospects, potential usage and revenues under the described agreement, acquisition plans, financial condition, and market opportunities, are forward-looking statements. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' 'projects,' 'potential,' 'will,' and similar expressions are intended to identify forward-looking statements. These statements are based on our current expectations and beliefs and are subject to various risks, uncertainties, and assumptions, including those related to actual usage under the agreement, market conditions, regulatory approvals, competition, and our ability to successfully implement AI-enhanced services. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. We caution readers not to place undue reliance on any forward-looking statements. Except as required by law, we disclaim any obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. Third-Party Data Disclaimer The financial information regarding each of Nixxy's and Mexedia SpA's financial information presented in this press release is based on data provided by third-party sources and the target company itself. While Nixxy has made reasonable efforts to verify the accuracy of this information, the Company cannot guarantee its completeness or reliability. This data is subject to further due diligence, and actual financial results may differ materially. Investors should not place undue reliance on this information when making investment decisions. Nixxy disclaims any obligation to update or revise this information, except as required by law. No Offer or Solicitation Disclaimer This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
