GALAXY NEXT GENERATION - GAXY STOCK NEWS

Galaxy Next Generation (OTCQB:GAXY) has partnered with Electronic Design Company to enhance its sales in Minnesota and surrounding areas. This collaboration aims to incorporate Galaxy's G2 Link classroom audio solutions and G2 Communicator into EDC's product offerings. Galaxy's CEO, Gary LeCroy, highlighted the importance of expanding sales channels in previously unaddressed territories, particularly in the upper Midwest. Established in 1955, EDC is known for its expertise in sound and communications, making it a valuable partner to increase Galaxy's penetration in the educational market, which constitutes nearly 90% of its sales.

Galaxy Next Generation (OTCQB:GAXY) announced a record sales pipeline of $5 million, driven by the successful launch of new products: G2 Link and G2 Secure. The company will ship products by late January to fulfill $1.7 million in backlog orders. This growth follows significant investments in R&D in 2021 and 2022, enhancing their integrated communication solutions. Profit margins have also increased from ~40% to 57%, showing a positive trend moving into 2023.

Galaxy Next Generation (OTCQB:GAXY) announced that CEO Gary LeCroy invested approximately $1 million into the company during the second half of 2022. This move, described as beneficial for growth, comes amidst improving sales prospects and a shortage of new capital resources. Galaxy specializes in interactive learning technology solutions, focusing primarily on the K-12 education market, which represents nearly 90% of its sales.

Galaxy Next Generation (OTCQB:GAXY) enters 2023 with its largest sales pipeline in history, following the launch of two new product lines, G2 Link and G2 Secure, aimed at enhancing classroom communication. The company has improved profit margins from ~40% to 57% and secured purchase order financing to accelerate revenue generation. Despite facing challenges, including limited cash resources and managing debt obligations, Galaxy is optimistic about growth potential, aiming for an uplist to a major exchange and positioning itself for recovery amid economic challenges.

Galaxy Next Generation, Inc. (OTCQB:GAXY) announced on December 14, 2022, that the majority of holders of its Series F Convertible Preferred Stock converted their shares into 23,540,539 common shares, valued at $0.37 per share. This conversion is viewed positively as it strengthens the company's common equity position. CEO Gary LeCroy expressed appreciation for the long-term shareholders, who are expected to maintain their investments for 5-10 years. Galaxy focuses on providing interactive technology solutions primarily to the K-12 education market.

Galaxy Next Generation (OTCQB:GAXY) will participate in two virtual investor events on December 7-8, 2022. CEO Gary LeCroy and CFO Magen McGahee will engage in one-on-one meetings and present at:

• Planet MicroCap Showcase on December 7, 2022, at 2:00 p.m. ET.
• Sequire Virtual Small Cap Conference on December 8, 2022, at 10:30 a.m. ET.

Galaxy specializes in interactive learning technology and serves primarily the K-12 education market, representing almost 90% of its sales.

Galaxy Next Generation (OTCQB:GAXY) has partnered with EKC Enterprises, a leading provider of low voltage systems, to expand its national reseller network on the West Coast. This partnership aims to enhance Galaxy's reach in educational and enterprise markets, leveraging EKC's established customer base and technical sales expertise. Galaxy anticipates significant growth in its interactive solutions as a result of this collaboration, which aligns with its strategy to enhance distribution channels across the U.S.

Galaxy Next Generation, Inc. (OTCQB:GAXY) has reaffirmed its FY 2023 revenue outlook of at least $6 million, indicating a 50% year-over-year increase. In its first quarter ended September 30, 2022, revenues reached $0.6 million, with deferred revenues at $0.6 million. The gross margin improved to 56% from 40% year-over-year. The company secured $1.3 million in purchase orders and contracts, launched new products, and expanded its market presence. However, it reported a net loss of $1.6 million.

Galaxy Next Generation, Inc. (OTCQB:GAXY) will host its first quarter fiscal year 2023 earnings call on November 15, 2022, at 9:00 a.m. ET. CFO Magen McGahee will present results for the period ending September 30, 2022, and answer shareholder questions. Interested parties can join via dial-in or webcast. A replay will be available post-call. Galaxy specializes in interactive learning technology, primarily serving the K-12 market, which represents around 90% of their sales.