GALAXY NEXT GENERATION - GAXY STOCK NEWS

Galaxy Next Generation has appointed Brad Balaban as the new Regional Sales Manager for the Central U.S., aiming to enhance market penetration of their interactive learning technology solutions. With over 30 years of experience in the education sector, Balaban will focus on states including TX, OK, and NM. CEO Gary LeCroy expressed optimism about Balaban's expertise potentially accelerating sales growth. Galaxy, primarily serving the K-12 education market, relies on a network of over 22 resellers across the U.S.

Galaxy Next Generation, Inc. (OTCQB:GAXY) has successfully delivered an additional 700 audio product units to an OEM customer for the K-12 education market. This shipment highlights the production capabilities of their Arizona manufacturing facility. CEO Gary LeCroy emphasized their commitment to meeting customer needs, enhanced by investments in reducing lead times and ramping up production. Galaxy's audio products, which largely serve the educational sector, continue to be a significant part of their expansion strategy.

Galaxy Next Generation (OTCQB:GAXY) has partnered with C&C Tech Group to enhance its presence in the northeast education market, specifically in New York, New Jersey, Eastern Pennsylvania, Maryland, and Delaware. C&C Tech Group will leverage its network of resellers to promote Galaxy's interactive learning technology solutions at trade shows and provide sales support. CEO Gary LeCroy emphasizes the importance of expanding sales channels to better serve this underrepresented region, aiming to improve market penetration and drive sales growth.

Galaxy Next Generation, Inc. (OTCQB:GAXY) has announced a strategic partnership with C&C Tech Group to expand its presence in the northeast U.S. education market. This collaboration will leverage C&C Tech Group's network of resellers across New York, New Jersey, Eastern Pennsylvania, Maryland, and Delaware. Galaxy aims to enhance its sales channels and improve market penetration in these states where it previously had limited outreach. CEO Gary LeCroy emphasized the importance of this partnership for future growth.

Galaxy Next Generation (OTCQB:GAXY) has been awarded a software bid by Killeen Independent School District in Texas for its G2 Communicator and G2 Control software. The agreement is effective from February 2, 2022, through October 10, 2022, with a potential extension of 60 days. This contract reflects Galaxy's ongoing success in the K-12 education market, as KISD serves over 44,000 students and is recognized for its high standards in education.

Galaxy Next Generation (OTCQB: GAXY) has secured over $230,000 in purchase orders for G2 Interactive panels and accessories from two school districts in Texas. This increase in orders arises from previous bids and new reseller partnerships. Galaxy plans to ship these products within the current quarter, contributing to its growing revenue. Additionally, the company has appointed a new Central Regional Sales Manager in Texas to bolster its operations in the region. CEO Gary LeCroy commended the sales team's efforts towards sustained financial improvement.

Galaxy Next Generation (OTCQB:GAXY) has announced a reverse stock split as part of its recapitalization strategy to strengthen its share structure. The company reports growth in revenue and products, attributing the necessity of the stock split to prior loans converted to stock, which negatively impacted share price. This split is expected to enhance Galaxy's credibility, facilitate potential acquisitions, and improve its ability to raise capital. Galaxy aims for higher revenue generation in 2022, ultimately fostering a stable stock environment for investors.

Galaxy Next Generation (OTCQB:GAXY) reported a 31% increase in revenue to $2.6 million for the six months ended December 31, 2021, alongside a 86% decrease in net loss to $2.8 million. The company achieved a 60% reduction in operating loss, totaling $1.9 million, and successfully eliminated convertible debt, improving its financial standing. Noteworthy developments include the launch of the G2 Link classroom audio system and contracts with educational institutions, contributing to a robust business pipeline.

Galaxy Next Generation, Inc. (OTCQB:GAXY) will host its second quarter fiscal year 2022 earnings results conference call on February 14, 2022, at 4:30 PM ET. CEO Gary LeCroy and CFO Magen McGahee will present the quarterly results for the three and six months ending December 31, 2021, and address shareholder questions. The company specializes in interactive learning technology solutions, mainly targeting the K-12 education market, which constitutes approximately 90% of their sales.