GALAXY NEXT GENERATION - GAXY STOCK NEWS

Galaxy Next Generation, Inc. (OTCQB:GAXY) reported significant growth for the fiscal year ended June 30, 2021, achieving record annual revenue of $3.8 million, a 63% increase year-over-year. The fourth quarter also marked a milestone with positive Non-GAAP Adjusted EBITDA of $67,322. Key developments included a 117% revenue increase in Q4 and several strategic partnerships and bids in the K-12 education market. Despite still facing an operating loss of $139,653 for Q4, the company is optimistic about future growth due to planned expansions and increased school budgets.

Galaxy Next Generation (OTCQB:GAXY) is set to host its Q4 and annual earnings conference call on September 17, 2021, at 11:00 AM ET. CEO Gary LeCroy and CFO Magen McGahee will discuss results for the fiscal year ended June 30, 2021. Galaxy specializes in interactive learning technology solutions, with a significant focus on the K-12 education market, which accounts for approximately 90% of sales. Shareholders can submit questions via email before the call.

Galaxy Next Generation (OTCQB:GAXY) has announced a new safety solution called G2 Secure, designed to enhance school security and communication. This product integrates door-locking capabilities and emergency communication systems, a response to rising campus violence. The solution will allow instant alerts and lockdown procedures through a single interface, benefiting school leaders. Early adopters can implement initial components now, with full integration expected by the 2021-2022 school year.

Galaxy Next Generation (OTCQB:GAXY) announced a partnership with HavenLock Inc. to enhance school safety and security technology. This collaboration allows Galaxy to integrate HavenLock’s patented wireless door locking systems into their product offerings, expanding their reach in the educational market. Galaxy aims to address the rising concern for student safety, leveraging HavenLock's technology that enables secure lockdowns in less than a second. Both companies see significant growth potential in this sector.

Galaxy Next Generation (OTCQB:GAXY) shared a shareholder update on August 4, 2021, highlighting ongoing compliance with SEC regulations and the management's commitment to transparency. The company reported an influx of sales and new contracts, leveraging Covid-19 stimulus funds. Key operational milestones include new hires in sales and marketing, with positive trends in inventory flow and components for their products. The management is optimistic about future growth and is working towards a more prestigious exchange listing while emphasizing shareholder communication.

Galaxy Next Generation (OTCQB:GAXY) has secured an initial purchase order worth approximately $230,000 from the Pearl Public School District in Mississippi for interactive panels. This achievement follows a competitive bidding process, where Galaxy outperformed an incumbent supplier, highlighting the company’s product capabilities and pricing strategy. The Pearl Public School District serves around 4,200 students and employs about 500 staff. This partnership marks a significant milestone for Galaxy as it continues to target the K-12 education market, which constitutes nearly 90% of its sales.

Galaxy Next Generation, Inc. (OTCQB:GAXY) will showcase its award-winning G2 visual alerts at ISC West 2021, occurring from July 19-21 in Las Vegas, Nevada. The CEO, Gary LeCroy, expressed excitement about engaging with security and public safety professionals at this prominent event. ISC West focuses on networking and educational opportunities in security products, featuring developments in Access Control, Video Surveillance, and more. Galaxy's interactive learning technology primarily caters to the K-12 education market, representing nearly 90% of its sales.

Galaxy Next Generation, Inc. (OTCQB:GAXY) has announced a partnership with Teledata Technologies to enhance its education business in Nevada and New Mexico. Teledata, a leader in business technology services, brings extensive expertise in various solutions including audio-visual systems and structured cabling. This collaboration aims to leverage Teledata's established customer relationships and technological knowledge to accelerate Galaxy's growth in the region. The partnership aligns with Galaxy's focus on the K-12 education market, which accounts for nearly 90% of its sales.

Galaxy Next Generation (OTCQB:GAXY) has received a Bid Award letter from Region 18 Purchasing CO-OP in Texas, marking its approval as a vendor for purchase orders effective July 1 through June 30, 2022. The Region includes 19 counties, 33 school districts, and serves over 88,000 students. CEO Gary LeCroy highlights the growth of Galaxy’s sales team and its expanding footprint, especially in Texas. This partnership aims to enhance educational technology solutions in the region.