GAXYD - GAXYD STOCK NEWS

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.

Galaxy Next Generation (OTCQB:GAXY) has secured additional purchase orders totaling nearly $500,000 from the Dalton Public School District. This follows a $750,000 contract announced in July 2022 for G2 Interactive panels. The CEO, Gary LeCroy, emphasized the importance of expanding existing customer relationships and leveraging a growing reseller network to enhance their footprint in the education technology sector. Dalton Schools, serving over 7,000 students, aims to provide world-class learning opportunities.

Galaxy Next Generation (OTCQB:GAXY) has established a new reseller partnership with Camcor, Inc., enhancing its presence in the interactive learning technology market. Camcor, a national reseller with over 70 years in technology solutions, focuses on audio-visual and digital imaging. CEO Gary LeCroy highlighted the momentum this partnership brings, as Camcor has strong ties to numerous educational technology contracts. This collaboration is part of Galaxy's strategy to expand its market footprint amidst a growing demand for educational technology.