Nixxy, Inc. reported Q1 2026 net income of $537 thousand, compared with a net loss of $4.5 million a year earlier. Revenue jumped to $29.1 million, entirely from wholesale telecommunications services, versus $1.3 million in Q1 2025.
Operating performance remained thin, with cost of revenue of $29.0 million nearly matching revenue and total operating expenses of $30.3 million, producing a loss from continuing operations of $1.2 million. The company moved to profit mainly due to a $1.8 million gain on marketable securities.
Cash increased to $1.0 million from $0.2 million at year-end 2025, helped by $1.0 million of equity issuance and additional borrowings, while operating activities used $0.4 million of cash. Management discloses a going concern risk, citing a working capital deficit of about $0.4 million and the need for additional financing to fund operations over the next 12 months.
Nixxy, Inc. reported Q1 2026 net income of $537 thousand, compared with a net loss of $4.5 million a year earlier. Revenue jumped to $29.1 million, entirely from wholesale telecommunications services, versus $1.3 million in Q1 2025.
Operating performance remained thin, with cost of revenue of $29.0 million nearly matching revenue and total operating expenses of $30.3 million, producing a loss from continuing operations of $1.2 million. The company moved to profit mainly due to a $1.8 million gain on marketable securities.
Cash increased to $1.0 million from $0.2 million at year-end 2025, helped by $1.0 million of equity issuance and additional borrowings, while operating activities used $0.4 million of cash. Management discloses a going concern risk, citing a working capital deficit of about $0.4 million and the need for additional financing to fund operations over the next 12 months.
Nixxy, Inc. files a shelf registration to permit the resale by certain selling stockholders of up to 1,695,368 shares of Common Stock previously issued in private placements. The resale is by selling holders; the Company will not receive proceeds. The prospectus cites 26,892,426 shares outstanding and lists warrants and option pools.
Nixxy, Inc. files a shelf registration to permit the resale by certain selling stockholders of up to 1,695,368 shares of Common Stock previously issued in private placements. The resale is by selling holders; the Company will not receive proceeds. The prospectus cites 26,892,426 shares outstanding and lists warrants and option pools.
Nixxy, Inc. reports 2025 annual results showing a dramatic scale-up of its new wholesale telecommunications and AI-enabled infrastructure business. Revenue rose to about $97.9 million from roughly $6 thousand in 2024, driven by high-volume voice and messaging traffic.
Cost of revenue was also about $97.9 million, leaving essentially no gross margin and, with operating expenses of roughly $11.8 million, the company posted a total 2025 net loss of approximately $15.0 million and an accumulated deficit of about $113.8 million.
Adjusted EBITDA loss was roughly $5.6 million. Nixxy ended 2025 with only $182 thousand in cash and acknowledges substantial doubt about its ability to continue as a going concern without additional capital. The company also discloses a Nasdaq minimum bid-price deficiency notice, creating delisting risk.
Nixxy, Inc. reports 2025 annual results showing a dramatic scale-up of its new wholesale telecommunications and AI-enabled infrastructure business. Revenue rose to about $97.9 million from roughly $6 thousand in 2024, driven by high-volume voice and messaging traffic.
Cost of revenue was also about $97.9 million, leaving essentially no gross margin and, with operating expenses of roughly $11.8 million, the company posted a total 2025 net loss of approximately $15.0 million and an accumulated deficit of about $113.8 million.
Adjusted EBITDA loss was roughly $5.6 million. Nixxy ended 2025 with only $182 thousand in cash and acknowledges substantial doubt about its ability to continue as a going concern without additional capital. The company also discloses a Nasdaq minimum bid-price deficiency notice, creating delisting risk.
NexGenAI Holding Group, Inc. reports beneficial ownership of 2,095,446 shares of Nixxy, Inc. common stock, representing 7.79% of the class. The filing states NexGenAI has sole voting and dispositive power over the 2,095,446 shares.
NexGenAI Holding Group, Inc. reports beneficial ownership of 2,095,446 shares of Nixxy, Inc. common stock, representing 7.79% of the class. The filing states NexGenAI has sole voting and dispositive power over the 2,095,446 shares.
Nixxy, Inc. entered into securities purchase agreements with several investors to privately sell 1,481,481 shares of common stock at $0.675 per share, raising $1,000,000 in gross proceeds. The sale relies on an exemption from registration under Section 4(a)(2) of the Securities Act.
The company also changed its independent auditor. It dismissed HTL International, LLC and engaged KG CPA LLP as its new independent registered public accounting firm. Nixxy states there were no disagreements with HTL and no reportable events, and HTL provided a letter to the SEC agreeing with these disclosures.
Nixxy, Inc. entered into securities purchase agreements with several investors to privately sell 1,481,481 shares of common stock at $0.675 per share, raising $1,000,000 in gross proceeds. The sale relies on an exemption from registration under Section 4(a)(2) of the Securities Act.
The company also changed its independent auditor. It dismissed HTL International, LLC and engaged KG CPA LLP as its new independent registered public accounting firm. Nixxy states there were no disagreements with HTL and no reportable events, and HTL provided a letter to the SEC agreeing with these disclosures.
Nixxy, Inc. reported that Nasdaq has notified the company its common stock is out of compliance with the Nasdaq Capital Market’s minimum bid price rule, because the consolidated closing bid has been below $1.00 per share for 30 consecutive business days. The stock is not being delisted immediately. Nixxy has an automatic 180‑calendar day grace period to regain compliance by having its bid price at or above $1.00 for at least ten consecutive business days within that window. If still noncompliant, Nixxy may qualify for a second 180‑day period if it meets other initial listing standards and notifies Nasdaq of its plan, which could include a reverse stock split. The company states the notice does not affect its current business or SEC reporting, but there is no assurance it will regain compliance or continue to meet all Nasdaq listing criteria.
Nixxy, Inc. reported that Nasdaq has notified the company its common stock is out of compliance with the Nasdaq Capital Market’s minimum bid price rule, because the consolidated closing bid has been below $1.00 per share for 30 consecutive business days. The stock is not being delisted immediately. Nixxy has an automatic 180‑calendar day grace period to regain compliance by having its bid price at or above $1.00 for at least ten consecutive business days within that window. If still noncompliant, Nixxy may qualify for a second 180‑day period if it meets other initial listing standards and notifies Nasdaq of its plan, which could include a reverse stock split. The company states the notice does not affect its current business or SEC reporting, but there is no assurance it will regain compliance or continue to meet all Nasdaq listing criteria.
Form 144 notice reporting a proposed sale of 49,782 common shares with an aggregate market value of $78,655. The sale is scheduled approximately for 09/23/2025 on NASDAQ. The filing shows the securities were acquired on 01/15/2015 as founders shares from the issuer and the payment/consideration is recorded as NA. The filer reports nothing to report for securities sold in the past three months. The notice includes the standard representation that the seller does not possess undisclosed material adverse information and references possible reliance on a Rule 10b5-1 plan if applicable.