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NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a communications company that integrates AI technologies into telecom infrastructure, has been added to the Russell 3000E Index as part of the annual reconstitution of the Russell US Indexes, the company announced Monday. The micro-cap company, currently valued at $42.67 million, joins the index despite facing challenging market conditions, with InvestingPro data showing a significant 65.78% decline in share price over the past six months.
The Russell 3000E Index combines the Russell 3000 Index with the Russell Microcap Index, representing up to 4,000 of the largest U.S. stocks by total market capitalization. The index is reconstituted annually to reflect changes in U.S. markets over the past year. According to InvestingPro analysis, Nixxy’s inclusion comes amid strong revenue growth of 54.16% in the last twelve months, though the company maintains a weak overall financial health score.
"We are honored to be included in the Russell 3000E Index," said Mike Schmidt, CEO of Nixxy, in a press release statement. "This milestone reflects the significant progress we have made in executing our strategy and expanding our platform across AI-powered telecom infrastructure and messaging solutions." Subscribers to InvestingPro can access 8 additional key insights about Nixxy’s financial position and market performance.
The Russell US Indexes are used by investment managers and institutional investors for index funds, benchmarking, and ETF development. Inclusion in such indexes can increase a company’s visibility among institutional investors.
Nixxy describes itself as a communications and infrastructure company that provides voice and messaging services through its AuralinkAI platform, combining infrastructure ownership with AI-enhanced service delivery.
The index changes became effective at the conclusion of the annual reconstitution of the Russell US Indexes, according to the company’s announcement.
In other recent news, Nixxy, Inc. reported a notable increase in unaudited gross revenue, reaching approximately $5.2 million in May 2025, up from $1.4 million in April 2025. This growth aligns with the company’s acquisition of assets from Leadnova.ai, which is expected to enhance its AuralinkAI platform. The company aims to achieve a $10 million monthly revenue run rate by August 2025. Additionally, Nixxy has appointed Mike Schmidt as the new CEO to lead its expansion into the telecom and AI markets. Schmidt’s extensive experience in the telecom sector supports Nixxy’s strategic pivot towards AI technologies. In a move to strengthen its leadership, Nixxy also appointed Ashissh Raichura to its Board of Directors, bringing his expertise in product development and telecommunications. Furthermore, Nixxy engaged HTL International, LLC as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. These developments reflect Nixxy’s commitment to expanding its capabilities and enhancing its market position.
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