Trump announces trade deal with EU following months of negotiations
NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a technology firm specializing in artificial intelligence solutions, has reported the successful integration of its newly acquired AI software into its Auralink AI telecom subsidiary. The company, currently valued at $30.77 million, anticipates an initial revenue of $250,000 for March, with projections rising to $2 million by the end of April 2025. According to InvestingPro data, analysts expect substantial sales growth this year, with revenue forecast to grow by 205%. The stock currently trades above its Fair Value, suggesting investors may want to monitor overvalued stocks carefully.
The integration marks a strategic move for Nixxy, aiming to expand its presence in the Communications Platform as a Service (CpaaS) industry by offering AI-powered billing and Least Cost Routing (LCR) solutions. Auralink AI’s services include real-time voice and SMS routing, scalable carrier-grade switching, and automated fraud detection, all enhanced by AI technologies.
Interim CEO Miles Jennings expressed optimism about the initial financial results, stating, "I believe hitting our initial revenue milestone demonstrates our team’s swift and efficient execution, validating our strategic direction." Jennings highlighted the company’s focus on customer acquisition, product innovation, and operational excellence. The company faces challenges, with an EBITDA of -$8.0 million in the last twelve months and an overall Financial Health Score rated as WEAK by InvestingPro, which offers 11 additional insights about the company’s financial position.
The company’s AuraCloud AI-Powered Telco Infrastructure supports high-speed call routing and low-latency messaging, aiming to provide ultra-low latency, carrier-grade redundancy, dynamic cost optimization, and regulatory compliance for telecom deployments.
Nixxy is also actively evaluating potential acquisitions and joint ventures to strengthen its technological innovation and operational capabilities, though no specific future transactions are guaranteed.
The press release includes forward-looking statements, which are inherently uncertain and subject to risks. These statements are based on current expectations and are not guarantees of future performance.
Investors are cautioned that the preliminary revenue figures provided are unaudited estimates based on internal data and may not reflect actual financial results. The company advises reliance on audited financial statements for investment decisions. With the next earnings report scheduled for April 17, 2025, investors can access comprehensive financial analysis and real-time updates through InvestingPro’s advanced analytics platform.
This news is based on a press release statement from Nixxy, Inc. and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
In other recent news, Nixxy Inc. announced it anticipates generating substantial revenue from its contract with Mexedia SpA starting in March 2025, projecting a monthly revenue run rate of $25-27 million. The company also secured a significant contract through its subsidiary Auralink AI, Inc. with Mexedia, expected to commence by May 1, 2025, which could support up to $10 million in monthly revenue. Additionally, Nixxy initiated a private offering of zero-coupon convertible notes totaling up to $50 million, convertible into common stock, with Bitcoin serving as collateral. The company has also acquired advanced AI and telecommunications assets, targeting a $15 billion market, with plans to reach a $5 million monthly revenue run rate in Q2 of 2025.
In governance news, Christopher Mann resigned from Nixxy’s Board of Directors shortly after his appointment, citing personal and professional commitments. The company recently withdrew its Form S-1 Registration Statement, deeming it unnecessary for current operations. Interim CEO Miles Jennings expressed optimism about the company’s strategic direction, highlighting recent acquisitions and technology integrations aimed at enhancing service capacities and profitability. These developments reflect Nixxy’s ongoing efforts to leverage technology and data-driven insights to transform traditional markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.