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NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), an AI-powered telecommunications firm with a market capitalization of $36 million, has announced the acquisition of assets from the Leadnova.ai platform, part of the NexGenAI company suite. This strategic move aims to enhance Nixxy’s AuralinkAI platform and support its AI-enhanced telecom strategy. The company also reported an increase in unaudited gross revenue to approximately $5.2 million for May 2025, up from $1.4 million in April 2025. According to InvestingPro data, the stock has experienced significant volatility, falling 47% over the past six months.
The assets acquired include Leadnova.ai’s domain, software, automation engines, data repositories, and API infrastructure. The integration of these assets is expected to bolster Nixxy’s capabilities in data delivery, sales enablement, and engagement analytics, which are pivotal for business development.
Mike Schmidt, CEO of Nixxy, emphasized the alignment of Leadnova.ai’s capabilities with the company’s vision to deliver smarter, high-margin communications services at scale. While Nixxy’s revenue growth in May reflects the company’s traction in its expansion strategy and its target to reach a $10 million monthly revenue run rate by August 2025, InvestingPro analysis indicates the company’s overall financial health score remains weak, with a current ratio of 0.29 suggesting potential liquidity challenges.
In addition to the acquisition, Nixxy has priced a registered direct offering for the sale of up to 846,667 shares of common stock at $1.50 per share to a select group of accredited investors. This offering is pursuant to a shelf registration statement filed with the Securities and Exchange Commission (SEC) and declared effective as of September 30, 2022.
Nixxy, a next-generation communications and infrastructure company, is transforming the telecom landscape with its AI-powered platforms and enterprise-grade messaging solutions. The company’s strategy combines infrastructure ownership with AI-enhanced service delivery, catering to both wholesale and enterprise clients.
The information in this article is based on a press release statement from Nixxy, Inc. Investors are advised that the company’s billing activity, platform usage, and revenue forecasts are unaudited and provisional. They are cautioned not to place undue reliance on forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. For a comprehensive understanding of the company’s financial performance and risks, investors should refer to Nixxy’s audited financial statements and SEC filings. For deeper insights into Nixxy’s valuation and 8 additional key financial indicators, explore InvestingPro, which provides exclusive analysis and Fair Value calculations suggesting the stock may be currently overvalued.
In other recent news, Nixxy, Inc. reported a strong start to the second quarter with preliminary revenue figures showing over $1.4 million in gross revenue for April 2025. The company has already surpassed $800,000 in the first five days of May, attributing this growth to its expanding voice infrastructure and new platform activations. Nixxy is also preparing to introduce commercial SMS traffic, which is expected to enhance its financial performance further. Additionally, Nixxy announced the appointment of Mike Schmidt as the new CEO, who brings over two decades of industry experience and is expected to lead the company’s expansion into telecom and AI markets.
The company also appointed Ashissh Raichura to its Board of Directors, bringing his expertise in AI-driven diagnostics and compliance. Raichura is recognized for his work in developing intelligent and secure platforms, contributing to Nixxy’s growth in providing intelligent infrastructure for compliance-intensive industries. Furthermore, Nixxy disclosed preliminary operational metrics for its subsidiary Auralink AI, reporting approximately $1.2 million in switching and billing activity for March 2025. This activity signifies early traction for the platform, which combines advanced telecommunications infrastructure with AI integrations.
Nixxy’s interim CEO, Miles Jennings, expressed optimism about the company’s trajectory and plans to enhance the executive team to support AI-enabled telecom initiatives. The company is also progressing with its share repurchase program, preparing to initiate repurchases following regulatory and compliance requirements. These developments reflect Nixxy’s commitment to disciplined growth and innovation in the technology sector.
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