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NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a technology company specializing in AI-driven solutions, has disclosed preliminary operational metrics for its subsidiary Auralink AI, reporting approximately $1.2 million in switching and billing activity for March 2025. This figure, derived from internal system data, signifies early traction for the platform, although final revenue will be subject to standard accounting practices. According to InvestingPro data, the company’s revenue for the last twelve months stands at just $610,000, with a concerning gross profit margin of 99.58% but negative EBITDA of $9.18 million.
Miles Jennings, Interim CEO of Nixxy, confirmed the Auralink AI platform’s operational status and its processing of live traffic at scale. He expressed optimism about the platform’s initial performance and mentioned forthcoming plans to enhance the team with an AI and data infrastructure expert. The company’s strategic initiatives come at a critical time, as InvestingPro analysis reveals the stock has experienced significant volatility, falling 65.21% year-to-date, with 10 additional key insights available to subscribers.
Auralink AI combines advanced telecommunications infrastructure with large language model integrations, facilitating intelligent call switching and dynamic billing. The platform is part of Nixxy’s strategy to apply AI in fragmented industries and is supported by AuraCloud, the company’s AI-powered telco backbone designed for hosting and optimizing SMS and voice traffic.
The company also plans to integrate CallAI™, acquired from Aqua Software, which is expected to augment Auralink’s capabilities with features such as intelligent call automation and smart routing, potentially increasing automation and data processing efficiency.
In addition to product development, Nixxy is progressing with its share repurchase program, preparing to initiate repurchases after completing regulatory and compliance requirements. With a market capitalization of $26.44 million and trading at a Price/Book ratio of 10.25, InvestingPro’s Fair Value analysis suggests the stock may be overvalued at current levels, despite holding more cash than debt on its balance sheet.
Nixxy has emphasized that all financial figures are preliminary and unaudited, and a final, audited financial statement will be provided in future filings. The interim update aims to offer shareholders transparency into the platform’s early activity.
This news is based on a press release statement, and investors are advised to consult the company’s audited financial statements and public SEC filings for making investment decisions. Nixxy’s forward-looking statements are subject to a range of risks and uncertainties that could affect actual results, and the company does not undertake any obligation to update these statements except as required by law. The company’s next earnings report is scheduled for April 17, 2025, which could provide crucial insights into the success of its recent initiatives and financial health, which currently rates as ’Weak’ according to InvestingPro’s comprehensive scoring system.
In other recent news, Nixxy, Inc. has completed a notable asset acquisition from Aqua Software Technologies, valued at $3.8 million, paid through restricted common shares and cash. This acquisition includes assets related to billing and AI systems, aiming to enhance Nixxy’s capabilities in these areas. Furthermore, Nixxy has expanded its AI portfolio by acquiring CallAI and AQUA Health Coach platforms from Aqua Software Technology, Inc. for $3.9 million. These platforms are expected to bolster Nixxy’s telecom and healthcare offerings, reflecting the company’s strategic diversification in AI solutions.
Nixxy has also forecasted a $2 million revenue for April from its Auralink AI telecom unit, following the integration of newly acquired AI software. The company anticipates a significant revenue boost from its contract with Mexedia SpA, projecting a monthly revenue run rate of $25-27 million. This contract, involving SMS services, is part of Nixxy’s strategy to expand its service capacities and achieve scalability. Additionally, Nixxy recently withdrew its Form S-1 Registration Statement, considering it unnecessary for current operations.
Interim CEO Miles Jennings and Chairman Evan Sohn have emphasized the company’s focus on leveraging technology for efficiency-driven profits and rapid scalability. Nixxy is also strengthening its leadership team and updating its corporate website to align with its strategic direction. Investors are advised to consider potential risks and uncertainties associated with these forward-looking statements.
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