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NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a technology company specializing in AI-driven solutions, announced a strong start to the second quarter, with preliminary revenue figures indicating significant growth. The company reported over $1.4 million in gross revenue for April 2025 and has already surpassed $800,000 in the first five days of May. This growth comes as the stock shows significant momentum, with a 7.9% return over the past week, though trading at $1.78, still well below its 52-week high of $8.50.
The revenue growth is attributed to the company’s focus on expanding its voice infrastructure and the activation of new platforms. Nixxy is also preparing to introduce commercial SMS traffic to its revenue streams in May, which is expected to further enhance the company’s financial performance. According to InvestingPro data, the company maintains a strong gross profit margin of 99.6%, though it currently trades at elevated revenue multiples.
Miles Jennings, Interim CEO of Nixxy, expressed optimism about the company’s trajectory, stating, "We’re encouraged by the early performance in Q2, which reflects growing platform utilization and early indicators of scaled telecom operations." He also emphasized the company’s commitment to a disciplined growth strategy centered around intelligent infrastructure. The company’s financial position shows promise, with InvestingPro analysis indicating it holds more cash than debt on its balance sheet, though its overall Financial Health Score remains in the weak category.
In addition to its financial achievements, Nixxy is expanding its executive team to support its AI-enabled telecom initiatives. The company plans to bring on new telecom-focused executive talent with expertise in high-volume switching, global carrier networks, and enterprise routing.
Looking forward, Nixxy anticipates providing updates on product integration, SMS platform activation, and leadership expansion. These developments are part of the company’s broader strategy to strengthen its telecom infrastructure. InvestingPro subscribers have access to 12 additional key insights about Nixxy’s financial position and market performance, helping investors make more informed decisions about this volatile stock.
Nixxy, known for its subsidiary Auralink AI, aims to create long-term value by integrating advanced platforms that leverage AI to disrupt technologically fragmented industries.
The preliminary financial data presented in this report is based on internal system data and does not constitute earned or collectible revenue under generally accepted accounting principles (GAAP). Investors are advised to rely on the company’s audited financial statements and public filings with the SEC when evaluating its financial performance.
This news article is based on a press release statement from Nixxy, Inc.
In other recent news, Nixxy, Inc. reported approximately $1.2 million in activity for its Auralink AI platform in March 2025, highlighting early traction in its AI-driven telecommunications solutions. The company also completed a significant asset acquisition from Aqua Software Technologies, valued at $3.8 million, involving billing and AI systems, which are expected to enhance Nixxy’s offerings in the tech sector. In a related development, Nixxy acquired two advanced AI software platforms, CallAI and AQUA Health Coach, from Aqua Software Technology, Inc., in a $3.9 million transaction. These acquisitions aim to strengthen Nixxy’s presence in the telecom and healthcare sectors, with plans to initially focus on U.S.-based B2B clients.
Additionally, Nixxy announced the appointment of Ashissh Raichura to its Board of Directors, bringing over 30 years of experience in AI-driven diagnostics and compliance. Raichura is expected to contribute to the company’s growth in intelligent infrastructure for compliance-intensive industries. His appointment aligns with Nixxy’s strategy to build trustworthy AI solutions across various sectors. The company has emphasized transparency in its financial figures, noting that all data is preliminary and unaudited, with final audited statements to follow in future filings. These developments reflect Nixxy’s ongoing efforts to expand its AI portfolio and strengthen its market position.
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