Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), currently valued at $32.6 million in market capitalization, reported Tuesday that its second-quarter 2025 revenue reached approximately $13.5 million, up from about $1.4 million in the first quarter, as the company continues its transformation into an AI infrastructure provider. The company has shown remarkable revenue growth of over 2,000% in the last twelve months, according to InvestingPro data.
The company’s net loss improved to approximately $4.2 million from $4.6 million in the previous quarter, with operating cash outflow reduced by about 35% to $1.2 million, according to a press release. However, InvestingPro analysis reveals concerning metrics, including a weak gross profit margin of 3.35% and a current ratio of 0.25, indicating potential liquidity challenges.
Nixxy stated that its August telecom revenue exceeded $10 million, with September revenue expected to surpass $14 million. The company is targeting 2026 annualized telecom revenue of over $200 million, with profitability and positive operating cash flows anticipated in early 2026. The stock, currently trading at $1.44, has experienced significant pressure, down 72.72% year-to-date and trading near its 52-week low of $1.35, compared to its high of $8.50.
In August, Nixxy closed an asset purchase of Everythink Innovations, acquiring Tier 3 edge infrastructure in Vancouver and Fremont, California, along with approximately $48 million in annual recurring revenue. This infrastructure was integrated into the company’s NIXXY CORE platform in September.
The company plans to launch LeadNova.ai later this year, described as a SaaS platform for data-driven business development. Nixxy acquired the LeadNova.ai platform assets in June and is incorporating them into its AI-driven communications stack.
Nixxy’s strategy centers on its NIXXY CORE platform, which is designed to deploy private large language models (LLMs) with privacy and compliance features, supported by edge data centers.
The company’s current priorities include scaling its NIXXY COMM revenue and margins, launching LeadNova, commercializing its Private LLM-as-a-Service for small and medium enterprises, and advancing data monetization.
Financial information provided in the press release represents unaudited operational estimates, according to the company. For deeper insights into Nixxy’s financial health and valuation metrics, including 10 additional exclusive ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Nixxy, Inc. has announced preliminary revenue projections of approximately $13.3 million for the second quarter of 2025. The company also expects revenue of over $7.5 million for July 2025 and $10 million for August 2025, indicating a positive growth trajectory. Additionally, Nixxy has secured a $2 million revolving growth facility with an 8.25% interest rate, allowing the company to draw up to $500,000 monthly over a year. The lender has the option to convert principal and interest into Nixxy common stock at a fixed price of $2.00 per share.
In governance developments, CEO Mike Schmidt has been appointed to Nixxy’s board of directors. Schmidt has extensive experience in the communications industry, having held leadership roles in various companies before joining Nixxy. Furthermore, Nixxy has been added to the Russell 3000E Index as part of the annual reconstitution of the Russell US Indexes. This inclusion reflects the company’s growing presence in the U.S. market.
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