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Nixxy, Inc. (NASDAQ:NIXX), a computer programming services company currently trading at $1.80 per share, has engaged a new independent registered public accounting firm, HTL International, LLC, for the fiscal year ending December 31, 2025. The announcement comes as the company faces financial challenges, with InvestingPro data showing a "WEAK" overall financial health score. The announcement was made today, following a decision by the company’s Audit Committee.
The appointment of HTL International, LLC comes after the committee’s evaluation and is in line with the authority granted by its charter. The $36 million market cap company, which is listed on the NASDAQ Capital Market under the ticker (NASDAQ:NIXX), disclosed that during the fiscal years ending December 31, 2024, and December 31, 2023, and up to June 11, 2025, the company had not consulted HTL on any accounting principles or auditing issues that would have significantly affected their financial statements. Despite showing strong revenue growth of 54% in the last twelve months, InvestingPro analysis indicates the company’s current ratio of 0.29 suggests potential liquidity concerns. Furthermore, there were no disagreements or reportable events between the company and the newly appointed accounting firm during this period.
The engagement of HTL is part of the company’s compliance with regulatory requirements and reflects its commitment to maintaining rigorous financial oversight. With the next earnings report scheduled for August 14, 2025, investors seeking deeper insights can access additional financial metrics and 8 more exclusive tips through InvestingPro. Nixxy, Inc.’s choice to switch to HTL International, LLC is a critical component of its corporate governance practices, ensuring the integrity and reliability of its financial reporting.
This change in the company’s certifying accountant was filed with the Securities and Exchange Commission (SEC) and is publicly available through the SEC’s filing system. The information is based on a press release statement from Nixxy, Inc. and reflects the company’s ongoing efforts to uphold high standards of financial transparency and accountability.
In other recent news, Nixxy, Inc. reported a significant increase in unaudited gross revenue, reaching approximately $5.2 million in May 2025, up from $1.4 million in April 2025. This growth is attributed to the company’s strategic acquisition of assets from Leadnova.ai, which aims to bolster Nixxy’s capabilities in data delivery and engagement analytics. The company is targeting a $10 million monthly revenue run rate by August 2025. Additionally, Nixxy has appointed Mike Schmidt as the new Chief Executive Officer, bringing over two decades of industry experience to lead the company’s expansion into telecom and AI markets. Ashissh Raichura has also been appointed to Nixxy’s Board of Directors, bringing extensive expertise in AI-driven diagnostics and compliance. The company has priced a registered direct offering for the sale of up to 846,667 shares of common stock at $1.50 per share. Nixxy plans to introduce commercial SMS traffic to its revenue streams and expand its executive team to support its AI-enabled telecom initiatives. These developments are part of Nixxy’s broader strategy to strengthen its telecom infrastructure and innovation in high-growth markets.
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