Nixxy Signs $60M Agreement with FingerMotion Subsidiary
Nixxy (NIXX) signed an infrastructure services agreement with Telforge, a wholly owned subsidiary of FingerMotion (FNGR). The twelve-month contract is for Nixxy to potentially manage up to $60M of FingerMotion's 2026 revenues through FNGR's new subsidiary, Telforge, an acquisition signed on March 18. As part of the engagement, Nixxy will provide the backend operational support, focused on strong commercial outcomes for wholesale voice performance, switch and routing management, wholesale rate negotiations, settlement reconciliation and third-party invoice validation. Nixxy will receive a fixed monthly service fee. In addition, the company expects the engagement to generate an estimated incremental operational benefit of approximately $20K per month to its existing telecom business, driven by enhanced routing performance and related operating efficiencies.
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Nixxy board authorizes $10M share repurchase program
Stock Repurchase Authorization: Nixxy's Board of Directors has approved a $10 million stock repurchase program to enhance capital deployment and support long-term growth, set to begin within 30 days and last approximately 180 days.
Funding Sources for Repurchase: The repurchases will be financed through existing cash reserves, retained earnings, future earnings, and potential strategic investments.
Nixxy outlines strategic growth initiatives
Nixxy's Acquisition and Market Strategy: On February 21, 2025, Nixxy acquired TKOS Systems' AI-driven software assets to enhance its capabilities in telecommunications and data services, aiming to improve customer billing and transactional processes while expanding its global customer base.
Revenue Projections and Transparency Initiatives: Nixxy anticipates a monthly revenue run rate of $25-27 million following the acquisition, plans to provide intra-quarterly revenue updates for transparency, and aims for net profitability by year-end, contingent on market conditions and successful integration.
Nixxy’s Auralink AI enters telecommunication, data sectors
Nixxy's Expansion into Telecommunications: Nixxy (NIXX) has acquired a comprehensive telecommunications and software platform, focusing on AI integration in billing and customer management, with plans to launch a subsidiary, Auralink AI, by Q2 2025.
Financial Guidance and Future Plans: The company aims to leverage its new assets to enhance revenue growth and will provide initial financial guidance for the fiscal year and into 2026 in March, complying with SEC regulations.
Nixxy's Auralink AI enters telecom and data sectors; elects Jennings as interim CEO
Nixxy's Expansion into Telecommunications: Nixxy has entered the telecommunications and data sectors by acquiring advanced AI integration, billing, and communication software, aiming to launch a new subsidiary, Auralink AI, in Q2 2025.
Financial Projections and Leadership Changes: The company targets a monthly revenue run rate of $5M in Q2 and $10M in Q3, while appointing Miles Jennings as interim CEO and planning to provide financial guidance for the upcoming fiscal year.
Nixxy, Inc. Reports Shift and Challenges in Latest Earnings
Financial Performance: Recruiter.Com Group, Inc., now known as Nixxy, Inc., reported a significant decline in revenue from $3.01 million in 2023 to $491,544 in 2024, alongside a net loss of $15.1 million due to strategic shifts away from consulting and staffing services.
Strategic Focus: The company is concentrating on completing transactions like asset sales and licensing agreements to stabilize its financial performance and enhance growth through new marketplace solutions despite ongoing challenges in profitability.
Nixxy shares fall as co reports CognoGroup spin-off plans (NASDAQ:NIXX)
Nixxy's Restructuring Plans: Nixxy (NASDAQ: NIXX) is consolidating its assets and liabilities into Atlantic Energy Solutions, which will be renamed CognoGroup.
Stock Performance: The company's stock price fell by 8.89% in premarket trading, reaching $2.46.
Nixxy board authorizes $10M share repurchase program
Stock Repurchase Authorization: Nixxy's Board of Directors has approved a $10 million stock repurchase program to enhance capital deployment and support long-term growth, set to begin within 30 days and last approximately 180 days.
Funding Sources for Repurchase: The repurchases will be financed through existing cash reserves, retained earnings, future earnings, and potential strategic investments.
Nixxy outlines strategic growth initiatives
Nixxy's Acquisition and Market Strategy: On February 21, 2025, Nixxy acquired TKOS Systems' AI-driven software assets to enhance its capabilities in telecommunications and data services, aiming to improve customer billing and transactional processes while expanding its global customer base.
Revenue Projections and Transparency Initiatives: Nixxy anticipates a monthly revenue run rate of $25-27 million following the acquisition, plans to provide intra-quarterly revenue updates for transparency, and aims for net profitability by year-end, contingent on market conditions and successful integration.
Nixxy’s Auralink AI enters telecommunication, data sectors
Nixxy's Expansion into Telecommunications: Nixxy (NIXX) has acquired a comprehensive telecommunications and software platform, focusing on AI integration in billing and customer management, with plans to launch a subsidiary, Auralink AI, by Q2 2025.
Financial Guidance and Future Plans: The company aims to leverage its new assets to enhance revenue growth and will provide initial financial guidance for the fiscal year and into 2026 in March, complying with SEC regulations.
Nixxy's Auralink AI enters telecom and data sectors; elects Jennings as interim CEO
Nixxy's Expansion into Telecommunications: Nixxy has entered the telecommunications and data sectors by acquiring advanced AI integration, billing, and communication software, aiming to launch a new subsidiary, Auralink AI, in Q2 2025.
Financial Projections and Leadership Changes: The company targets a monthly revenue run rate of $5M in Q2 and $10M in Q3, while appointing Miles Jennings as interim CEO and planning to provide financial guidance for the upcoming fiscal year.
Nixxy, Inc. Reports Shift and Challenges in Latest Earnings
Financial Performance: Recruiter.Com Group, Inc., now known as Nixxy, Inc., reported a significant decline in revenue from $3.01 million in 2023 to $491,544 in 2024, alongside a net loss of $15.1 million due to strategic shifts away from consulting and staffing services.
Strategic Focus: The company is concentrating on completing transactions like asset sales and licensing agreements to stabilize its financial performance and enhance growth through new marketplace solutions despite ongoing challenges in profitability.
Nixxy shares fall as co reports CognoGroup spin-off plans (NASDAQ:NIXX)
Nixxy's Restructuring Plans: Nixxy (NASDAQ: NIXX) is consolidating its assets and liabilities into Atlantic Energy Solutions, which will be renamed CognoGroup.
Stock Performance: The company's stock price fell by 8.89% in premarket trading, reaching $2.46.
