Business
Nixxy Reports Strong First Quarter 2026 Results Following Strategic Transformation with Q1 Revenue of $29.1 Million
Nixxy Inc. (NASDAQ:NIXX) NEW YORK, NY, UNITED STATES, May 14, 2026 /EINPresswire.com/ -- Nixxy, Inc. (NASDAQ: NIXX) (“Nixxy” or the “Company”), an
About this update from Nixxy, Inc.
[{"type":"text","content":" Nixxy Inc. (NASDAQ:NIXX)NEW YORK, NY, UNITED STATES, May 14, 2026 /EINPresswire.com/ -- Nixxy, Inc. (NASDAQ: NIXX) (“Nixxy” or the “Company”), an AI-enabled telecommunications and data infrastructure company, today announced financial results for the quarter ended March 31, 2026, as reported in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission. Financial and operational highlights for the first quarter of 2026 include: • Revenue increased to approximately $29.1 million for the first quarter of 2026, compared to approximately $1.3 million in the prior-year quarter, reflecting the continued expansion of the Company’s global telecommunications platform. • Loss from continuing operations improved to approximately ($1.2) million, compared to approximately ($3.8) million in the prior-year period. • Cash increased to approximately $1.0 million as of March 31, 2026, compared to approximately $0.2 million on December 31, 2025. • Total stockholders’ equity increased to approximately $10.1 million as of March 31, 2026, compared to approximately $8.0 million on December 31, 2025. • The Company continued expanding its telecommunications infrastructure platform through wholesale voice and messaging traffic growth, routing optimization, telecommunications billing technologies, and strategic software initiatives related to embedded transaction and payment workflow capabilities. During the quarter, Nixxy continued executing its strategic transition from a legacy recruiting marketplace business into a telecommunications and AI infrastructure platform. The Company also continued integrating telecommunications billing systems, AI technologies, and EDGE infrastructure assets acquired during 2025 as part of its broader infrastructure strategy. “Our first quarter results reflect the continued execution of Nixxy’s strategic transformation and the rapid scaling of our telecommunications platform,” said Mike Schmidt, CEO of Nixxy. “We are building a scalable communications infrastructure platform supported by AI-enabled routing, automation, and strategic software assets. As part of this evolution, we continue expanding our strategic collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies intended to support communications-enabled payment w...