Nixxy, Inc. Announces Q1 2026 Financial Results

NEW YORK — May 15, 2026 — Leads & Copy — Nixxy, Inc. (NASDAQ: NIXX), an AI-enabled telecommunications and data infrastructure company, has announced its financial results for the quarter ended March 31, 2026. The results were reported in its Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission.

Revenue increased to approximately $29.1 million for the first quarter of 2026, compared to approximately $1.3 million in the prior-year quarter. This increase reflects 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.

Mike Schmidt, CEO of Nixxy, stated that the first quarter results reflect the continued execution of Nixxy’s strategic transformation and the rapid scaling of its telecommunications platform. He added that the company is building a scalable communications infrastructure platform supported by AI-enabled routing, automation, and strategic software assets. He also noted that Nixxy is continuing its strategic collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies intended to support communications-enabled payment workflows, cross-border transaction capabilities, and next-generation digital infrastructure initiatives.

The company noted that it remains focused on operational efficiency, disciplined growth, and improving its long-term margin profile as it continues expanding global telecommunications operations and infrastructure capabilities.

The company operates a carrier-scale telecommunications network delivering wholesale voice and messaging services enhanced by automation, analytics, and optimized logic enabled routing technologies. Nixxy is expanding its platform to support communications-enabled financial workflows, integrating messaging, identity, and transaction capabilities across global digital commerce systems.

The financial results discussed in this release are derived from the Company’s unaudited condensed consolidated financial statements included in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC.

Nixxy, Inc. is building a global platform for telecommunications services and communications-driven transaction workflows.

Source: Nixxy, Inc.