NEW YORK, NY / ACCESS Newswire / January 5, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI-driven communications and data infrastructure company, today announced the completion of its previously disclosed separation of its legacy Marketplace line of business into CognoGroup, Inc. (OTC Markets: CGNO) ("CognoGroup"). Following several actions, Nixxy now holds an ownership percentage of approximately 19.99% of CognoGroup's fully diluted equity. ...

Financial Data and Key Metrics Changes - The meeting discussed the appointment of HTL International LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025, indicating a focus on maintaining compliance and transparency in financial reporting [4]. Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided in the meeting [6]. Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting [6]. Company Strategy and Development Direction and Industry Competition - The company presented proposals for the election of directors and the approval of an equity incentive plan, suggesting a focus on governance and aligning management incentives with shareholder interests [3][4]. Management's Comments on Operating Environment and Future Outlook - The management did not provide specific comments on the operating environment or future outlook during this meeting [6]. Other Important Information - The meeting was conducted in accordance with the company's bylaws, and a quorum was present, allowing the meeting to proceed [3]. Q&A Session All Questions and Answers - There were no questions or answers recorded during the meeting [6].

Financial Data and Key Metrics Changes - The meeting discussed the election of directors and the appointment of an independent accounting firm, indicating a stable governance structure [2][4]. Business Line Data and Key Metrics Changes - No specific financial data or business line metrics were provided during the meeting [6]. Market Data and Key Metrics Changes - No market-specific data or metrics were discussed in the meeting [6]. Company Strategy and Development Direction and Industry Competition - The company is focused on maintaining strong governance through the election of directors and the approval of an equity incentive plan, which may indicate a strategy to align management interests with shareholder value [3][4]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [6]. Other Important Information - The meeting included proposals for the election of directors, the appointment of an accounting firm, and the approval of an equity incentive plan, reflecting ongoing corporate governance activities [3][4][5]. Q&A Session All Questions and Answers - There were no questions or answers recorded during the meeting [6].

Financial Data and Key Metrics Changes - The meeting discussed the election of six directors and the ratification of the independent registered public accounting firm for the fiscal year ending December 31, 2025, indicating ongoing governance and compliance efforts [3][4]. Business Line Data and Key Metrics Changes - The company proposed an Equity Incentive Plan for 2025, which suggests a focus on aligning employee incentives with company performance [4]. Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [6]. Company Strategy and Development Direction - The company is focused on governance by electing directors and appointing an independent accounting firm, which reflects a commitment to transparency and accountability [3][4]. Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [6]. Other Important Information - The meeting was conducted in accordance with the company's bylaws, and a quorum was present, allowing the meeting to proceed [2][3]. Q&A Session All Questions and Answers - There were no questions or answers recorded during the meeting [6].

Core Insights - Nixxy, Inc. has appointed Julia Yu as Chief Financial Officer, a strategic move as the company prepares for significant growth in 2026 [1][2] - The previous CFO consulting arrangement with Adam Yang has concluded, and the company expressed gratitude for his leadership [1] Leadership and Experience - Julia Yu brings over two decades of experience in global finance, with expertise in SEC reporting, IPO readiness, compliance, audit oversight, capital markets, M&A, and financial transformation [2][3] - She has held senior finance roles at ExxonMobil and Unilever, providing her with extensive operational and global experience [3] Strategic Importance - The appointment is seen as timely, as Nixxy anticipates rapid growth in its AI-native communications and data infrastructure platform [2] - Ms. Yu's experience with global innovators like AWS, Stripe, and NVIDIA is expected to be critical for Nixxy as it manages a more complex business environment [4][5] Company Overview - Nixxy, Inc. is positioned at the forefront of AI-powered business services, focusing on scalable and secure infrastructure for deploying private AI [6] - The company's strategy emphasizes platform extensibility, data monetization, and access models, aiming to build a foundation for future enterprise AI deployment [6]

NEW YORK, NY / ACCESS Newswire / December 3, 2025 / Nixxy Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI-driven communications and data infrastructure company, today announced that its monthly revenue run-rate has increased from just over $1 million in February 2025 to over $15 million in November 2025. This represents more than a 1,000% increase in monthly revenue run-rate in under a year and an implied annualized revenue run-rate of approximately $180 million. ...

Core Insights - Nixxy Inc. has announced that its AI-powered sales acceleration platform, Leadnova.ai, has entered User Acceptance Testing (UAT) with a commercial beta launch planned for Q1 2026 [1] - The introduction of Leadnova.ai positions Nixxy to enter the AI data market and unlock future data monetization opportunities [1] - The product roadmap of Nixxy is closely aligned with its AI data infrastructure strategy and robust telecommunications delivery network [1]

Core Viewpoint - Nixxy, Inc. is exploring its potential role as a digital asset treasury provider following inquiries from various financial institutions and partners [1] Group 1: Company Update - Nixxy, Inc. is a technology company focused on AI-enabled communications and data infrastructure [1] - The company conducted a strategic review regarding potential digital asset treasury initiatives during Q3 2025 [1] - Nixxy received inquiries from banks, digital asset platforms, crypto foundations, and other partners about its potential role in the digital asset space [1]

Financial Performance - For the three-month period ended September 30, 2025, the company reported revenue of $31.9 million, a significant increase of $31.8 million or 23387% compared to $0.1 million in the same period of 2024, primarily driven by telecommunications services [268]. - For the nine-month period ended September 30, 2025, revenue reached $46.8 million, an increase of $46.3 million or 9416% compared to $0.5 million in the same period of 2024, mainly due to telecommunications services [277]. - The company incurred a net loss from continuing operations of $2.2 million for the three-months ended September 30, 2025, compared to a net loss of $13.3 million in the same period of 2024 [276]. - Net loss from continuing operations was $2.2 million for the nine months ended September 30, 2025, a significant improvement from a net loss of $11.0 million in the same period of 2024 [285]. - Adjusted EBITDA loss for the nine months ended September 30, 2025, was $5.7 million, compared to a loss of $124,596 in 2024 [290]. - The company has incurred net losses and negative operating cash flows since inception, with a net loss of $10.9 million for the nine months ended September 30, 2025 [297]. Revenue and Cost of Revenue - The cost of revenue for the same period was $31.8 million, reflecting an increase of $31.8 million from $0 in the corresponding period in 2024, attributed to the rise in revenue-generating operations [269]. - The cost of revenue for the nine-month period was $46.4 million, up from $3,000 in the corresponding period in 2024, representing an increase of $46.4 million [278]. Operating Expenses - Total operating expenses for the three-month period ended September 30, 2025, were $34.1 million, an increase of $28.5 million or 505% compared to $5.6 million in the same period of 2024 [270]. - Total operating expenses for the nine-month period ended September 30, 2025, were $56.4 million, an increase of $48.4 million or 604% compared to $8.0 million in the same period of 2024 [279]. - General and administrative expenses were $7.5 million for the nine months ended September 30, 2025, compared to $7.1 million in 2024, with non-cash stock-based compensation accounting for $3.6 million in 2025 and $5.1 million in 2024 [283]. Cash Flow and Financing - Net cash used in operating activities was $4.1 million for the nine months ended September 30, 2025, compared to $1.7 million in 2024 [291]. - Net cash provided by financing activities was $2.0 million for the nine months ended September 30, 2025, primarily from $1.8 million in cash received from the sale of common stock [294]. - The company secured a $2.0 million revolving growth facility to fund disciplined expansion without compromising shareholder alignment [266]. - Future operations are expected to be funded through additional securities offerings, as equity offerings have been the primary source of liquidity to date [299]. Acquisitions and Developments - The company completed the acquisition of Everythink Innovations' carrier and edge data center assets, adding an estimated $48 million of ARR exposure into NIXXY CORE™ [265]. - The Leadnova platform entered User Acceptance Testing in Q4 2025, with a commercial launch targeted for early 2026 [266]. - Product development expenses increased to $229 thousand for the nine months ended September 30, 2025, from $32 thousand in 2024, primarily due to higher hosting and data expenses [281]. Accounting Policies and Standards - Marketplace advertising revenues are recognized on a gross basis when advertising is placed and displayed, with payments typically due within 30 days of service completion [305]. - Consulting and Staffing Services revenues are recognized when services are rendered, with payments typically due within 90 days of service completion [306]. - Auralink recognizes revenue for SMS and VoiceIP transmission services at the point of delivery confirmation, acting as principal in these transactions [307]. - Contract liabilities arise when customers have paid for services but revenue recognition criteria have not yet been met [308]. - Goodwill is tested for impairment annually or when indicators suggest fair value may be below carrying value, with assessments based on qualitative and quantitative factors [311][313]. - Stock-based compensation is measured at grant date fair value and recognized over the service or vesting period, requiring significant judgment in estimating various factors [316]. - The FASB issued ASU 2023-07 to improve reportable segment disclosures, effective for annual periods beginning after December 15, 2023 [318]. - ASU 2023-09 aims to enhance income tax disclosures, effective January 1, 2025 [319]. - ASU 2024-03 requires detailed disaggregation of expenses in the income statement, effective for fiscal years beginning after December 15, 2026 [320].

Core Insights - Nixxy, Inc. has announced a contract increase with Sky PLL Data Center OU, Estonia, which will expand traffic by approximately $12 million per year starting January 2026 [1] - This agreement is expected to contribute an additional $1 million in monthly revenue to Nixxy's telecommunications services business, focusing on scaling across voice and SMS [1] Financial Performance - The company reported approximately $15.34 million in monthly revenues for October [1] - The new contract is projected to enhance annual revenues significantly, indicating a strong growth trajectory for the company [1]