Nixxy Reports Strong First Quarter 2026 Results Following Strategic Transformation With Q1 Revenue of $29.1 Million

Nixxy, Inc. (NASDAQ: NIXX) reported financial results for the first quarter ended March 31, 2026, highlighting a significant revenue increase to approximately $29.1 million compared to $1.3 million in the prior-year quarter. The results reflect the company's ongoing strategic transformation from a legacy recruiting marketplace business into an AI-enabled telecommunications and data infrastructure platform.

Loss from continuing operations improved to approximately ($1.2) million from ($3.8) million in the same period last year. Cash increased to approximately $1.0 million as of March 31, 2026, up from $0.2 million on December 31, 2025. Total stockholders' equity rose to approximately $10.1 million from $8.0 million over the same period.

During the quarter, Nixxy 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. The company also integrated 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: "Our first quarter results reflect the continued execution of Nixxy's strategic transformation and the rapid scaling of our telecommunications platform. We are building a scalable communications infrastructure platform supported by AI-enabled routing, automation, and strategic software assets." Schmidt also highlighted the expansion of the company's strategic collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies.

The convergence of telecommunications, AI, and financial transaction technologies represents a significant long-term opportunity, and Nixxy is positioning its platform at the intersection of these rapidly evolving markets. 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.

Nixxy operates a carrier-scale telecommunications network delivering wholesale voice and messaging services enhanced by automation, analytics, and optimized routing technologies. The company 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 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. For more information, visit www.nixxy.com.