Nixxy, Inc. (NASDAQ: NIXX) reported financial results for the first quarter of 2026, highlighting a significant revenue increase to approximately $29.1 million, compared to $1.3 million in the prior-year quarter. The company attributed the growth to the continued expansion of its global telecommunications platform, which now includes wholesale voice and messaging traffic growth, routing optimization, and telecommunications billing technologies.
The company, which has shifted from a legacy recruiting marketplace to an AI-enabled telecommunications and data infrastructure firm, also reported an improvement in loss from continuing operations to approximately $(1.2) million from $(3.8) million in the same period last year. Cash balances increased to $1.0 million as of March 31, 2026, up from $0.2 million on December 31, 2025, while total stockholders' equity rose to $10.1 million from $8.0 million.
During the quarter, Nixxy continued integrating telecommunications billing systems, AI technologies, and EDGE infrastructure assets acquired in 2025. The company is also expanding its collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies. This partnership aims to support communications-enabled payment workflows, cross-border transaction capabilities, and next-generation digital infrastructure initiatives.
CEO Mike Schmidt noted, "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." He added that the convergence of telecommunications, AI, and financial transaction technologies represents a significant long-term opportunity.
The company emphasized its focus on operational efficiency, disciplined growth, and improving long-term margin profiles as it expands global telecommunications operations and infrastructure capabilities. The financial results are derived from Nixxy's unaudited condensed consolidated financial statements included in its Quarterly Report on Form 10-Q filed with the SEC.
For more information, visit Nixxy's website. The original press release is available on NewMediaWire.
