other material
confidence high
sentiment positive
materiality 0.75
Nixxy signs $120M telecom contract with Mexedia, outlines growth strategy, authorizes $10M buyback
Nixxy, Inc.
- Secured 12-month contract with Mexedia (ALMEX.PA) for SMS services; supports up to $10M monthly revenue ($120M max).
- Acquired TKOS Systems AI platform for telecom/SMS/data; revises monthly revenue run rate to ~$25-27M.
- Targets net profitability per share by year-end; plans intra-quarterly revenue tracking updates.
- Board authorized $10M share repurchase program; expected to start within 30 days, continue ~180 days.
- Miles Jennings appointed Interim CEO; employment agreement with $350K salary, initial 3-month term.