other_material
confidence high
sentiment neutral
materiality 0.85
Nixxy reports Q2 revenue $13.47M and acquires EDGE data center assets for $3.65M
Nixxy, Inc.
- Q2 2025 revenue of $13.47M, primarily from telecom services; year-to-date revenue $14.86M through June 30, 2025.
- Acquired EDGE data center assets of Everythink Innovations for $3.65M in cash and stock; includes $48M in annual recurring revenue.
- Issued 2 million restricted shares and agreed to pay $150,000 upon conditions for the acquisition.
- Balance sheet: cash of $940,000, total assets $13.25M, stockholders' equity $6.73M at quarter-end.
- Closed or advanced three IP acquisitions: Savitr (Aura CPaaS), Aqua Software (AI systems), and NexGenAI (gen-AI/ML).
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