Nixxy, Inc. (NASDAQ: NIXX), an AI-enabled telecommunications and data infrastructure company, reported financial results for the first quarter ended March 31, 2026, highlighting a significant revenue increase and continued progress in its strategic transformation. Revenue for the quarter reached approximately $29.1 million, up from $1.3 million in the prior-year quarter, reflecting the rapid scaling of the company's global telecommunications platform.
Loss from continuing operations improved to approximately ($1.2) million from ($3.8) million in the same period last year. Cash increased to $1.0 million as of March 31, 2026, compared to $0.2 million on December 31, 2025. Total stockholders' equity rose to $10.1 million from $8.0 million over the same period. These financial improvements underscore the company's focus on operational efficiency and disciplined growth.
Nixxy continued to expand its telecommunications infrastructure platform through wholesale voice and messaging traffic growth, routing optimization, billing technologies, and strategic software initiatives related to embedded transaction and payment workflow capabilities. The company is executing a strategic transition from a legacy recruiting marketplace business into a telecommunications and AI infrastructure platform, integrating assets acquired during 2025, including billing systems, AI technologies, and EDGE infrastructure.
"Our first quarter results reflect the continued execution of Nixxy's strategic transformation and the rapid scaling of our telecommunications platform," said Mike Schmidt, CEO of Nixxy. "We are building a scalable communications infrastructure platform supported by AI-enabled routing, automation, and strategic software assets. As part of this evolution, we continue expanding our strategic collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies intended to support communications-enabled payment workflows, cross-border transaction capabilities, and next-generation digital infrastructure initiatives."
Schmidt emphasized the convergence of telecommunications, AI, and financial transaction technologies as a significant long-term opportunity, positioning Nixxy at the intersection of these rapidly evolving markets. The company remains focused on improving its long-term margin profile while expanding global operations.
The financial results are detailed in the company's Quarterly Report on Form 10-Q filed with the SEC. Additional information about Nixxy's AI-enabled communications and data infrastructure platform can be found at www.nixxy.com.
