Nixxy, Inc. (NASDAQ: NIXX), an AI-enabled telecommunications and data infrastructure company, announced financial results for the first quarter ended March 31, 2026, highlighting a significant revenue increase and continued progress in its strategic transformation from a legacy recruiting marketplace to a telecommunications platform.
Revenue for the first quarter of 2026 reached approximately $29.1 million, compared to $1.3 million in the prior-year quarter, reflecting the expansion of the company's global telecommunications platform. The loss from continuing operations improved to approximately $1.2 million, compared to a loss of $3.8 million in the same period last year. Cash 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 over the same period.
The company attributed its strong performance to continued growth in wholesale voice and messaging traffic, routing optimization, telecommunications billing technologies, and strategic software initiatives related to embedded transaction and payment workflow capabilities. During the quarter, Nixxy also integrated telecommunications billing systems, AI technologies, and EDGE infrastructure assets acquired in 2025 as part of its broader infrastructure strategy.
“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.”
Schmidt highlighted the company's expanding collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies. These efforts are intended to support communications-enabled payment workflows, cross-border transaction capabilities, and next-generation digital infrastructure initiatives. “The convergence of telecommunications, AI, and financial transaction technologies represents a significant long-term opportunity, and we believe Nixxy is continuing to position its platform at the intersection of these rapidly evolving markets,” he added.
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. The 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.
