GALAXY NEXT GENERATION, INC.
galaxynext.usNo Longer Reporting
The company has not filed an annual or quarterly report since its 10-Q, filed May 22, 2023. Its latest SEC filing is a REVOKED from Feb 20, 2025.
10-Q, filed May 22, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells interactive classroom panels, bell and intercom systems, and audio equipment to schools and other education and commercial customers.
10-K for FY2022, filed Sep 23, 2022Galaxy is a manufacturer and U.S. distributor of interactive learning technologies and enhanced audio solutions. We are engaged in a full…View ↗
We are engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, and…View ↗
Marketing and Sales. Our sales force is comprised of direct sales staff and resellers located throughout the United States supporting all…View ↗
The three key components of our product line are our (i) interactive flat panels, (ii) bell, paging, and intercom solutions, and (iii)…View ↗
How Did They Make Money?
Customers pay for interactive panels and related products when the goods are shipped or accepted. Installation services are paid for as the work is performed; purchases may also include deposits or advance payments.
10-K for FY2022, filed Sep 23, 2022
$3.9M
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10-K for FY2022, filed Sep 24, 2022
$3.9M ↗
Who Were Their Customers?
Schools and other commercial and educational customers buy directly from Galaxy’s sales team or through U.S. resellers. Its own reseller channel sells directly to K–12 schools, while OEM customers buy audio products that are sold under other brands.
10-K for FY2022, filed Sep 23, 2022Galaxy is a manufacturer and U.S. distributor of interactive learning technologies and enhanced audio solutions. We are engaged in a full…View ↗
Marketing and Sales. Our sales force is comprised of direct sales staff and resellers located throughout the United States supporting all…View ↗
Manufacturing. We are the original equipment manufacturer (OEM) for an audio amplification device used primarily in classrooms. Most of…View ↗
Classroom Audio Amplification Solutions. Most of our audio solutions are currently being sold to companies as a white labeled product and…View ↗
Galaxy is a manufacturer and U.S. distributor of interactive learning technology hardware and software that allows the presenter and…View ↗
10-K for FY2022, filed Sep 23, 2022
Galaxy has two customers that accounted for approximately 77% of accounts receivable at June 30, 2022 and two customers that accounted for…View ↗
Did Revenues Turn Into Profits?
No. It lost $6.3M in FY2022.
10-K for FY2022, filed Sep 24, 2022
−$4.7MView ↗
10-K for FY2022, filed Sep 24, 2022
−$6.3MView ↗
10-K for FY2022, filed Sep 24, 2022
−$1.4MView ↗
How Were They Changing?
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Dec 12, 2024
Galaxy filed for Chapter 11 bankruptcy protection
The company filed a voluntary reorganization petition after it could not post a $10,035,000 bond related to a judgment; its proposed plan would cancel shareholder equity.
Sources
8-K, filed Dec 12, 2024
The Chapter 11 filing was precipitated by a large judgment entered against the Company on March 26, 2024, in the Superior Court of Fulton…View ↗
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Apr 20, 2023
Galaxy replaced its independent accounting firm
The board dismissed Somerset and appointed Rodefer as auditor for the fiscal year ending June 30, 2023.
Sources
8-K, filed Apr 20, 2023
On April 15, 2023, the Board of Directors of Galaxy Next Generation, Inc. (the “Company”), approved the dismissal of, and dismissed…View ↗
Who Did They Compete With?
Competes with Smart Technologies, Promethean, Samsung, Panasonic, and ClearTouch
10-K for FY2022, filed Sep 23, 2022The interactive education industry is highly competitive and has frequent product introductions and quick technological advances. With less…View ↗
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