Nixxy Inc
recruiter.comWhat Do They Do?
Runs a cloud-based telecommunications platform providing wholesale voice, SMS messaging, and carrier interconnection services to telecommunications carriers.
10-K for FY2025, filed Apr 15, 2026The Company operates a carrier-scale telecommunications network delivering wholesale voice and messaging services, enhanced by automation…View ↗
Our core operating subsidiary provides a cloud-based telecommunications platform offering:View ↗
This platform serves as the Company’s primary revenue engine, supporting high-volume communications traffic across global carrier…View ↗
How Do They Make Money?
Carrier customers pay by the minute for completed calls and by the message delivered; payment is generally due within 30 to 60 days.
10-K for FY2025, filed Apr 15, 2026These services are provided under bilateral carrier agreements that establish pricing based on contractual rate schedules (“Rate Decks”)…View ↗
Each successfully terminated voice call or delivered SMS message represents a distinct performance obligation. Revenue is recognized at a…View ↗
Telecommunications agreements typically have one-year terms with early termination provisions. Payment terms are generally 30 to 60 days.…View ↗
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10-K for FY2025, filed Apr 15, 2026
FY2025 revenue by product or service ↗
$97.9M
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10-K for FY2025, filed Apr 15, 2026
$97.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Telecommunication Services
Usage-based
10-K for FY2025, filed Apr 15, 2026 |
100% |
Telecommunication Services, FY2025
$97.9M Sources
|
Usage-based |
|
Consulting And Staffing Services
|
0.0% |
Consulting And Staffing Services, FY2025
$0 Sources
|
Who Are Their Customers?
Serves telecommunications carriers through bilateral agreements for wholesale voice termination, SMS routing and delivery, and interconnection services.
10-K for FY2025, filed Apr 15, 2026
Do Revenues Turn Into Profits?
No. It lost $15M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 12, 2026
−$2.3MView ↗
- ▼ −46% (Loss)
- vs −$4.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Sep 4, 2026
Nasdaq issued a minimum-bid-price notice; Nixxy appointed a CFO
Nixxy received a notice over its minimum bid price and appointed Elsa Sung as CFO.
Sources
8-K, filed Sep 4, 2026
On September 1, 2026, Nixxy, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the…View ↗
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Jul 31, 2026
Nixxy ended the Tachyon LOI and pursued the Nakota project directly
After ending the Tachyon letter of intent, Nixxy said it was negotiating directly to procure the Nakota property and fund permitting.
Sources
8-K, filed Jul 31, 2026
On July 30, 2026, Nixxy, Inc. (the “Company”) terminated the binding Letter of Intent (the “Binding Letter of Intent”) with Tachyon 9…View ↗
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Jul 9, 2026
CEO Mike Schmidt resigned and David Kratochvil was appointed CEO
Sources
8-K, filed Jul 9, 2026
On July 2, 2026, Mike Schmidt notified Nixxy, Inc. (the "Company") of his decision to resign as Chief Executive Officer of the Company and…View ↗
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Jun 15, 2026
Nixxy signed a binding LOI for a proposed Tachyon business combination
The proposal would combine the companies into a publicly traded AI and high-performance-computing infrastructure business, subject to conditions.
Sources
8-K, filed Jun 15, 2026
On June 15, 2026, Nixxy, Inc. (the “Company”) entered into an amended and restated binding Letter of Intent (the "Binding Letter of…View ↗
Growing. Revenue grew 4.4x in 4 years, from $22.2M in FY2021 to $97.9M in FY2025, about 45% a year.
From recruiting to telecom
The older report described recruiting marketplaces, staffing, and hiring platforms for employers; the latest centers on wholesale voice and messaging and is developing communications-linked transaction workflows.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Apr 15, 2026The Company operates a carrier-scale telecommunications network delivering wholesale voice and messaging services, enhanced by automation…View ↗
The Company is pursuing a strategy to extend its communications platform into transaction-enabled workflows, leveraging its global network…View ↗
Enabling communications-driven transaction workflows, such as payment notifications, confirmations, and identity verificationView ↗
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