N
Nixxy, Inc.
NIXXCIK 0001462223NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthServices-Computer Programming ServicesNevadaFY ends Dec 31
Period
FY 2025
Revenue
$97.91M
Net Income
$-14.98M
Total Assets
$13.18M
Equity
$7.98M
Shares Out
26.89M
Op. Cash Flow
$-4.57M
Business
Nixxy, Inc. is a holding company that operates technology businesses focused on telecommunications, fintech and legacy recruiting interests through its subsidiaries. It offers cloud-based telecom and billing systems, AI integration, wholesale SMS and voice routing services, and fintech/mobile commerce platforms including CreateApp, Paylogiq, and Gologiq. Key operating units include AuraLink AI for telecom operations, recruit-focused subsidiaries from its historical platform businesses, and licensed GoLogiq technology products and related acquisitions. The company distributes services via SaaS/PaaS subscriptions, reseller partnerships and wholesale carrier interconnections across the United States, Greater South East Asia and global wholesale telecom markets.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 98 | 6,000 | 3 | 21 | 22 | |
| Cost of revenue (exclusive of amortization shown separately below) | 98 | 3,000 | — | — | — | |
| Sales and marketing | 604,000 | 671,000 | 387,359 | 725,687 | 472,213 | |
| Product development | 246,000 | 41,000 | 416,897 | 1 | 1 | |
| Amortization of intangibles | 2 | 569,000 | 1 | 4 | — | |
| Goodwill and intangible assets impairment | 2 | 5 | — | — | — | |
| General and administrative | 7 | 7 | 6 | 15 | 17 | |
| Total operating expenses | 110 | 13 | 11 | 25 | 24 | |
| LOSS FROM CONTINUING OPERATIONS | −12 | −13 | −8 | −18 | −17 | |
| Interest expense | −123,000 | −654,000 | — | — | — | |
| Gain on assets sale | 0 | 2 | 551,127 | — | — | |
| Loss on adjustment of fair value of marketable securities | −136,000 | −240,000 | — | — | — | |
| Loss on debt extinguishment | 0 | −9 | 0 | 1 | 24,925 | |
| Other income (expense) | 69,000 | 6,000 | — | — | — | |
| Change in fair value of contingent consideration | −1 | 0 | — | — | — | |
| Total other (expenses) income | −1 | −8 | 2,017 | — | 610,336 | |
| Loss from continuing operations before income taxes | −13 | −21 | −8 | −18 | −16 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | |
| NET LOSS FROM CONTINUING OPERATIONS | −13 | −21 | — | — | — | |
| Net loss from discontinued operations | −2 | −2 | — | — | — | |
| Net loss | −15 | −23 | −7 | −16 | −16 | |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | −15 | −23 | — | — | — | |
| NET LOSS FROM CONTINUING OPERATIONS PER COMMON SHARE - BASIC | −0.64 | −3.49 | — | — | — | |
| NET LOSS FROM CONTINUING OPERATIONS PER COMMON SHARE - DILUTED | −0.64 | −3.49 | −6.08 | — | — | |
| NET LOSS FROM DISCONTINUED OPERATIONS PER COMMON SHARE - BASIC | −0.09 | −0.33 | — | — | — | |
| NET LOSS FROM DISCONTINUED OPERATIONS PER COMMON SHARE - DILUTED | −0.09 | −0.33 | — | — | — | |
| NET LOSS PER COMMON SHARE - BASIC | −0.73 | −3.82 | — | — | — | |
| NET LOSS PER COMMON SHARE - DILUTED | −0.73 | −3.82 | −5.64 | — | — | |
| WEIGHTED AVERAGE COMMON SHARES - BASIC | 20 | 6 | — | — | — | |
| WEIGHTED AVERAGE COMMON SHARES - DILUTED | 20 | 6 | 1 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-03-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash | 182,000 | 3 | — | 1 | — | |
| Accounts receivable, net of allowance for credit losses of $835 and $864, respectively | 1 | 8,000 | — | 405,786 | — | |
| Prepaid expenses and other current assets | 108,000 | 459,000 | — | 252,099 | — | |
| Investment in Marketable Securities | 343,000 | 142,000 | — | 382,000 | — | |
| Current assets of discontinued operations | 0 | 24,000 | — | — | — | |
| Total current assets | 2 | 3 | — | 2 | — | |
| Property and equipment, accumulated depreciation of $61 and $54, respectively | 0 | 7,000 | — | 36,311 | — | |
| Intangible assets, net | 11 | 801,000 | — | 1 | — | |
| Goodwill | 0 | 2 | — | 6 | 7 | |
| Non-current assets of discontinued operations | 0 | 1 | — | — | — | |
| Total assets | 13 | 7 | — | 10 | — | |
| Accounts payable | 3 | 1 | — | 2 | — | |
| Accrued expenses | 930,000 | 767,000 | — | 770,625 | — | |
| Accrued compensation | 125,000 | 123,000 | — | 154,764 | — | |
| Accrued interest | 11,000 | 254,000 | — | 280,597 | — | |
| Contingent consideration | 500,000 | 0 | — | — | — | |
| Other liabilities | 17,000 | 17,000 | — | 82,188 | — | |
| Loans payable - current portion, net of discount | 56,000 | 1 | — | 6 | — | |
| Line of credit payable | 775,000 | 0 | — | — | — | |
| Refundable deposit on preferred stock purchase | 285,000 | 285,000 | — | — | — | |
| Contract liabilities | 0 | 49,000 | — | — | — | |
| Current liabilities of discontinued operations | 0 | 608,000 | — | 0 | — | |
| Total current liabilities | 5 | 4 | — | 10 | — | |
| Total liabilities | 5 | 4 | — | 10 | — | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock, $0.0001 par value; 200,000,000 shares authorized; 25,946,889 and 15,086,476 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | 3,000 | 2,000 | 647,055 | 143 | — | |
| Common Stock to be issued, 402,737 and 506,625 shares as of December 31, 2025 and 2024, respectively | 0 | 0 | — | 0 | — | |
| Additional paid-in capital | 122 | 102 | — | 77 | — | |
| Accumulated deficit | −114 | −99 | — | −76 | — | |
| Total stockholders' equity | 8 | 3 | — | 930,008 | — | |
| Total liabilities and stockholders' equity | 13 | 7 | — | 10 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 2 | 1 | 1 | 4 | 3 | |
| Equity based compensation expense - stock | 5 | 6 | 1 | — | — | |
| Equity based compensation expense - options | 37,000 | 112,000 | — | — | — | |
| Accounts receivable collected on assets held for distribution | 7,000 | 0 | — | — | — | |
| Allowance for (recovery of) credit losses | 7,000 | −84,000 | — | — | — | |
| Impairment expense | 2 | 5 | 0 | 4 | — | |
| Loss on shares issued in settlement of consulting agreement | 0 | 153,000 | — | — | — | |
| Loss on debt settlement | 0 | 9 | — | — | — | |
| Gain on deconsolidation | −337,000 | 0 | — | — | — | |
| Change in fair value of derivative liability | 53,000 | 0 | — | — | 0 | |
| Change in fair value of warrant liability | 2,000 | −13,000 | −96,000 | — | — | |
| Gain on assets sale | 0 | −2 | −552,527 | −250,000 | — | |
| Amortization of debt discount and debt costs | 0 | 177,000 | 1 | — | — | |
| (Increase) decrease in accounts receivable | −1 | 458,000 | 2 | −1 | −5 | |
| Decrease (increase) in prepaid expenses and other current assets | 416,000 | −207,000 | 95,623 | 253,149 | −74,742 | |
| Increase (decrease) in accounts payable and accrued liabilities | 2 | −321,000 | −18,489 | −594,967 | 2 | |
| Decrease in deferred revenue | −49,000 | −54,000 | −65,371 | −531,231 | 525,767 | |
| Net cash used in operating activities | −5 | −4 | −947,299 | −7 | −9 | |
| Purchase of intangible assets | −400,000 | 0 | — | — | 0 | |
| Proceeds from sale of assets | 0 | 2 | 0 | — | — | |
| Net cash (used in) provided by investing activities | −400,000 | 2 | 0 | −350,097 | −2 | |
| Issuance of common stock, net of fees | 0 | 4 | — | — | — | |
| Repayments of notes | 0 | −1 | −668,478 | −2 | — | |
| Gross proceeds from exercise of the warrants | 0 | 599,000 | 315,178 | 0 | — | |
| Proceeds from sale of common stock in offering | 2 | 0 | 785,509 | 0 | 14 | |
| Proceeds from line of credit payable | 775,000 | 0 | — | — | — | |
| Net cash provided by financing activities | 3 | 4 | 1 | 6 | 14 | |
| Net (decrease) increase in cash | −2 | 2 | 61,604 | −2 | 2 | |
| Cash paid during the year for interest | 0 | 150,000 | 323,141 | 256,648 | 240,980 | |
| Cash paid during the year for income taxes | 0 | 0 | 0 | 0 | 0 | |
| Issuance of common stock issued upon purchase of intangible assets | 11 | 647,000 | — | — | — | |
| Warrants issued in connection with purchase of intangible assets | 0 | 480,000 | — | — | — | |
| Issuance of common stock issued upon conversion of note payable | 0 | 274,000 | — | — | — | |
| Issuance of common stock from conversion of warrants | 0 | 592,000 | — | — | — | |
| Issuance of common stock for debt settlements | 0 | 3 | — | — | — | |
| Stock to be issued for fixed consideration | 500,000 | 0 | — | — | — | |
| Issuance of common stock upon debt conversion | 1 | 0 | — | — | — | |
| D&O Insurance Policy | 65,000 | 0 | — | — | — | |
| Distribution associated with Spin-off | 103,000 | 0 | — | — | — |
Filings
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