Financial and Operational Improvements Post-Spin-Off While Continuing to Advance Technology Strategy

NEW YORK: Nixxy, Inc. (NASDAQ: NIXX) (“Nixxy” or the “Company”) today announced financial results for the quarter ended June 30, 2026, as reported in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission.

Financial and Operational Highlights

• Revenue was approximately $16.1 million for the second quarter of 2026, compared with approximately $13.4 million for the second quarter of 2025, an increase of approximately 20%. Revenue for the first six months of 2026 reached approximately $45.2 million, compared with approximately $14.6 million for the corresponding period in 2025.
• Net loss from continuing operations for the first six months of 2026 improved significantly to approximately $(1.8) million, compared with approximately $(7.3) million for the corresponding period in 2025. The improvement reflects, among other factors, a substantially leaner operating expense structure as the Company continues operating following the separation of its legacy business, with operating expenses excluding cost of revenue decreasing approximately 52% year-over-year. Nixxy remains focused on financial discipline, operating efficiency and improving its long-term financial performance.
• Net cash used in operating activities improved to approximately $(1.4) million for the first six months of 2026, compared with approximately $(3.0) million for the corresponding period in 2025.
• Following the end of the quarter, Nixxy regained compliance with Nasdaq’s minimum bid price requirement. On July 2, 2026, the Company received written notification from The Nasdaq Stock Market LLC confirming compliance with Nasdaq Listing Rule 5550(a)(2), and the compliance matter was closed.
• Leadership changes following the quarter included the appointment of Simon Kearney to the Board of Directors on June 29, 2026, and the appointment of David Kratochvil as Chief Executive Officer on July 2, 2026, following the resignation of Mike Schmidt as Chief Executive Officer and a director.

Strategic Outlook

Nixxy is pursuing a strategy to develop and invest in critical infrastructure supporting the accelerating demand for artificial intelligence, digital infrastructure, and advanced energy systems. The Company believes that artificial intelligence represents one of the largest infrastructure investment cycles in modern history. Management expects future growth will be driven by increasing demand for reliable power, digital infrastructure, and integrated development capabilities. Through disciplined capital allocation and strategic partnerships, the Company seeks to originate, develop, finance, operate, and optimize infrastructure assets positioned to support long-term growth across the AI economy. As its strategic review progresses, Nixxy expects to provide additional updates regarding corporate initiatives, development activities, strategic partnerships, and long-term capital plans.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's strategic plans, development activities, potential acquisitions, financing initiatives, project timelines, anticipated market opportunities, and future operating performance. Actual results may differ materially due to a variety of risks and uncertainties, including the Company's ability to execute its strategic initiatives, obtain financing, complete acquisitions, develop projects, secure commercial agreements, and other factors described in the Company's filings with the Securities and Exchange Commission (the “SEC”), including those risks described in the Company’s Form 10-K for the fiscal year ended December 31, 2026, filed on April 15, 2026. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

About Nixxy

Nixxy, Inc. (NASDAQ: NIXX) is an AI communications and data infrastructure company focused on next-generation digital infrastructure platforms positioned at the intersection of artificial intelligence, high-performance compute, energy, and data center infrastructure. Nixxy’s strategy includes the development and acquisition of AI data center assets, power infrastructure, communications technologies, and scalable digital infrastructure platforms designed to support the future of enterprise and hyperscale artificial intelligence deployment. Through its evolving strategic platform, the Company is pursuing large-scale opportunities supporting the rapidly growing global demand for AI compute capacity, sovereign AI initiatives, and next-generation energy-backed digital infrastructure.

For more information, visit www.nixxy.com.

Fonte: Business Wire