Nixxy swings to Q1 profit of $537,000; revenue rises to $29.09 million

• Nixxy posted net income from continuing operations of $537,000 for three months ended March 31, 2026, returning to profit from a net loss of $3.7 million a year earlier.
• Revenue climbed to $29.09 million, up 2,205% year over year, on expansion of telecommunications services.
• Operating expenses excluding cost of revenue fell to $1.2 million, down 67%, while general and administrative expense narrowed to $568,000 from $3.1 million.
• Other income rose to $1.8 million from an expense of $128,000, driven by a $1.8 million gain on change in fair value of marketable securities.
• Management cited an annualized telecommunications revenue run-rate of about $150 million to $180 million as of late 2025, with Leadnova.ai in user acceptance testing and a commercial beta targeted for 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nixxy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-003816), on May 13, 2026, and is solely responsible for the information contained therein.