Nixxy Appoints Mike Schmidt as New CEO

An announcement from Nixxy ( (NIXX) ) is now available.

On May 7, 2025, Nixxy, Inc. appointed Mike Schmidt as the new Chief Executive Officer, succeeding Interim CEO Miles Jennings, who will continue in other leadership roles within the company. This leadership change is part of Nixxy’s strategy to strengthen its telecom operations, which reported a preliminary revenue of $1.4 million for April 2025 and is targeting a $200 million annual revenue run rate by the end of the year. The company is expanding its executive team to support growth in AI-driven telecom solutions, with commercial SMS traffic expected to significantly contribute to revenue starting in May 2025.

Spark’s Take on NIXX Stock

According to Spark, TipRanks’ AI Analyst, NIXX is a Underperform.

Nixxy’s significant financial challenges, including declining revenues, high leverage, and negative cash flows, substantially weigh down the stock score. Technical analysis indicates a bearish trend, and the negative P/E ratio highlights valuation concerns. The lack of earnings call and corporate events leaves these factors unchanged.

To see Spark’s full report on NIXX stock, click here.

More about Nixxy

Nixxy, Inc. is a publicly traded technology company that focuses on leveraging AI-driven solutions to transform technologically fragmented industries. The company aims to unlock potential, accelerate digital disruption, and create long-term value through the acquisition and integration of advanced platforms. Nixxy’s current focus includes its telecom, AI billing, and CPaaS software subsidiary, Auralink AI, which delivers innovative AI-powered services.

Average Trading Volume: 1,894,908

Technical Sentiment Signal: Sell

Current Market Cap: $37.07M

See more data about NIXX stock on TipRanks’ Stock Analysis page.