Welcome to our dedicated page for GALAXY NEXT GENERATION news (Ticker: GAXY), a resource for investors and traders seeking the latest updates and insights on GALAXY NEXT GENERATION stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GALAXY NEXT GENERATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GALAXY NEXT GENERATION's position in the market.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Galaxy Next Generation (OTCQB: GAXY) announced a revenue of approximately $500,000 from the Lamar County School System following the successful delivery and installation of G2 Interactive Panels. This order was part of a purchase initiated in September 2022. CEO Gary LeCroy emphasized the company's fruitful partnership with the school system, which has continued since 2019, reflecting strong customer retention and growth potential. Galaxy specializes in interactive learning technology solutions, with about 90% of sales in the K-12 education sector, supported by a network of 22+ resellers across the U.S.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced new orders totaling approximately $100,000 from two new partners in Louisiana and Virginia. CEO Gary LeCroy noted that these successful installations mark progress in resolving supply chain issues and reflect a strategic shift towards partner-focused sales. The orders, received and shipped in March, have contributed to recognized revenue. Galaxy specializes in interactive learning technology solutions, with a strong focus on the K-12 education market, which accounts for nearly 90% of its sales.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced the launch of G2 Activator, a mobile application designed to enhance school security communication. This app integrates with existing G2 Secure and Communicator offerings, enabling users to send alerts, make intercom calls, and chat with first responders from their mobile devices. G2 Activator aligns with state security laws, including Alyssa's Law, providing flexibility during emergencies. Key features include G2 Visual Alerts and Active Chat functionalities, improving real-time communication in crisis situations. The company primarily serves the K-12 education sector, accounting for about 90% of its sales.
Galaxy Next Generation (OTCQB:GAXY) reported its Q2 FY 2023 financial results, showing a revenue increase to $1.06 million from $1.04 million year-over-year. The company has enhanced its reseller network, notably onboarding Bluum, which recorded a 500% growth last year. Accounts receivable rose to approximately $900,000, indicating increased interest in G2 products. Gross profit increased by $40,000. The company reduced G&A expenses by $100,000 and strengthened its balance sheet, raising assets by $200,000. The management anticipates significant growth as supply chain issues improve and plans to report Q3 results in mid-May.