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Galaxy Next Generation, Inc. (OTCQB:GAXY) expects revenues of at least $0.7 million for the fiscal third quarter ended March 31, 2021, marking an impressive 100% increase from $349,247 in the same quarter last year. The surge is driven by heightened demand in K-12 education technology, supported by federal stimulus plans boosting school budgets. CEO Gary LeCroy noted solid growth from OEM partners and increasing orders. Full earnings results will be reported the week of May 10, 2021.
Galaxy Next Generation, Inc. (OTCQB:GAXY) launched G2 Visual Alerts, a communication system for schools that delivers urgent notifications to all devices instantly. The tool enhances emergency communication by sending visual messages, which are processed significantly faster than text. Compatible with various operating systems, G2 Visual Alerts is designed for both on-campus and remote learning environments, addressing the needs of diverse educational settings. This innovative solution aims to improve safety and communication in schools.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced a catalog bid award from Richland County School District Two in Columbia, South Carolina. This district, recognized for its rapid growth, serves over 27,000 students and operates 40 educational facilities. CEO Gary LeCroy highlighted the impact of federal stimulus funds, driving districts to enhance their technology infrastructure. Galaxy specializes in interactive learning solutions, with approximately 90% of sales in the K-12 market through 22+ U.S. resellers.
Galaxy Next Generation, Inc. (OTCQB:GAXY) has secured a catalog discount bid from Charlotte County Public Schools in Florida. This agreement spans one year with four additional one-year options, encompassing all Galaxy's interactive learning products. Charlotte County serves nearly 18,000 students across various educational institutions. CEO Gary LeCroy expressed enthusiasm for the partnership, noting the increased school budget availability due to federal stimulus programs aimed at enhancing technology in education.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced a follow-on purchase order from an OEM customer for up to 1,500 audio products aimed at the K-12 education market. This order reinforces the ongoing supply agreement established over a year ago, reflecting the OEM's increased production needs. CEO Gary LeCroy stated that efforts are being made to enhance lead times and component procurement to support this growth. Galaxy's sales are predominantly in the K-12 sector, comprising approximately 90% of its revenue.
Galaxy Next Generation (OTCQB:GAXY) has announced a distribution agreement with ROYBI to expand the availability of its AI tutor in K-12 education. This collaboration aims to reach approximately 130,000 public schools and various private institutions across the U.S., Canada, and Australia. ROYBI offers over 500 lessons and has garnered industry recognition for its innovative learning tools. Galaxy’s CEO expressed optimism about the potential for deeper future collaborations, highlighting the companies' commitment to enhancing educational technology through AI.
Galaxy Next Generation, Inc. (OTCQB:GAXY) has announced a partnership with C. Blohm & Associates, a marketing agency specializing in the U.S. education market. This collaboration aims to enhance Galaxy's exposure and strengthen its presence in the K-12 sector, which constitutes nearly 90% of its sales. Charlene Blohm, president of CB&A, highlighted the potential for growth in the education sector. The partnership intends to develop targeted marketing programs and generate leads through social media engagement, ultimately benefiting educators and students.
Galaxy Next Generation (OTCQB:GAXY) has announced a significant contract with New South Wales, enabling its Intercom and Paging solutions to be made available in over 10,000 registered schools in Australia. This partnership, forged with Technology Core, Inc., marks a vital step in expanding Galaxy's market presence in Australia since the partnership began late last year. CEO Gary LeCroy emphasized the importance of this contract for enhancing product visibility and indicates positive market traction. This development enhances Galaxy’s role in the educational technology sector.
Galaxy Next Generation has secured approved vendor status from St. Johns County Schools in Florida, allowing its audio-visual and interactive products to be cataloged and available for other school districts. Covering 608 square miles, this district has 47 schools and serves 44,275 students. CEO Gary LeCroy expressed optimism about increased revenue from this partnership. While CDC guidelines have lessened the necessity for certain products like desk shields, Galaxy anticipates a rise in orders for its core offerings as schools reopen and adapt to new mandates.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announces new purchase orders totaling $200,000 from the Thompson County School District in Colorado. This partnership, initiated in late 2019, is part of a larger nearly $1 million project for upgrading classroom technology, specifically G2 Communicator and related products. The district serves over 16,000 students across 33 schools and continues to emphasize technology in education.