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Sunday, April 18, 2021

G2 Visual Alerts, Backlog and Big Purchase Orders; the Run on Galaxy Next Generation Inc (OTCMKTS: GAXY)

Galaxy Next Generation Inc (OTCMKTS: GAXY) is making an explosive move up the charts in recent days on a massive surge of accumulation and buy volume topping $5 million in dollar volume per day. G2 is an exciting Company that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes paying down convertible notes to avoid dilution and signing big contracts.

G2 has been announcing big new orders and now has a backlog well over $2 million. In November GAXY reported a record Q1 2020 with $1.2 million in sales and a backlog of $2 million. Highlights include adding production and manufacturing in Arizona to increase sales to OEM partners. Partnering with a Florida public school district (7th largest in nation) to provide protective gear for schools. The Company just announced a new product release of G2 Visual Alerts is coming on January 1st. Visual alerts allows for a message (both text and image) to be sent to any device in a school districts ecosystem.

Galaxy Next Generation Inc (OTCMKTS: GAXY) with executive offices in Toccoa, Georgia, Jacksonville, Florida, Broomfield, Colorado and Peoria, Arizona, G2 is a leading U.S. distributor of interactive learning technology hardware and software solutions that empower teachers to motivate and engage students in learning activities. Galaxy’s products include Galaxy’s own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy’s sales.

G2 provides technology to the classroom of today for the generation of tomorrow and has been getting noticed for its Cov-Shield line of products that are selling at a rapid rate as school districts open up. Microcapdaily has reported extensively on the Company especially in July and August during the stocks run up to $0.5 plus.

GAXY has been announcing big new orders and now has a backlog well over $2 million; it reported it has received a purchase order for its Cov-Shield plexiglass desk shields from Keyes Union School District, its first ever customer in the state of California. Last week GAXY also received a contract for Cov-Shield plexiglass desk shields from a diocese in western Pennsylvania. The agreement calls for 1,800 Cov-Shields installed for student desks to allow the students back into school in a safe and healthy learning environment.  GAXY was also awarded a contract worth$172,000 from Thompson School District in Loveland, Colorado for new Cloud-Based Intercom and Paging solution (a new product launched in Q1) as well as a commitment for up to $600,000 in Cov-Shield products from school district in southern Texas. This follows a $1.5 million purchase order under its supply agreement from an OEM customer in additional to a previously provided order of approximately $0.9 million.

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In November GAXY reported a record Q1 2020 with $1.2 million in sales and a backlog of $2 million. Highlights include adding production and manufacturing in Arizona to increase sales to OEM partners. Partnering with a Florida public school district (7th largest in nation) to provide protective gear for schools.

GAXY CEO Gary LeCroy stated after the record Q1 results: “We are extremely proud of our start to fiscal year 2021 as we continued to demonstrate impressive 89% growth of our income for our core technology interactive panels and related accessories and introduced our new product line of Cov-Shield protective products. Our fiscal year first-quarter revenue, deferred included, of $2.8 million is more than all the revenue we generated in the previous fiscal year. Our deferred revenue and backlog continue to increase and remain strong, a good indicator of future revenue trends. Our capital structure has improved with each passing quarter and we have a goal over the next twelve months to uplist to a major U.S. national exchange. We believe this is just the beginning of a major technology turnover cycle in the K-12 education market, as the way our students learn continues to evolve, and we look forward to being a major participant in it.”

On December 29 GAXY announced a new product release of G2 Visual Alerts is coming on January 1st. Visual alerts allows for a message (both text and image) to be sent to any device in a school districts ecosystem. For example, the principal of a school can quickly log in (even from their mobile device) to G2’s communicator software and choose either a preset alert or a custom alert to any ‘zone’ in the ecosystem or the entire school building. Visual Alerts works with Android (interactive flat panels), Mac OS, Windows, and Chrome.

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GAXY is making an explosive move up the charts in recent days on a massive surge of accumulation and buy volume topping $5 million in dollar volume per day. G2 is an exciting Company that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes paying down convertible notes to avoid dilution and signing big contracts. G2 has been announcing big new orders and now has a backlog well over $2 million. In November GAXY reported a record Q1 2020 with $1.2 million in sales and a backlog of $2 million. Highlights include adding production and manufacturing in Arizona to increase sales to OEM partners. Partnering with a Florida public school district (7th largest in nation) to provide protective gear for schools. The Company just announced a new product release of G2 Visual Alerts is coming on January 1st. Visual alerts allows for a message (both text and image) to be sent to any device in a school districts ecosystem. We will be updating on GAXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GAXY.

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Disclosure: we hold no position in GAXY either long or short and we have not been compensated for this article.

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