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Thursday, October 21, 2021

Major Comeback on G2; Galaxy Next Generation (GAXY) Fast Growing Revenues & Backlog, Cov-Shield Contracts & Purchase Orders Cascsd

Galaxy Next Generation Inc (OTCMKTS: GAXY) is on the rise in recent trading on a massive surge of trading volume and interest from investors. The stock is under heavy accumulation as penny stock speculators accumulate the float. GAXY started moving up in July of last year as its covid-19 products began to gain traction and the stock moved higher fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than GAXY has.   

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 recently eliminating convertible notes to avoid dilution. G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines. Revenues have picked up substantially with the Company reporting $2 million in sales for the six months ended December 31, 2020, up 32% over the same period last year. G2 also reported a backlog of at least $2 million in sales. GAXY has been busy reporting significant contracts and purchase orders including a $600,000 order in Cov-Shield products from school district in Southern Texas, $172,000 contract from Thompson County School District in Colorado and the recent 5-year contract from Allen Independent School District in Texas. 

Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. 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. To help with its rapid growth GAXY has recenlty hired an addition 4 new full-time employees as well as added production and sales capabilities in Arizona and a new warehouse and sales offices in Jacksonville, Florida. 

G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines.  

In January the Company reported it has eliminated all variable convertible debt and that as of January 1, 2021 the Company has no convertible toxic debt. The most recent convertible debt financing has been completely eliminated as the Company previously agreed to accelerate their ability to convert to equity ahead of schedule. 

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GAXY

COV-SHIELDA huge milestone G2 recently achieved was the successful completion of its first purchase order ever received from an OEM partner. Prior to developing and manufacturing audio equipment for other companies, GAXY was only developing for its own ‘G2′ brand. This new opportunity to manufacture products for others is a major step in accelerating the Company’s revenue growth, as it will not be solely dependent on its channel size and customer base for these particular products. A successful OEM channel takes potential competitors and turns them in to Galaxy customers. 

On February 16 GAXY reported its operating and financial results for the fiscal second quarter and six months ended December 31, 2020. Revenue increased 32% to $2.0 million. Gross Margin of 34% after freight and transit. Reduction in quarterly operating loss to $0.9 million (for the three months ended December 31, 2020). Total Assets increased to $5.6 million. Backlog increased to $2.0 million 

The Company has been strengthening its management team recently appointing Bill Brinkman to Chief Operating Officer. Bill’s experience includes more than 30 years of sales leadership with a range of organizations from Fortune 200 packaged goods companies to high-tech startups. GAXY also recently hired Tony Grant as its Western Regional Sales Manager, as the Company expands its sales capabilities to support its rapid growth. 

On March 2 GAXY announced it has been awarded a 5-year contract from Allen Independent School District in Texas. This contract enables Allen Independent School District and its 23 schools’ access to all G2 products, including G2 Interactive Panels ranging 55″, 65″, 75″ and 86″ sizes, G2 TeacherView distance learning solution, G2 Control, Bells, Intercom and Cov-Shield. 

Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “Allen Independent School District now has a vehicle to easily purchase all our products. We will begin outreach to each of the 23 schools with product information as we look forward to a long-standing relationship with the school district in helping their teachers and students connect and learn in a safe environment.” 

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Galaxy Next Generation Inc (OTCMKTS: GAXY) is on the rise in recent trading on a massive surge of trading volume and interest from investors. The stock is under heavy accumulation as penny stock speculators accumulate the float. GAXY started moving up in July of last year as its covid-19 products began to gain traction and the stock moved higher fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than GAXY has. 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 recently eliminating convertible notes to avoid dilution. G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines. Revenues have picked up substantially with the Company reporting $2 million in sales for the six months ended December 31, 2020, up 32% over the same period last year. G2 also reported a backlog of at least $2 million in sales. GAXY has been busy reporting significant contracts and purchase orders including a $600,000 order in Cov-Shield products from school district in Southern Texas, $172,000 contract from Thompson County School District in Colorado and the recent 5-year contract from Allen Independent School District in Texas.   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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