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Sunday, November 27, 2022

The Exciting Rise of Galaxy Next Generation Inc (OTCMKTS: GAXY)

Galaxy Next Generation Inc (OTCMKTS: GAXY) is up big after the Company announced it is receiving new orders and additional potential interest for a range of its products, from interactive panels to Cov-Shield, a clear plexi-glass barrier for personalized workspace for the U.S. education and business markets. Galaxy has sold over $250,000 in Cov-Shield products in the past month, since just launching the product in late-June. The expanded customer base for Cov-Shield has come from multiple new states including Louisiana, Kentucky, Rhode Island, Colorado, Pennsylvania, Arkansas, Illinois and Florida.

Cov-Shield, the ideal barrier to protect personalized workspace, has been quoted over 20,000 units as schools prepare for a solution for school reopenings. Cov-Shield is available in a variety of sizes from 22-inch to 72-inch and is easy to set up, easy to move and easy to clean.

Galaxy Next Generation Inc (OTCMKTS: 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.

In March the Company said its classroom technology solutions are installed in school districts across the U.S. that are now providing remote virtual learning to students while the schools are closed due to safety precautions from the coronavirus outbreak. Galaxy’s software is cloud-based and integrated with its interactive panel solution giving students the ability to access lesson plans from anywhere via an internet connection. The software also allows for students to view live lessons during a session from their teacher.

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GAXY

GAXY is already doing significant sales reporting $1,837,354 in revenues for the 9 months ended March 31, 2020. Last month the Company announced an approximate $100,000 contract award to install a new Bell and Intercom system. The install is expected to be completed this summer for Stansberry Elementary school in Thompson, Colorado.

GAXY recently added a new location in Peoria, Arizona to support added production and sales capabilities to support increases in customers and orders. The new office in Peoria, Arizona, just outside of Phoenix is a new manufacturing facility. Its increased production will support the Page and Intercom division and the increase in demand for production of the MimioClarity line of classroom audio distribution systems, as additional orders ramp from a key customer.

According to the August 10 press release GAXY has extended its reach for the Cov-Shield line of products by signing up four new resellers. These new resller partners are not specifically technology providers to schools, but rather supply schools with everyday facilities needs. Outside of the Cov-Shield line, Galaxy is completing several summer installs for its interactive panel line of products. This week alone we will be completing and invoicing for over $600,000 in revenue.

Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “As we continue to grow and expand, we are excited about our opportunity to help schools in their needs during Covid-19, in and outside of the classroom.”

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Currently running into multiple pennies GAXY is an exciting story developing in small caps; 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. GAXY is marketing Cov-Shield, a clear plexi-glass barrier for personalized workspace for the U.S. education and business markets. GAXY has also been paying off convertible notes, is fully reporting OTCQB and recently announced record revenues of $1,837,354 for the 9 months ended March 31, 2020. GAXY is gaining traction after the Compnay announced it has sold over $250,000 in Cov-Shield products in the past month, since just launching the product in late-June. The expanded customer base for Cov-Shield has come from multiple new states including Louisiana, Kentucky, Rhode Island, Colorado, Pennsylvania, Arkansas, Illinois and Florida. Microcapdaily started reporting on GAXY at $0002 in early July. 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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