Galaxy Next Generation, “G2,” Is Proud To Be A Leader In Bringing
Forth The technology For The Classroom Of Today.
GAXY is not just another technology provider. GAXY is working hand-in-hand with educators to help them evolve teaching and learning in their Connected Classrooms.
This new approach leverages digital content, learning data, and one-of-a-kind technologies in order to create an immersive and interactive experience. The opportunity being presented to “G2” is one where we can empower teachers with a new way to motivate and engage students in learning activities.
Galaxy Next Generation is a U.S. distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment.
The Company just went public over the summer and reported a 117% increase in technology sales in its first quarter of fiscal 2019 (ending June 30, 2019). A recently announced LOI to acquire KLIK Communications could add another $3Mln. in annual revenue to the company's growing operations.
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 sale
Enormous Catalysts Below Could Have The
Potential To Send Shares Sky-Rocketing
#1.) Breaking News Hits On Dec 17th, 2019 Provides Riveting Upside Potential
Galaxy Next Generation Issues Shareholder Update and Provides Revenue Growth Guidance of At Least 400% (25% Pro-Forma) for the FY Ended June 2020
Published: Dec 17, 2019 8:32 a.m. ET Full News Release Here
TOCCOA, GA / ACCESSWIRE / December 17, 2019 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to provide the following shareholder update as it looks to close out the calendar year 2019 and enter 2020 in a much stronger financial and business position.
For its fiscal year ended June 30, 2020, Galaxy expects to generate revenue growth of at least 400% or $8 million in consolidated revenue.
Galaxy also expects to continue to decrease operating losses as it increases revenue. The expected revenue growth is partly related to its acquisition of Interlock Concepts and Ehlert Solutions Group on September 4, 2019. For the years ended June 30, 2019 and June 30, 2018, Interlock Concepts and Elhert Solutions Group generated $4.4 million and $4.1 million of revenues, respectively.
#2.) Breaking News Hits On Nov 18th, 2019 Closes $1.5 Million Financing
Galaxy Next Generation Closes $1.5 Million Equity Financing from Existing Shareholder
TOCCOA, GA / ACCESSWIRE / November 18, 2019 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce the closing of a $1.5 million equity financing.
The investor, an existing common shareholder, was issued 500,000 shares of its E Series Preferred Stock in connection with the financing. The shares were issued pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933.
The offering was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares and the manner of the offering. In addition, the Purchaser represented that it had the necessary investment intent as required by Section 4(2) and agreed to receive share certificates bearing a legend that stated that the securities were restricted pursuant to Rule 144 of the Securities Act.
On November 14, 2019 the Company paid off a $1.5 million convertible note. Management believes that payment of this note was important to avoid and/or minimize the dilution of the shareholders.
Bottom line: GAXY could be topped out here, pay attention for new release.
To Successful Trading,
Dan Davis
Editorial Writer
