Galaxy Next Generation, Inc. Announces Technology Sales Results for the First Quarter Ended September 30, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2019
November 20, 2018 at 02:07 pm
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Galaxy Next Generation, Inc. announced technology sales results for the first quarter ended September 30, 2018. For the quarter, the company reported technology sales increased 117% to $351,545 in the first quarter of fiscal year 2019, up from $161,927 in the fourth quarter of the prior fiscal year. Gross margins in the first quarter were 13.4%.
The company is now tracking positive EBITDA for the year through the end of October and remain confident this will translate to positive net income for the full fiscal year as sales continue to accelerate.
Galaxy Next Generation, Inc. is a manufacturer and United States distributor of interactive learning technologies and enhanced audio solutions. It develops both hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include G2 Slim Interactive Flat Panel Display (IFPD), G2 Communicator Bell, Paging, and Intercom, G2 Secure and Classroom Audio Amplification Solutions. G2 Slim Interactive Flat Panel Display (IFPD) includes interactive learning software, interactive panel control software, integrated PC for IFPD and mobile carts, mounts, and accessories for IFPD. Its distribution channel consists of a direct sales model and over 44 resellers across the United States, which sell the products offered by the Company within the commercial and educational market. Its original equipment manufacturer division manufactures products for other vendors in its industry and white labels the products under other brands.
Galaxy Next Generation, Inc. Announces Technology Sales Results for the First Quarter Ended September 30, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2019
GALAXY NEXT GENERATION, INC. 