|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0279 - 0.0279|
|52 Week Range||0.0180 - 0.0790|
|PE Ratio (TTM)||3.10|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK , June 6, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the lists of downgrades from its respective ...
Next Group Holdings, Inc. (NXGH), a FinTech service provider delivering mobile banking, prepaid debit and credit and telecommunications services to underbanked and underserved communities, announced record revenue for fiscal year (FY) 2017 reaching more than $53.8 million, a more than 52-fold increase over revenue for FY2016. The gross profit for FY2017 was $2.4 million, versus a gross loss of $31,000 for FY 2016. The results for FY2017, which ended December 31, 2017, were posted in the company's most recent Form 10-K. The Company's 2018-Q1 Report on Form-10Q has also been submitted and shows revenues of $20.0 million compared to 2017-Q1 revenue of $0.5 million.
MIAMI , Feb. 22, 2018 /PRNewswire/ -- Next Group Holdings (NGH), Inc. (OTCQB: NXGH), a FinTech service provider delivering mobile banking, credit and telecommunications to underbanked and underserved communities, ...
MIAMI , January 31, 2018 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) announced today that Michael Naparstek has joined Next Group Holdings, Inc. as its global Chief Financial Officer after ...
Next Group Holdings, Inc. (NXGH) today announced that the Company has appointed Mr. Adiv Baruch to the position of Chief Strategy Officer, effective immediately. With more than 30 years' executive experience in high-tech, Baruch has served on NXGH's Board of Directors since 2016. "Adiv's experience as an international technology innovator and practitioner, combined with his vast leadership, investment and management experience, makes him an invaluable asset as this Company enters a new chapter of growth, innovation and profitability," said Arik Maimon, Next Group Holdings CEO.
MIAMI, Jan 17, 2018 /PRNewswire/ -- Next Group Holdings, Inc. (NXGH) today announced that the Company has signed a Letter of Intent with Arbitrade Exchange Inc. to form a new Joint Venture in order to launch a co-branded Mio and Arbitrade prepaid Gift Card to become available at 30,000 SDI Next U.S. retail locations.
Next Group Holdings, Inc. (NXGH) today announced that the Company has fulfilled the terms of the Definitive Material Agreements with its three major convertible noteholders, thereby retiring all convertible debt held by them. Under terms of the agreements, NXGH has delivered to the three noteholders an aggregate of $400,000 cash, and has ordered issuance of 20 million shares of NXGH common stock.
Completed Acquisition Provides Immediate Distribution for Premium Third-Party Gift Cards at 30,000+ Retail Locations MIAMI , Dec. 7, 2017 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) announced ...
Agreements Signed to Eradicate Convertible Debt in Exchange for 20,600,000 Common Shares and $430,000 Cash MIAMI , November 29, 2017 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) today announced ...
Company Posts Third Consecutive Quarter of Record Revenue at $625,188 ; 21% Year Over Year Increase MIAMI , Nov. 28, 2017 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) today announced results ...
Next Group Holdings, Inc. (NXGH) (the "Company" or "NXGH") has completed a major milestone for the acquisition of global telecommunication company, Limecom Inc. ("Limecom"). The Definitive Agreement was executed on September 19, 2017 and upon completion of the acquisition, Limecom Inc. will become a wholly-owned subsidiary of NXGH, with projected revenues in excess of $125 million for 2017, and EBITA projected at $2.5 million. On October 10, 2017, the Company received Limecom's financial statements for the years ended December 31,2016 and 2015 audited by Marcum LLP.
MIAMI , October 12, 2017 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company") today announces that it has signed Convertible Note Redemption and Adjustment Agreements with ...
Revenues Projected to Exceed $125 Million in 2017, With Net Profit of $2.5 Million MIAMI , September 20, 2017 /PRNewswire/ -- Next Group Holdings, Inc. (OTCQB: NXGH) has signed a binding Definitive Agreement ...
The Company is pleased to announce that recently, it was successful in renegotiating terms with four separate finance groups that hold an aggregated value of $994,828 in Convertible Notes, effectively allowing the Company to buy back between 75% and 80% of its outstanding notes by September 11, 2017. Importantly, the finance groups are have agreed not to convert any outstanding principal or interest on the notes through September 11, 2017. Beginning on September 11, 2017 the conversion price floor will increase from $0.02 per share to $0.10 per share on total principal of $940,931 if the Company raises between $2,000,000 and $2,999,999, and will increase to $0.15 per share if the Company raises $3,000,000 or more, allowing NXGH the opportunity to raise funding, which it expects to do. Regarding the other $53,879 in Convertible Notes, the conversion price is set at $0.10 per share.
Next Group Holdings, Inc. (NXGH) today announced results for its second quarter of fiscal year 2017 which ended June 30, 2017, including record revenue for the second consecutive quarter. Revenue for the second quarter of fiscal year 2017 was a record $574,064, compared to $2,767 for the same period last year, and is largely attributable to the 2016 acquisition of Tel3, a business segment of an existing retail Pin-less long distance company, and which contributed revenue of $497,500 during the three months ended June 30, 2017. Revenue for the six months ended June 30, 2017 was $1,074,655 - an increase of 1,263% - compared to revenue of $85,070 for the same period of 2016, also attributable mainly to the 2016 acquisition of Tel3.
Acquisition Provides Direct Distribution for Company's CUENTAS and MIO Products Through Fisk Holdings LLC's Network of More Than 30,000 Retail Locations MIAMI , August 24, 2017 /PRNewswire/ -- Next Group ...
In a recent on-air interview with Jon Cunningham of 'RedChip Money Report', Michael De Prado, President and COO of Next Group Holdings, (NXGH) discussed the company's entry into the burgeoning virtual banking industry during the second half of 2017, with plans to target an underserved Hispanic customer base estimated at more than 100 million people living in the U.S. who are either completely unbanked or significantly underbanked. De Prado laid out plans for the company's introduction of its new virtual banking solution - CUENTAS - into the marketplace, carefully pointing out that the product is meant for an extremely large, yet specific segment of the U.S. consumer audience. Using our card, and the broad suite of services it provides, will give these customers access to a global financial marketplace most of us take for granted, including the use of debit cards and online payment capability," added De Prado.
MIAMI , August 2, 2017 /PRNewswire/ -- - CUENTAS Will Include Unprecedented Access to Discounted Products and Services from More Than 100 of the Leading Retail Gift Card Brands, Including Airlines, Major ...
Next Group Holdings, Inc. (NXGH) today announced results for its first quarter of fiscal year 2017 which ended March 31, 2017, including record revenue and earnings. The results were posted in the company's most recent Form 10-Q, filed with the SEC on July 7, 2017. Revenue for the first quarter of fiscal year 2017 was a record $500,591, compared to $82,303 for the same period last year, an increase of 608%, and is largely attributable to the 2016 acquisition of Tel3, a business segment of an existing retail calling minutes company, and which contributed revenues of $500,327 during the three months ended March 31, 2017. Net income attributable to Next Group Holdings, Inc. for the three months ending March 31, 2017 was a record $811,458-or .03 per fully diluted share - compared to a loss of $754,877 for the same period of 2016. Income for the quarter was due to a significant one-time gain from the sale of its interest in Transaction Processing Products, Inc. ("TPP"), which holds a 64% interest in Accent InterMedia, LLC ("AIM") and no other assets or liabilities. TPP was acquired by the Company in July of 2016. AIM operated as a leading gift card provider but was discontinued on March 31, 2017.