- 203 Billion Dollars.
- School Safety.
- Equity Line of Credit/Dilution.
Galaxy Next Generation is on the move again. After announcing it has ended its Equity Line of Credit (ELOC) and showing that the dilution period may be over by purchasing roughly $500,000 worth of common stock, it appears Galaxy Next Generation is headed back to new highs. The company also announced that it received $300,000 in new orders in one week in December and has continued to grow Revenues YOY with debt and liabilities decreasing significantly each quarter. Magen McGahee, CFO, issued a letter to shareholders below:
With the Equity Line of Credit behind them, Galaxy Next Generation looks forward to the billions in school funding that remain. In a December 9th article by CNBC, only 60 Billion of education stimulus has been spent and an astounding 203 BILLION remains to be spent on education.
Galaxy Next Generation is your one stop shop for school technology products ranging from interactive flat panels to interactive learning (Teacherview) to Covid Desk Shields to what I believe needs to be implemented in each and every single school throughout the entire country, the award winning “G2 Secure.” With mass shootings in schools happening, G2 Secure is a one click lockdown alert. The following videos explain it in more depth:
Galaxy Next Generation was also featured in a recent Insider Financial Article:
In conclusion, we believe Galaxy Next Generation is headed in a positive direction as the company continues to grow their revenues while also decreasing their liabilities and improving their EBITDA. With over 200 billion in federal dollars remaining to be spent on education, school districts may be attracted to Galaxy Next Generations ground breaking technology to keep students and teachers alike safe with their award winning G2 Secure and other innovative technology products.
Analyst's Disclosure: I/we have a beneficial long position in the shares of GAXY either through stock ownership, options, or other derivatives.
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