Nixxy (NIXX) said Monday that its Auralink AI unit signed a 12-month contract to provide Italy's Mexedia with SMS services using its cloud-based platform.

The company said Auralink has engineered its port provisioning to support up to $10 million in revenue per month over a one-year period, with the agreement to renew automatically unless terminated by either of the parties.

Nixxy interim Chief Executive Miles Jennings said the company expects to increase its service capacities in Q2 and Q3, and plans to issue further financial guidance "in the near future."

Shares of Nixxy were up 2% in recent Monday trading.

Price: 2.00, Change: +0.04, Percent Change: +2.04