CEO Michael D Farkas buys 1,000,000 shares of NXXT at $1.67 totaling $1,670,000.00
Michael D Farkas, CEO and Executive Chairman, purchased 1,000,000 shares at $1.67 on 2025-09-18, expanding his holdings from 74.25M to 75.25M shares. The purchase occurred at $1.67, which is 52.2% below the 52-week high of $3.49 and follows a steep 90-day decline of -44.2%, though the stock has recovered +5.0% over the past 30 days. Across all his open-market activity, Farkas's 9 prior buys have averaged +110.8% returns over 30 days and +19.3% over 90 days with a 100% win rate, while his 6 prior sells show a 100% well-timed rate (meaning the stock fell after each sale). This context suggests a consistent pattern of favorable trade execution, though the company's fundamentals show ongoing challenges: latest quarterly revenue of $19,691,568.00 grew +19.6% year-over-year, but the company posted a net loss of $-36,100,766.00 in the most recent quarter and remains unprofitable on a full-year basis. The accumulation of 1.3% more shares in a significantly depressed price environment by an insider with a strong historical track record invites scrutiny into whether management views near-term recovery prospects or structural profitability improvement as credible.