Neighborhood Intelligence Sees Revenue Momentum, Expects Gross Margin Above 30%, Accelerates Cost Cuts And Merger Synergies, Focuses On Organic Growth

Neighborhood Intelligence, Inc. (NASDAQ:NXH) (the "Company") continues to execute on strategy, with business trajectory of its base business firmly on track.

• Strong Revenue Momentum and Margin Outperformance.The Company is seeing encouraging revenue momentum across its core business, while gross margin continues to show significant year-over-year improvement. Based on current trends, gross margin is expected to exceed 30%, ahead of the Company’s previously stated target, reflecting continued improvement in business mix and operating execution.
• Cost Reductions and Merger Synergies Ahead of Schedule. The Company has made significant progress removing costs from the business, while integration efforts and anticipated merger synergies are developing faster than originally expected. Management remains focused on accelerating these opportunities while maintaining disciplined execution across the organization.
• Focused on the Core Business and Organic Growth. As the housing and consumer environment continues to evolve, the Company remains focused on strengthening its core business, driving organic revenue growth, improving margins and continuing to reduce its cost structure. At this time, the Company does not anticipate pursuing additional acquisitions and intends to prioritize execution, integration and organic growth across its existing businesses.