What caused NIXX's drastic EPS drop in Q3 2023?

The significant drop in NIXX's EPS in Q3 2023, as indicated by a -$0.75 EPS compared to a previous quarter's -$6.35 EPS, can be attributed to several key factors:

1. **Revenue Decline**: The company's total revenue for Q3 2023 was $5.78 million, which is a substantial decrease from the previous quarter's reported revenue of $183722. This decline in revenue contributes to the lower EPS.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|NIXX|NIXX.O|Nixxy|2022 Q4|-64.7444734035248|2954692|186|
|NIXX|NIXX.O|Nixxy|2023 Q1|-67.2163377593831|2251796|186|
|NIXX|NIXX.O|Nixxy|2023 Q2|-91.91062151579274|575353|186|
|NIXX|NIXX.O|Nixxy|2023 Q3|-96.8238497039636|183722|186|

2. **Operating Income Loss**: NIXX reported an operating income loss of -$2.72 million for Q3 2023, which is a significant decrease from the previous quarter's operating income loss of -$5.93 million. Although the company's operating income has improved, the negative figure still indicates financial strain.

|code|Ticker|Name|Date|Operating Income YoY|Operating Income|market_code|
|---|---|---|---|---|---|---|
|NIXX|NIXX.O|Nixxy|2022 Q4|2.872905695341267|-5790662|186|
|NIXX|NIXX.O|Nixxy|2023 Q1|18.997355688513082|-3396564|186|
|NIXX|NIXX.O|Nixxy|2023 Q2|12.71005827328888|-2092923|186|
|NIXX|NIXX.O|Nixxy|2023 Q3|54.1646257291713|-2717418|186|

3. **Net Income Loss**: The company's net income for Q3 2023 was -$1.03 million, a substantial improvement from the previous quarter's net income loss of -$5.63 million. However, the negative net income for the quarter contributes to the lower EPS.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NIXX|NIXX.O|Nixxy|2022 Q4|7.678173636787784|-5477225|186|
|NIXX|NIXX.O|Nixxy|2023 Q1|20.719726621808185|-3315769|186|
|NIXX|NIXX.O|Nixxy|2023 Q2|17.53819105622666|-980273|186|
|NIXX|NIXX.O|Nixxy|2023 Q3|81.68120980419863|-1030682|186|

In conclusion, NIXX's Q3 2023 EPS drop is primarily due to a combination of revenue decline and operating income loss, despite improvements in net income.