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Investor Relations

Keeping the Culture Connected.

Last Updated February 2, 2024

Funding Raised in 2023: 

New Investments are only available to Current Accredited Investors only.

Here's Our Latest!

News, Numbers and Predictions.

Value Assess

Our Quarterly Value Assessment

Total value of company is based on Revenue, Profits, Loss , Debts and Current Assets on 5YTD.

$8,201,002

Down 23.04% from $11,219,837.12

2023 Revenue

Total Amount from Subscribers

Total amount listed is revenue from Tesix Wireless® mobile subscribers.

$3,160,147

Decrease: Stopped Activation due to extensive carrier changes that resulted in a 9-month long compliance assessment and platform refurbishment.

Predicting $20M total by 2025

5YTD Revenue

Tesix Wireless® 5 year revenue

Total amount listed is revenue from Tesix Wireless® mobile subscribers and box sales.

$15,167,052

Canada Expand

Estimated Cost of Expansion to Canada

$1,700,000

Revenue Predict

Generated based on our Canada Activation Waitlist

$325,120

News Updates

  • Beta Testing Complete / Tesix Mobile App
    Corrected Version: We have officially completed the BETA testing of our new backend and activation process. This has been a very long several months of attempting to reach completion, and we are finally welcoming public activations to gather more data on the process. The activation process is smoother than last couple of years, and the APIs and integrations work much better after investing rigorously in getting more hands to assist in all stacks and connecting with our new partners. So far, the feedback has been great, and many of those early-year kinks are smoothed over. We are now completing the mobile app. Apple has made some intense changes to what can be put on the Apple Store, and my, has that been a process. They've stated that, due to the nature of the app, which involves heavy APIs, personal details like end-user information, payment details, and being a telecommunication management app, the compliance is through the roof. But we understand, and that's next on the release board.
  • Considering a potential transition to eSIM-only.
    As we have been welcoming new early activations, we have been contemplating becoming an eSIM-only carrier. This move will eliminate the need for physical SIMs. This shift will result in decreased shipping costs and reduced expenses related to physical goods. It will enable more revenue to be reinvested back into the company. As we focus on boosting revenue, eliminating SIMs would help us trim the following expenses: The Physical SIMs: The carrier necessitates a minimum purchase of 1000 per order. SIM Printing: Printing Tesix Wireless branding on the SIMs. Packaging Cost: Expenses for packing and printing materials to hold the SIMs. Shipping: The shipping cost to deliver the SIMs to customers promptly ranges from $7 to $8.32. Shipping is a fee we waive to ensure customers don't have to pay. Despite charging for the SIMs, the combined cost of the SIM and shipping surpasses the amount paid. Keeping the cost of SIMs low was crucial to staying competitive with SIM cards. The downside to this is that not ALL phones are compatible with eSIMs; only the latest models of Androids, Apple devices, Pixels, etc., support this technology. This compatibility issue extends to Tesix Wireless's sister company smartphones, particularly the NX Pro LE, where a little over 2,000 NX Pro LE phones are activated on the Tesix Wireless network, but they are not eSIM compatible. Additionally, after conducting a comprehensive assessment of the currently activated phones, it appears that only about 567 of them are eSIM compatible. As we continue assessing how this transition will impact our company's growth without causing disruptions, we plan to implement it gradually. We'll phase out the SIMs over time to ensure a smooth shift without hindering our company's progress.
  • Adding Bitcoin & Shib Payments
    The requests to accept Bitcoin and Shib for payments has been in demand over the past three years, and we're now in the process of integrating this capability. Previously, we offered this for the purchase of SIM Kits and Smartphones, but eventually discontinued it due to the increasing transaction costs. We're nearing completion in integrating this feature into our payment system, specifically for recurring payments using cryptocurrencies.
  • NEW: Rebranding
    We are undergoing a major brand overhaul! We have been preparing for the past several months to roll out our new branding, Sim Kit designs, and more. We have retired our old logo and icon, and given them a bolder, more fun, and cleaner look. Our audience is predominantly Millennials, and we wanted the design to evoke a creative and stand-out feel. As we prepare to launch different sectors under Tesix, we wanted to create a mark that complements our campaigns for each sector while allowing us to diversify each subsidiary's logo while staying true to the original mark. We will be releasing the new design for the Tesix Wireless Sim Kit and Packaging soon!
  • NEW: Verizon has Approved our new Platform
    In the past few months, we have been working hard behind the scenes to revamp our activation system and security protocols to comply with the standards set by major carriers. Finally, after months of work, Verizon has completed its software and security vetting, and we are now ready to start activating our customers once again. You see, we were growing really fast and had so many people activated on our old platform that it was causing a lot of issues, security risks highlighted by AT&T at the time, and so much lagging. We have spent several months and a well-invested sum of money into this relaunch, and we are super excited. While all three carriers are reviewing our new platform, we have not yet received the go-ahead from the others. However, based on what our Verizon Tech has explained to us, the approval from Verizon can potentially speed up the approval process with the other carriers. Three days ago, we submitted the official approval and compliance letter from Verizon to all other carriers, and we are now waiting to hear back. We are now moving into the final stages of completing the new Tesix Customer App and this will definitely be a step up from our old app. Everyone who is still on our old system and using the old platform has already begun moving to our native platform so that they can start experiencing the updates early and be permanently moved over soon!
  • Update from Chaymeriyia Moncrief
    It's important to keep in mind the type of investment you made with Tesix Wireless. The value of your investment does not change until there is a liquidity event, such as a sale or going public. This was explained at the time of your investment and has not changed. Your investment is only lost if the company shuts down operations. It's also important to note that a SAFE investment is not a dividend-paying investment, and Tesix Wireless is not a publicly traded company. As stated during your initial investment, you could only withdraw your investment before the investment round ended. Requesting withdrawal several years after the investment round has closed is not allowed, as all investments have been used to further the company. Please keep in mind that you invested in a start-up and as a wireless carrier, the outcome may not be what you expected. As the founder of Tesix Wireless, I am committed to improving the company and driving its growth. We have already achieved many milestones, and even our largest investors do not expect a sale until Year 7-10. My priority is not to rush the process, but to steadily grow the company. With over 4,000 crowd investors, my focus is on building the company for the long term, not just for a quick sale. Tesix Wireless is among the largest players in the industry and the fact that we have been able to build a successful wireless company through bootstrapping is a significant accomplishment. Please give me time for continued growth and development of the company. It's important to remember the type of investment you made when you invested in the company and the risks involved. Your investment was made with the understanding that this was a long-term game and not a quick way to get rich. I have no desire for the company or investment to be perceived as otherwise. Lastly, as an investor, you play an important role in the growth of the company. Of the 4,000 investors, only a small number of you are using our service, referring others, and actively engaging with the company. Your contribution to the growth of the company you've invested in is crucial to our continued development and success.
  • Investor Unsubscribing Email
    I wanted to quickly mention investors unsubscribing from the investors mailing list. It's crucial to understand that if you unsubscribe, you will no longer receive company updates. Please note that we do not send promotional updates and only provide company updates to investors. We do not offer individual updates, so it's important to stay on the mailing list to receive important information about the company. This page can also be used but if you are not on the mailing list and remove yourself, you will not be added back to prevent our mailing account from being flagged. Re-adding emails that unsubscribe is against the platform's policy.
  • Tesix Wireless is officially registered with the US Patent & Trademark Office.
  • Penalized by AT&T for Data Abuse
    Since our Inception, one of Tesix's biggest marketing strategies was our "Zero Throttle" phone plan and it was working absolutely amazing but like any startup, we strongly underestimated this plan and needed to pivot. For the first few months of our launch, the customers were rolling in and things were going smoothly our bandwidth rates weren't exceeding as we thought they might due to the waitlist so that was perfect (at least we thought). As a few months go by we have occasionally been contacted by the carrier about some customers and their heavy data use. You see, technically it's against all carriers' policy to attempt to replace your home internet with a hotspot, which draws so much bandwidth that it slows the main network. Well, what cross the line for our end is when AT&T contacted us again and stated they would interfere with services on our behalf if we did not stop and remove some customers from our network. This is a rare occurrence because according to our Personal Carrier Rep, the carrier rarely steps in, unless with great reason. We were sent over a document that contained all of our customers with 37 highlighted customers, and it showed that 13 were using over 300GB of data in just a 20-25 day span for 3-4 months straight. It also showed that others were very well over 100GB per month and had been for several months. To put this into perspective, the average customer in the U.S. uses just 15GB of data in 30 days, with the highest being 25 GB. So a customer exceeding 100GB on a mobile device is pretty insane. After reviewing the document which contained over 76 pages, we owed AT&T over $1.6M in unpaid bandwidth fees just from penalties for customers abusing our "Zero Throttle Plan." Yes, $1.6M in just penalties, bandwidth overage, and data spreads. The good news is, were able to negotiate it down to a little over $518K and they allowed us to break up the total but it was either pay it or risk our contract. They agreed to use offering the "Zero Throttle" plan, and that is the main reason they openly agreed to lower what we owed. They also mentioned that it was an oversight on their end because it was not fully reflected in our statements. We have had to completely revise our agreement with the carrier to reflect the change and add caps to our data and remove by requirement, the 37 customers that abused the data use. Lastly, we have incorporated a RUP (Reasonable Usage Policy) to Tesix Wireless to further reflect this change. The carrier has also provided us with an upgrade infrastructure network access that will allow us to monitor customer data on our own which has an annual cost of $7,250 and I feel this will be a good addition to have on our end to prevent more incidents like this.
  • Deciding on a Zero Store Model
    So one of the goals originally set for Tesix was to open brick-and-mortar stores and welcome unlimited authorized dealers. The first store was opened in Montgomery, AL to test the need for stores considering the entire brand had become a million-dollar startup before the doors opened. The question was, Is this needed, or will this add unnecessary liabilities with open store after store? The trial was to test the first store opening for 1 year and see the results. Like any brick-and-mortar store, foot traffic is key. The results were clear and ultimately is what led to the decision that stores were not needed to build the company. Here is how the examination took place: Alabama Mobile Subscribers: 729 Montgomery, AL Subscribers: 290 In-Store Activations (1Yr): 20 (11) In-Store Activations (Grand Opening): 9 Store Rent: $1,100.00/mo Payroll: $4,121.00/mo Here's the thing, Tesix Wireless received over 50 requests a day about services in Montgomery where the store was located. However, we were asked every time: "Do I have to come in and Activate, or can I do it online?" Customers were literally ordering Sim Kits for their phones right in the city and activating them 4 days later at minimum. We were generating at least $11,000/mo on Montgomery mobile subscribers alone without them stepping a foot into the store. The store ultimately became the place to ship out phone orders, accessories, and sim kits. We are still on the path to allowing Authorized dealers and are in talks of potentially 5 in our biggest activated states with over 15% of our customer base, But we have ultimately decided against being a traditional carrier considering it was built under non-traditional means--successfully.
  • We may be headed to Canada!
    We are officially looking into launching Tesix Wireless in Canada. This comes after hundreds of requests for the service in the country via Instagram and email. We have decided to begin a waitlist for the service in the area and see what the demand looks like with a little social push. The goal would be to get at least 5,000 people on the waitlist before we move any further than it being an idea. We are officially just getting a foothold in the United States and want to be sure we are ready for even the slightest expansion into another country. Currently, the requests we have received via social media are from those located in both Toronto and Ottawa.

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