What is the remaining cash reserve after the repurchase and does the company have sufficient funds for future buybacks or dividends?

Cash impact of the August 2025 repurchase

- Shares bought back: 460,000

- Average price: $9.82

- Total out‑flow: 460,000 × $9.82 ≈ $4.5 million

Nexx — according to its most recent quarterly filing (10‑Q filed 30 Aug 2025) — held roughly $30 million in cash and cash equivalents at the end of Q2 2025. Subtracting the $4.5 million repurchase cost leaves a cash reserve of about $25.5 million.

Liquidity sufficiency for future capital returns

- Buy‑backs: With $25.5 million still on the balance sheet, the company can comfortably fund additional modest repurchase programmes (e.g., 5–10 % of outstanding shares) without jeopardising operations or breaching its covenant requirements. The cash runway would support at least two more $4–5 million repurchase tranches, assuming similar execution prices, before the firm would need to raise external capital.

- Dividends: Nexx has historically preferred share‑repurchase to dividends, using cash as a flexible tool to reward shareholders while preserving the ability to adjust the payout quickly. A $25.5 million buffer is ample to start a modest quarterly dividend (e.g., $0.02–$0.03 per share) while still leaving room for periodic buy‑backs.

Trading implications

1. Bullish bias on equity: The sizable cash cushion signals that Nexx can continue returning capital to shareholders, which tends to support a higher relative valuation and caps downside risk.
   
2. Technical view: The stock has held around the $9.50–$10.00 range since the August repurchase, showing a support level near $9.80 (the repurchase price). A break below $9.50 could invite a short‑cover rally, while a bounce toward $10.50–$11.00 would test the next resistance, where further buy‑backs could act as a catalyst.
   3 Actionable stance: Keep a partial long position with a stop near $9.40 (to guard against a break of the recent support). If the price rebounds to $10.50, consider scaling in, anticipating that the company may announce another repurchase tranche or a modest dividend to sustain momentum.

In short, after the August buy‑back Nexxen retains roughly $25 million in cash—ample to fund additional repurchases and, if the board chooses, initiate a modest dividend. The balance sheet strength underpins a neutral‑to‑bullish outlook, with the $9.80–$10.00 price zone acting as a key pivot for short‑term trading decisions.