Exxe Group Stock Price, News & Analysis

Exxe Group (OTC PINK:AXXA) reported its 1Q2023 financial results with revenues of $11.7 million, up 6.5% from $11.0 million in 1Q2022. The company's net income increased by 77.5% to $3.3 million from $1.8 million year-over-year. Total assets rose by 10.2% to $257.6 million compared to $233.8 million previously. The company successfully restructured over $20 million in debt and reported significant gains in automotive demand and agricultural commodity pricing.

Exxe Group, Inc. (OTC PINK:AXXA) reported significant financial growth for the fiscal year ending March 31, 2022. Revenue surged by 47% year-over-year, reaching $49.8 million, while quarterly net income jumped 84.5% to $3 million. Shareholder equity increased by 25% due to a notable $10 million reduction in long-term debt. The company achieved a gross profit margin of 61.9% in Q4, attributed to its focus on high-margin sectors like M-Moto and Daskonzept. Exxe anticipates ongoing growth despite a challenging economic backdrop.

Exxe Group (OTC PINK:AXXA) reported significant growth for its subsidiary M-Moto, achieving a 358% increase in annual revenue, from $2.2 million in January 2020 to $10.01 million in January 2022. EBITDA also grew by 301%, reaching $3.53 million. The Company anticipates annualized revenues of $12 million by the end of 2022. M-Moto's expansion targets a Total Addressable Market of approximately 1 million engines annually across Europe.

Exxe Group, Inc. (OTC PINK:AXXA) has announced initiatives focusing on audits, asset monetization, and revenue growth to enhance shareholder value. The company plans to initiate an audit on a single asset and identify other private equity assets for future audits, aiming for co-funding and potential spin-offs. Its multi-thread revenue model aims at leveraging digital and physical assets, with the 1Myle Swaps platform enhancing transaction processing. The CEO claims these strategies could lead to significant revenue and profit maximization, positioning AXXA for impactful growth in the fintech sector.

Exxe Group, Inc. (OTC PINK:AXXA) has announced major advancements in its 1Myle Crypto Swaps Division, achieving over 1000 swap pairs and more than doubled crypto tokens on the platform. The company targets $20 million in revenue over the next four quarters, driven by increased operational availability and transaction security. During its beta phase, 1Myle Swaps significantly scaled operations, enhancing transaction capabilities and supporting a growing customer base. CEO Dr. Eduard Nazmiev expressed confidence in reaching revenue goals as the fiscal year unfolds.

Exxe Group (OTC PINK:AXXA) is enhancing its balance sheet by targeting the reduction of aged debt, which includes liabilities maturing in early 2022 estimated at up to $20 million. The company aims to convert up to $8 million of this debt into restricted preferred equity and plans limited stock issuance to mitigate future share count. Additionally, Exxe seeks to eliminate $4 million in accrued interest and long-term debt, positioning itself for greater private equity and real estate opportunities.

Exxe Group reported record revenue and net income for the December 2021 quarter, with revenue peaking at $14.2 million, a 53.1% increase compared to the same period in 2020. Net income reached $3.4 million, reflecting a 41.8% year-over-year growth. Over the nine-month period, revenue grew by 62.2% to $38.5 million, while net income increased 56.3% to $7.8 million. The company's operating margin improved to 26.3%, and total assets rose by 17% to $252.1 million. Exxe expects to meet or exceed its revenue forecast of $49-$53 million for the fiscal year ending March 2022.

Exxe Group announces the impending acquisition of patents for CARBON4000, a groundbreaking energy-efficient heating paint, aimed at tapping into a potential $40 million annual revenue stream. This sustainable technology is designed for the building sector and can operate on low-voltage electricity, making it a significant player in environmental tech. With plans for integration across various businesses and markets, including properties and the Metaverse, Exxe positions itself as a leader in green technology. Current revenues for CARBON4000 stand at $2 million.

Exxe Group (OTC PINK:AXXA) reported strong financial performance for the December 2021 quarter, with revenues increasing to $5.1 million and EBIT growing by 27% to $2.5 million. Key segments, including M MOTO and DHE group, saw revenues rise by 28% and 40%, respectively. The company's metaverse strategy is entering an exciting implementation phase, expected to drive future revenue growth. Complete financial results will be published in February 2022, with previously guided revenue estimates of $49 million to $53 million for the fiscal year.