Welcome to our dedicated page for Exxe Group news (Ticker: AXXA), a resource for investors and traders seeking the latest updates and insights on Exxe Group stock.
Exxe Group Inc. (OTC: AXXA) is a multidisciplinary technology and asset monetization platform whose news flow centers on financial performance, strategic transformation, and technology-driven projects. Company updates highlight its evolution into a technology-enabled management and consulting platform with a hybrid SaaS-based and service-focused business model.
News releases frequently cover quarterly and annual financial results, including revenue trends, gross and net profit performance, and progress in reducing long-term debt and total liabilities. Exxe also reports on portfolio rebalancing, disposal of non-core assets, and efforts to streamline operations around higher-growth, service-based activities.
Another recurring theme in Exxe Group news is its real estate monetization pipeline. The company announces the onboarding of income-generating properties into its tech-based asset optimization platform, describing projects in locations such as Frankfurt in Germany and Thun and Aargau in Switzerland. These updates typically outline planned cash-out strategies, rental optimization, asset value enhancement, and revenue-sharing structures with clients and stakeholders.
Exxe’s communications also highlight developments in blockchain and tokenization, including the acquisition of Chain Adoption, Inc. and the rollout of its Blockchain Solutions Suite for Real-World Asset (RWA) tokenization and related Web3 applications. Strategic updates may address SaaS expansion, AI-based systems, fintech services, and audit preparation efforts at the corporate level.
Investors and observers following AXXA news can use this page to review Exxe Group’s reported financial milestones, platform deals, blockchain initiatives, and shareholder communications over time.
Exxe Group announced impressive fiscal results for the second quarter and first half of 2023. Quarterly revenue reached $12,956,036, up 17.5% from last year, while comprehensive income skyrocketed 108.8% to $3,825,044. The company's gross profit margin hit a new high of 82%, and operating margin increased to 31.7%. Exxe is also planning asset spin-offs and is negotiating new acquisitions to bolster its portfolio. Notably, current liabilities dropped by $4.4 million, highlighting improved financial health.
Exxe Group, Inc. (OTC PINK:AXXA) announced record quarterly revenue of $4,886,700 for the period ending September 30, 2022, marking a 77.4% increase year-over-year. The first half of fiscal 2023 saw revenue and EBIT rise by 111.8% and 45%, respectively. The success was driven by M Moto's B2B eCommerce platform, which nearly doubled sales. Future growth is expected from new markets and products worth an estimated $700 million. This achievement marks the sixth consecutive quarter of record revenue for M Moto.
Exxe Group's M Meditech Division achieved record quarterly results for Q2 ended September 30, 2022, with revenues increasing by 55% to $2,173,480 and EBIT up 117.8% to $1,271,411. The EBIT margin rose to 58.5% from 41.6% in the previous year. The first half of fiscal 2023 is approaching the full-year figures for 2022. Growth was driven by strong demand in medical hygiene products across government and military sectors. Exxe anticipates even stronger results for the full fiscal year.
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.