Excel Corporation (EXCC)

[kickask]

Power
The 2016 10Q for the 9 months ended 9-30-16 INCLUDES Calpian. They are REQUIRED to consolidate Calpian. Please call the company or talk to a CPA to explain the quarterly as you clearly do not understand it. Let me try and explain as briefly as I can.

9 months ended Revenue

2016(incl Calpian) $12,731,311
2015(no Calpian) $3,295,781
2015 Proforma $14,486,622 (Excel and Calpian combined)


Bob also states this in the video. The quarterly revenue including Calpian is $4MM per qtr. Your comment about the $30MM is also misstated. Bob stated the proforma revenue for 2015 would have been $30MM in 2015 if they included Caplian for the whole year. This is roughly $15MM for Excel and $15MM for Calpian (hence, the comment doubling sales). They sold off the leasing revenue, leaving $16-18MM for 2016. ($4MM+/qtr including Calpian). This equates to the $15MM from Calpian and the remaining $3MM of revenue from Excel's payment processing. I believe Excel has great potential for growth but I would appreciate if incorrect/misleading information is not posted for others to use. This is all clearly stated in the 10Q, the press release you linked to and the video of the presentation.
Yours truly
"Clueless"