Exxe Group Inc (AXXA)

[wiseowal]

Revenue grew a whopping 240% in just 3 months! What can we expect in the next 3 months?

"Revenue grew by over 240% to $1.2 million as compared with $348,439 for the same period last year. The growth in revenue was diverse and across multiple holdings, led by sales and income generated by its new real estate, mortgage, industrial and agriculture holdings. Given the strength across the spectrum, management is very encouraged regarding future revenue growth performance in the second half of the year. Moreover, the integration of the recently closed transactions should begin to drive our cross-holding growth.
Shareholder’s equity rose to $80.3 million versus $37.8 million in the corresponding quarter in 2019, an impressive 110% increase. This figure is a key measure that demonstrates that the company’s aggressive, targeted acquisition and operations strategy is succeeding. Investors should expect a series of new Letters of Intent to be announced prior to the end of the current quarter. Once closed, these transactions will further increase our reach and financial performance."