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$AXXA - <u>Exxe Group Inc. Announces Dramatic Jump</u>

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OTC_Buyer Member Level  Tuesday, 11/19/19 02:26:43 PM
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$AXXA - Exxe Group Inc. Announces Dramatic Jump in Quarterly Revenue and Asset Growth


Revenue grew by a substantial 484% to $2,610,756 as compared with $448,021 for the same period last year. On a quarter-to-quarter basis, top-line rose by an impressive 117%, as compared with the June 2019 period. Operating income jumped by 31% to $245,921 versus $187,141 in the corresponding quarter in 2019. Net loss for the quarter was ($270,713), reflecting financing costs related to the series of acquisitions executed during the period. For the first six months of the fiscal year, Exxe Group recorded $3,826,192 in revenue and a net loss of ($1,007,092) versus $796,460 and net profit of $294, 830, for the same period last year, respectively.

Importantly, shareholder’s equity rose to $99,750,462 versus $37,753,734 in the corresponding quarter in 2018, a 164% increase. Moreover, shareholder’s equity jumped by 20% from the previous quarter.

Filings recently:

Quarterly Report - Q2 Financial Statement, Sep 30

Quarterly Report - Disclosure Statement Sep 30 '19

Form 1-A

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