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[littlejohn]

AXAS 1.85, financials updated on otcmarkets.com

site...click on quarterly...

https://www.otcmarkets.com/stock/AXAS/financials

Income Statement highlights...

$4.53 Earnings per share top line

number includes restructuring...

.57 Earnings per share from Operations

less interest cost for quarter...

Balance Sheet highlights...

reduction of about $228 million of

current liabilities down to just

over $12 million...


Stockholder equity increased to over

$60 million from a minus $116 million

at year end 2021...positive change

of about $176 million in equity...


Cash Flow highlights...

About $11 million cash flow from

operating activities is about $1.30

per share...companies need cash

flow from operating activities to fund

Cap Ex for drilling or well upgrades...


AXAS results show restructuring has

produced a more stable company that

can now focus on improving revenue...


So we watch...LJ