AXXA Despite operating during the unprecedented COVID-19 pandemic AXXA generated gross revenues of $7,677,080. This is an increase of approximately 535% over the same period a year ago when top-line revenue was $1,206,616. This figure compares with $6.7 million recorded in the fourth quarter ended March 31, 2020, and is an impressive 15% sequential quarterly growth in one of the global economy’s most difficult periods. Net income of $926,860 was substantially greater than the performance in the corresponding period a year ago when there was a loss of ($735,379).
Shareholder’s equity rose over 52% to around $122.7 million, up from $80.3 million last year, and is a solid increase from the $116.2 million recorded just one quarter ago. Based on the shares outstanding at the end of the period, AXXA’s book value per share was $0.28. AXXA intends to obtain a third party financial review of each individual holding to build a comprehensive asset valuation. This confirmatory process may result in nominal adjustments in the value of certain individually isolated segments of the overall holdings.
Key Metrics
2021 2020 Change %
Total Current Assets $14,309,104 $2,295,939 +523%
Total Assets $200,958,076 $121,147,237 +65%
Total Liabilities $78,248,394 $40,798,150 +92%
Shareholder Equity $122,709,682 $80,349,087 +53%
Q1 revenue $7,677,080 $1,206,616 +535%
Net Income $926,860 ($736,379)
Annual Revenue $30,800,000E $15,341,001A +100%
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