EXXE GROUP INC - AXXA STOCK NEWS

Exxe Group (OTC PINK: AXXA) reported strong Q1 2025 results, with revenue increasing 6.5% year-over-year to $16.63 million. The company's gross profit margin stood at 42.7%. Notably, net income improved significantly, turning a $11.40 million loss in Q1 2024 into a $3.34 million profit in Q1 2025. Exxe reduced its long-term debt by 5.3% and total liabilities by 4.4% compared to the previous year.

The company's revenue breakdown by segment was: Automotive ($7.9M), Medical ($4.36M), Agriculture ($2.90M), Real Estate ($1.14M), and Miscellaneous ($0.33M). Exxe Group is projecting FY-2025 annualized revenue of $70 million and is actively expanding its SaaS-based platform, with plans to onboard new clients in the telecommunications sector.

Exxe Group (OTC PINK: AXXA) reported its full-year 2024 and Q4 2024 results, showing significant growth and strategic shifts. Annual revenue increased by 19% to $63.2 million, while Q4 revenue grew 4.9% to $15.7 million. The company made substantial progress in reducing long-term debt by 51.2% to $23.0 million and total liabilities by 49.8% to $31.2 million.

Key strategic moves include reclassifying assets, optimizing operations, and disposing of a subsidiary while forming a joint venture. Exxe acquired territory distribution licensing rights in various industries and secured agreements for platform services. The company is also preparing for corporate-level audits and has engaged with audit firms to achieve this goal.

Exxe Group has finalized an acquisition agreement for Serenity Lakeside Resort in Phuket, Thailand, marking its entry into the Southeast Asian hospitality sector. The deal involves acquiring a 50% stake initially, with plans to obtain majority control in early 2024. This transaction is part of a broader $87.4 million acquisition portfolio. The resort features diverse accommodations including bungalows and suites, set in a prime location near the world-famous Patong Beach. Exxe aims to enhance guest experiences by introducing alternative payment methods like cryptocurrencies and unique on-site events, leveraging its existing business units for potential furniture sales. The CEO highlighted the quality of the resort experience, emphasizing plans to stamp Exxe's presence in the region's hospitality industry.

Exxe Group, Inc. (OTC PINK:AXXA) has signed a definitive Letter of Intent (LOI) with a UK technology firm to implement a fully-automated algorithmic trading system, scheduled for closure in April 2023. The partner has previously developed three fully-automated trading systems and the current system has successfully completed over 10,000 trades in recent quarters. It is expected to generate an initial annual trading volume of $50 million and be profitable from inception. Shareholders will receive net profits via standard voting protocols.

Exxe Group (OTC PINK:AXXA) announced significant updates regarding its financial structure. As of March 31, 2022, long-term debt has decreased from $56.5 million to $49.4 million, a drop of approximately $7.2 million. The company plans to eliminate an additional $4.5 million in long-term debt, reducing total liabilities to about $63.8 million. Exxe aims for a quarterly revenue target of $15 million in 2023, having reported approximately $38.2 million in the first three quarters of FY-2023. Average quarterly profits are around $3.76 million, maintaining total assets over $250 million.

Exxe Group has officially filed to redomesticate from Delaware to Wyoming, a process expected to complete in approximately 4-6 months. This strategic move, approved by the Board and majority shareholders, offers significant corporate advantages such as unrestricted stock buyback capabilities. The company has initiated multiple steps in the redomestication process, including the dissolution of its Delaware corporation and filing necessary documents in Wyoming. CEO Dr. Eduard Nazmiev believes this transition will support upcoming corporate initiatives, including a potential uplisting and spin-off activities.