Exxe Group Reports Full Year 2024 Results
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 (OTC PINK: AXXA) ha riportato i risultati dell'intero anno 2024 e del Q4 2024, evidenziando una crescita significativa e cambiamenti strategici. Il fatturato annuo è aumentato del 19% a 63,2 milioni di dollari, mentre il fatturato del Q4 è cresciuto del 4,9% a 15,7 milioni di dollari. L'azienda ha fatto notevoli progressi nel ridurre il debito a lungo termine del 51,2% a 23,0 milioni di dollari e le passività totali del 49,8% a 31,2 milioni di dollari.
Le principali mosse strategiche includono la riclassificazione degli attivi, l'ottimizzazione delle operazioni e la dismissione di una controllata mentre si forma una joint venture. Exxe ha acquisito diritti di licenza per la distribuzione territoriale in vari settori e ha stipulato accordi per i servizi della piattaforma. L'azienda sta anche preparandosi per audit a livello aziendale e ha collaborato con studi di revisione per raggiungere questo obiettivo.
Exxe Group (OTC PINK: AXXA) presentó sus resultados del año completo 2024 y del Q4 2024, mostrando un crecimiento significativo y cambios estratégicos. Los ingresos anuales aumentaron un 19% a 63,2 millones de dólares, mientras que los ingresos del Q4 crecieron un 4,9% a 15,7 millones de dólares. La empresa ha logrado un progreso importante en reducir la deuda a largo plazo en un 51,2% a 23,0 millones de dólares y las obligaciones totales en un 49,8% a 31,2 millones de dólares.
Las principales acciones estratégicas incluyen reclasificación de activos, optimización de operaciones y la venta de una filial mientras se forma una empresa conjunta. Exxe adquirió derechos de licencia de distribución territorial en varias industrias y aseguró acuerdos para servicios de plataforma. La compañía también está preparándose para auditorías a nivel corporativo y ha trabajado con firmas de auditoría para lograr este objetivo.
Exxe Group (OTC PINK: AXXA)는 2024년 전체 연도 및 2024년 4분기 결과를 보고하며 주목할 만한 성장과 전략적 변화를 보여주었습니다. 연간 수익이 19% 증가하여 6320만 달러에 달했습니다. 4분기 수익은 4.9% 증가한 1570만 달러를 기록했습니다. 회사는 장기 부채를 51.2% 줄여 2300만 달러로 감소시키고 총 부채를 49.8% 줄여 3120만 달러로 낮추는 데 큰 진전을 보였습니다.
주요 전략적 조치로는 자산 재분류, 운영 최적화, 자회사의 매각 및 합작 투자 형성이 포함됩니다. Exxe는 다양한 산업에서 지역 분배 라이센스 권리를 확보하고 플랫폼 서비스에 대한 계약을 체결했습니다. 회사는 또한 기업 수준 감사 준비를 하고 있으며 이를 달성하기 위해 감사 회사와 협력하고 있습니다.
Exxe Group (OTC PINK: AXXA) a annoncé ses résultats pour l'année complète 2024 et le quatrième trimestre 2024, montrant une croissance significative et des changements stratégiques. Le chiffre d'affaires annuel a augmenté de 19% pour atteindre 63,2 millions de dollars, tandis que le chiffre d'affaires du quatrième trimestre a crû de 4,9% pour s'établir à 15,7 millions de dollars. L'entreprise a effectué des progrès importants dans la réduction de la dette à long terme de 51,2% pour atteindre 23,0 millions de dollars et des passifs totaux de 49,8% pour atteindre 31,2 millions de dollars.
Parmi les principales mesures stratégiques figurent la reclassification des actifs, l'optimisation des opérations et la cession d'une filiale tout en formant une coentreprise. Exxe a acquis des droits de licence pour la distribution territoriale dans divers secteurs et a sécurisé des accords pour des services de plateforme. L'entreprise se prépare également à des audits au niveau corporatif et a engagé des cabinets d'audit pour atteindre cet objectif.
Exxe Group (OTC PINK: AXXA) hat die Ergebnisse für das ganze Jahr 2024 und das 4. Quartal 2024 veröffentlicht, die ein signifikantes Wachstum und strategische Veränderungen zeigen. Der Jahresumsatz stieg um 19% auf 63,2 Millionen Dollar, während der Umsatz im 4. Quartal um 4,9% auf 15,7 Millionen Dollar wuchs. Das Unternehmen hat erhebliche Fortschritte bei der Reduzierung der langfristigen Schulden um 51,2% auf 23,0 Millionen Dollar und der Gesamtschulden um 49,8% auf 31,2 Millionen Dollar gemacht.
Zu den wichtigsten strategischen Maßnahmen gehören die Neueinstufung von Vermögenswerten, die Optimierung der Abläufe und der Verkauf einer Tochtergesellschaft bei gleichzeitiger Gründung eines Joint Ventures. Exxe hat Lizenzrechte zur Territoriumverteilung in verschiedenen Branchen erworben und Vereinbarungen für Plattformdienste gesichert. Das Unternehmen bereitet sich auch auf Unternehmensprüfungen vor und hat sich mit Prüfungsfirmen zusammengetan, um dieses Ziel zu erreichen.
- Annual revenue increased by 19% to $63.2 million in FY2024
- Q4 2024 revenue grew 4.9% to $15.7 million
- Long-term debt reduced by 51.2% to $23.0 million
- Total liabilities decreased by 49.8% to $31.2 million
- Acquired territory distribution licensing rights in multiple industries
- Secured agreement with broker-dealer for share buyback strategy
- Q4 2024 revenue per share decreased to $0.0014 from $0.0058 in Q4 2023
- One-time loss of $3.4 million from disposal of non-core assets
-
Annual revenue:
$63.2 million $30.2 million $(0.00 45) -
4Q2024 revenue:
$15.7 million $6.6 million $0.00 14 -
Total liabilities decreased to
$31.2 million $46 million
Key Financial Highlights
Annual revenue growth: Increased by
Fourth Quarter revenue growth: Increased by
Revenue per share for 4Q2024:
Long-term debt reduction: Decreased by
Total liabilities reduction: Decreased by
Significant Events
On March 31, 2024, Exxe Group completed several key transactions and events that reflect the evolution of its business and favorably position the Company for future growth. We reclassified certain assets, including acquisitions and investments, and optimized our operations to facilitate an overall company audit.
A core transaction was the disposition of our subsidiary, Myle-One Beteiligungen AG, to minority interest holders while forming a joint venture. This reduced the carrying costs of certain assets, significantly decreasing debts and interest, and retained benefits for our shareholders through alternative agreements and contracts.
In addition, Exxe Group formed agreements to acquire services from multiple existing and new service providers. Collectively, the services agreements allow Exxe to provide platform services to client companies under joint venture agreements, including licenses and territory distribution rights.
Exxe Group acquired territory distribution licensing rights for businesses in industries such as fintech, media, architectural and interior design, furniture, medical products, medical devices, and automotive repair and products. We also acquired rights in additional, currently undisclosed industry segments.
These steps were designed to accelerate the execution of Exxe's business plan. Our ultimate goal is to leverage these initiatives to enhance value and deliver significant benefits to our investors.
Finally, Exxe secured an agreement with a broker-dealer to implement a share buyback strategy.
Subsequent Events and Audits
Exxe Group has set a corporate-level audit as a management objective. We engaged an audit prep company and an auditing firm to advise us on achieving this goal.
As of July 12, 2024, Exxe Group completed the preparation of two years of books for Designarchive AG as requested by the auditor. Management is focused on simplifying the process to facilitate overall company audits, marking a significant milestone in our strategy.
Management Comments
Dr. Eduard Nazmiev, Exxe Group CEO, stated: "Exxe Group made several strategic moves over the reporting period. Our optimized operations around licensing and contracts generated over
About Exxe Group
Exxe Group is a multidisciplinary technology company that develops, acquires, and delivers diversified service suites through its proprietary, innovative platform. We offer these suites and applications via a Software-as-a-Service (SaaS) model to enhance operations and productivity for digital and brick-and-mortar businesses. Core competencies include fintech-based financial management, media and design marketing, management consulting, strategic advisory, and AI-based systems. Exxe operates in a broad range of segments, including fintech, real estate, agritech, software, AI, medical products, media and design, automotive products, and automotive repair. Revenue and profit are generated via license, software, and service contracts related to our platform and core competencies.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
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Exxe Group IR: info@exxegroup.com
Source: Exxe Group
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