EXXE GROUP INC - AXXA STOCK NEWS

Exxe Group (OTC PINK:AXXA) is enhancing its balance sheet by targeting the reduction of aged debt, which includes liabilities maturing in early 2022 estimated at up to $20 million. The company aims to convert up to $8 million of this debt into restricted preferred equity and plans limited stock issuance to mitigate future share count. Additionally, Exxe seeks to eliminate $4 million in accrued interest and long-term debt, positioning itself for greater private equity and real estate opportunities.

Exxe Group reported record revenue and net income for the December 2021 quarter, with revenue peaking at $14.2 million, a 53.1% increase compared to the same period in 2020. Net income reached $3.4 million, reflecting a 41.8% year-over-year growth. Over the nine-month period, revenue grew by 62.2% to $38.5 million, while net income increased 56.3% to $7.8 million. The company's operating margin improved to 26.3%, and total assets rose by 17% to $252.1 million. Exxe expects to meet or exceed its revenue forecast of $49-$53 million for the fiscal year ending March 2022.

Exxe Group announces the impending acquisition of patents for CARBON4000, a groundbreaking energy-efficient heating paint, aimed at tapping into a potential $40 million annual revenue stream. This sustainable technology is designed for the building sector and can operate on low-voltage electricity, making it a significant player in environmental tech. With plans for integration across various businesses and markets, including properties and the Metaverse, Exxe positions itself as a leader in green technology. Current revenues for CARBON4000 stand at $2 million.

Exxe Group (OTC PINK:AXXA) reported strong financial performance for the December 2021 quarter, with revenues increasing to $5.1 million and EBIT growing by 27% to $2.5 million. Key segments, including M MOTO and DHE group, saw revenues rise by 28% and 40%, respectively. The company's metaverse strategy is entering an exciting implementation phase, expected to drive future revenue growth. Complete financial results will be published in February 2022, with previously guided revenue estimates of $49 million to $53 million for the fiscal year.

Exxe Group (OTC PINK:AXXA) has launched a new entertainment-focused digital footprint as part of its Metaverse Initiative, aiming to enhance interactive activities in the Metaverse. The company expects a revenue increase of at least 15% from various entertainment sectors within 12-18 months. This initiative includes virtual fashion events and film production, leveraging partnerships across the US, China, and Europe. Exxe's strategy integrates physical and digital offerings, positioning itself with diverse services in the Metaverse, while Dr. Eduard Nazmiev emphasizes community mobilization to drive revenue growth.

Exxe Group (OTC PINK: AXXA) announced a significant expansion of its 1Myle crypto swap service, adding 20 popular altcoins to enhance its offerings. This move is projected to increase revenue by 20% above initial forecasts of $20M for 2022. The company also plans to introduce NFTs and gaming tokens, leveraging its innovative architecture for swift onboarding and enhanced security. Exxe aims to enter the US market in 2022, capitalizing on the evolving regulatory landscape. The CEO emphasized the potential for increased trading activity and recurring revenue through integrated digital services.

Exxe Group (AXXA) reported a successful initial closure of $10M in a $100M real estate acquisition, projecting a 25% immediate value increase. This marks a milestone of $250M in total assets. The company anticipates growing rental income and extending its digital services portfolio in the Metaverse, expecting it to represent a third of its revenue within 18 months. Management plans to enhance property values through upgrades and is positioned to leverage its expertise across physical and digital assets. Future updates will detail progress in various initiatives.

Exxe Group, Inc. (AXXA) is poised to enhance its real estate portfolio significantly, targeting a total asset increase of $100M across various stages of acquisition. The first phase is set to close in early 2022, promising an addition of $25M in real estate value each quarter. Additionally, Exxe has launched the AXXA Metaverse Initiative, focusing on integrating physical and digital assets to capitalize on a projected $800 billion market opportunity in the Metaverse. This dual strategy aims to leverage existing resources to drive revenue and growth.

Exxe Group, Inc. (AXXA) has clarified revenue targets in a recent press release. The company aims for $100M in revenue with a net margin of 15-20% for the fiscal period ending March 2023. For the current fiscal year ending March 2022, Exxe anticipates revenues between $49M and $53M, also targeting a similar net margin. The firm operates in diverse sectors, focusing on acquisitions to improve company performance and capitalize on growth opportunities.