EXXE GROUP INC - AXXA STOCK NEWS

Exxe Group reported record growth in its financial performance for the second quarter of 2022, with a 62.9% revenue increase to $13.28M compared to the same quarter in 2021. Net income surged by 131.6% to $2.9M. Over six months, revenue reached $24.3M, an increase of 68%, while net income rose 83% to $4.73M. The company also saw significant increases in gross profit and margin. Exxe plans to release a corporate roadmap on Nov. 29.

Exxe Group, Inc. (OTC PINK:AXXA) announced strong quarterly performance, with three business lines recording an average revenue growth of 42% from June to September 2021. Key assets include MMeditech GmbH with $1.4 million in revenue (40% increase), Daskonzept Group AG at $1 million (29% increase), and MMOTO GmbH at $2.1 million (57% increase). CEO Dr. Eduard Nazmiev expressed that this performance exceeds expectations and demonstrates effective business strategies. Full results will be disclosed on November 15, 2021.

Exxe Group (OTC PINK:AXXA) has launched a revamped corporate website, enhancing its portfolio and investor relations. This upgrade marks the beginning of a new communication strategy aimed at improving connections with shareholders and potential investors. The company, a diversified fintech with interests in various sectors, aims to acquire undervalued assets and improve their performance.

Management plans to provide regular updates and utilize modern communication platforms to engage a broader audience.

Exxe Group (OTC PINK:AXXA) announced significant upgrades to its crypto-currency exchange, 1Myle, forecasting $20 million in revenue over the next year. Key enhancements include increased scalability, AI trading integration, and improved customer portals. The platform benefits from a partnership with a major exchange network that receives over 6 million visitors monthly, driving expected customer and transaction growth. The upgrades focus on infrastructure and trading capabilities, with plans to offer more digital assets, including Ethereum and Tether.

Exxe Group (OTC PINK:AXXA) reported record revenues of $11.02 million and net income of $1.8 million for 1Q2022, marking a 43% increase from $7.68 million in 1Q2021. This performance surpassed the previous record of $10.2 million set in 4Q2021.

Total assets rose to $233.78 million, a 16.3% increase year-over-year. The agribusiness revenue benefitted from rising commodity prices while automotive revenues saw a slight decline. CEO Eduard Nazmiev emphasized continued demand recovery in Swiss markets.

Exxe Group (OTC PINK:AXXA) reported record annual revenue of $33.9 million for FY-21, a 121% increase from $15.3 million in FY-20. Annual profits reached $6.6 million, up 86.8% from $3.6 million the previous year. In 4Q2021, revenues surged 50% to $10.2 million compared to $6.8 million in 4Q2020, breaking previous quarterly records. The company's total assets increased 15.2% to $222 million. Furthermore, Exxe Group's agribusiness and automotive segments displayed significant growth, contributing to overall performance.

Exxe Group, Inc. (OTC PINK:AXXA) has announced a shareholder-friendly debt restructuring plan addressing approximately $5 million in debt. This initiative aims to lower debt servicing costs and enhance cash liquidity by restructuring certain debt maturities, extending them by up to 60 months, and eliminating toxic convertible debt totaling $238,124. Creditor negotiations are expected to yield better terms, minimizing impacts on share count and maximizing long-term appreciation potential for shareholders. The changes will be reflected in the Q1 2022 balance sheet.

Exxe Group, Inc. (OTC PINK:AXXA) has acquired a controlling interest in Swiss furniture manufacturer and interior design agency daskonzept group AG. daskonzept holds $11.4 million in assets and reported $4 million in revenue with an EBITDA of $813,000 for CY-2020. The acquisition is expected to bolster AXXA's portfolio, projecting a revenue increase of 37% to $5.5 million and EBITDA growth of 34% to $1.1 million in CY-2021. This marks AXXA's entry into the furniture sector, targeting significant growth and enhanced capabilities.

Exxe Group, Inc. (OTC PINK:AXXA) has acquired a controlling interest in MarketMediaConnect (MMC), enhancing its tech asset base with new AI capabilities. MMC specializes in digital marketing and SEO, boasting a strong client base and proprietary software to boost brand recognition. This acquisition aims to leverage MMC’s expertise to expand Exxe's client outreach, particularly in the European markets, while supporting various business sectors including 1Myle, venture capital, and agribusiness. CEO Eduard Nazmiev highlighted the strategic importance of MMC in Exxe's fintech growth plans.