SPZI: JP3E Reports Significant Revenue Growth and Strong Consolidated Financial Results for Nine Months Ended September 30, 2024
JP3E Holdings (OTC: SPZI) reported strong financial results for the nine months ended September 30, 2024. The company achieved its first recorded revenue of $112.2 million, primarily driven by the acquisition of Bloxcross, Inc. Key financial metrics include gross profit of $14.4 million, net income of $6.1 million (improved from a $14,014 loss in Q3 2023), and total assets increase to $43.5 million. The company completed strategic acquisitions including Bloxcross, adding blockchain solutions valued at $25.3 million, and Hamilton Associates, contributing $18.2 million in real estate assets. JP3E also initiated commodity trading operations with its first chicken paw shipment to China.
JP3E Holdings (OTC: SPZI) ha riportato risultati finanziari solidi per i nove mesi terminati il 30 settembre 2024. L'azienda ha raggiunto il suo primo fatturato registrato di 112,2 milioni di dollari, principalmente grazie all'acquisizione di Bloxcross, Inc. I principali indicatori finanziari includono un utile lordo di 14,4 milioni di dollari, un reddito netto di 6,1 milioni di dollari (migliorato rispetto a una perdita di $14.014 nel terzo trimestre del 2023) e un aumento totale delle attività a 43,5 milioni di dollari. L'azienda ha completato acquisizioni strategiche tra cui Bloxcross, aggiungendo soluzioni blockchain valutate 25,3 milioni di dollari, e Hamilton Associates, contribuendo con 18,2 milioni di dollari in beni immobili. JP3E ha anche avviato operazioni di trading di materie prime con la sua prima spedizione di zampe di pollo in Cina.
JP3E Holdings (OTC: SPZI) informó resultados financieros sólidos para los nueve meses finalizados el 30 de septiembre de 2024. La empresa logró su primer ingreso registrado de 112,2 millones de dólares, impulsado principalmente por la adquisición de Bloxcross, Inc. Los principales indicadores financieros incluyen una ganancia bruta de 14,4 millones de dólares, un ingreso neto de 6,1 millones de dólares (mejorado respecto a una pérdida de $14.014 en el tercer trimestre de 2023) y un aumento total de activos a 43,5 millones de dólares. La empresa completó adquisiciones estratégicas, incluyendo Bloxcross, que añadió soluciones de blockchain valoradas en 25,3 millones de dólares, y Hamilton Associates, que contribuyó con 18,2 millones de dólares en activos inmobiliarios. JP3E también inició operaciones de comercio de materias primas con su primer envío de patas de pollo a China.
JP3E Holdings (OTC: SPZI)는 2024년 9월 30일로 종료된 9개월 동안 강력한 재무 결과를 보고했습니다. 회사는 Bloxcross, Inc. 인수에 힘입어 첫 번째 기록된 수익 1억 1220만 달러를 달성했습니다. 주요 재무 지표로는 1440만 달러의 총 이익, 610만 달러의 순이익(2023년 3분기 1만 4014달러의 손실에서 개선됐음) 및 총 자산이 4350만 달러로 증가했습니다. 회사는 Bloxcross를 포함한 전략적 인수를 완료하여 2530만 달러 상당의 블록체인 솔루션을 추가하고, Hamilton Associates를 통해 1820만 달러의 부동산 자산을 기여했습니다. JP3E는 또한 첫 번째 중국행 닭 발 운송을 통해 원자재 거래 운영을 시작했습니다.
JP3E Holdings (OTC: SPZI) a rapporté de solides résultats financiers pour les neuf mois clos le 30 septembre 2024. L'entreprise a réalisé son premier chiffre d'affaires enregistré de 112,2 millions de dollars, principalement grâce à l'acquisition de Bloxcross, Inc. Les principaux indicateurs financiers comprennent un bénéfice brut de 14,4 millions de dollars, un revenu net de 6,1 millions de dollars (amélioré par rapport à une perte de 14 014 dollars au troisième trimestre 2023) et une augmentation des actifs totaux à 43,5 millions de dollars. L'entreprise a complété des acquisitions stratégiques, dont Bloxcross, ajoutant des solutions blockchain évaluées à 25,3 millions de dollars, et Hamilton Associates, contribuant avec 18,2 millions de dollars d'actifs immobiliers. JP3E a également lancé des opérations de trading de matières premières avec son premier envoi de pattes de poulet vers la Chine.
JP3E Holdings (OTC: SPZI) berichtete über starke Finanzergebnisse für die neun Monate bis zum 30. September 2024. Das Unternehmen erzielte einen erstmalig aufgezeichneten Umsatz von 112,2 Millionen Dollar, hauptsächlich getrieben durch die Akquisition von Bloxcross, Inc. Wichtige Finanzkennzahlen umfassen einen Bruttogewinn von 14,4 Millionen Dollar, einen Nettogewinn von 6,1 Millionen Dollar (verbessert von einem Verlust von 14.014 Dollar im 3. Quartal 2023) und einen Anstieg der Gesamtvermögen auf 43,5 Millionen Dollar. Das Unternehmen hat strategische Akquisitionen, einschließlich Bloxcross, abgeschlossen, was Blockchain-Lösungen im Wert von 25,3 Millionen Dollar hinzufügte, und Hamilton Associates, die 18,2 Millionen Dollar an Immobilienvermögen beitrugen. JP3E hat auch den Warenhandel mit seiner ersten Sendung von Hühnerfüßen nach China begonnen.
- First-time revenue achievement of $112.2 million
- Net income improved to $6.1 million from previous year's loss
- Total assets increased significantly to $43.5 million from $8,774
- Operating income of $8.7 million with controlled expenses of $5.7 million
- Strategic acquisition of Bloxcross adding $25.3 million in IP value
- Low earnings per share of $0.001
SOMERSET, N.J., Nov. 18, 2024 (GLOBE NEWSWIRE) -- JP 3E Holdings, Inc. (“JP3E”) formerly known as Spooz, Inc. (OTC: SPZI), a provider of innovative financial and commodity trading solutions, has announced its consolidated financial results for the nine months ended September 30, 2024. The results reflect strong revenue growth, strategic acquisitions, and operational efficiency, signaling a period of robust expansion and innovation for the company.
Key Highlights for Consolidated Financials Nine Months Ended September 30, 2024:
- Revenue:
$112.2 million , marking the first recorded revenue for JP3E, driven by contributions from recently acquired Bloxcross, Inc. - Gross Profit:
$14.4 million , showcasing the company's ability to manage cost of goods sold effectively. - Net Income:
$6.1 million , a significant improvement from a net loss of$14,014 in Q3 2023. - Total Assets: Increased to
$43.5 million from$8,774 as of December 31, 2023, reflecting acquisitions and asset appreciation. - Earnings Per Share:
$0.00 1, emphasizing the impact of JP3E’s expanded operations.
Strategic Developments
- JP3E acquired Bloxcross, Inc., a digital assets innovation company that specializes in blockchain-driven solutions for global trade and cross-border payments. This acquisition significantly contributed to the company’s revenue growth and enhanced its intellectual property portfolio, valued at
$25.3 million . - The company also integrated Hamilton Associates LLC., adding
$18.2 million in land and building assets.
Operational Efficiency
- Total expenses were managed at
$5.7 million , enabling the company to report operating income of$8.7 million .
Chairman/President Statement:
“During the third quarter, we transitioned and added Diego Baez, CEO of Bloxcross, to become the CEO of JP3E. Since going live on August 8, 2024, with the Bloxcross trading platform, Diego and his team have proven to be instrumental in immediately bringing substantial valuation to JP3E,” said John K. Park, Chairman and President of JP3E.
Looking Ahead
JP3E continues to explore opportunities for expansion in the blockchain and commodity trading sectors. In September 2024, the company executed its first shipment of Grade A Chicken Paws to China under its February 2024 contract, marking a significant milestone in its commodity trading operations. Our commodity business is progressing with chicken, sugar, coal, aluminum, and gold transactions. We anticipate our revenues from these commodities to be reflected in the near term with additional shipment and delivery confirmations. The company remains focused on enhancing shareholder value through strategic growth initiatives and operational excellence.
For a more detailed and complete analysis of the Company’s financial results for the nine months ended as of September 30, 2024, please refer to the Company’s Financials under Disclosure, which were filed earlier on OTC Markets. https://www.otcmarkets.com/stock/SPZI/disclosure
To receive information on JP3E, sign up for email news alerts at https://www.jp3e.com/subscription.
For additional information on the Global Trade Financing Platform via Bloxcross, Inc., reach out to sgallegos@bloxcross.com.
About JP 3E Holdings, Inc.:
JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors. With a commitment to sustainability and market leadership, JP3E continues to drive new trends and solutions in global commodity markets.
About Bloxcross, Inc.:
Bloxcross is at the forefront of financial technology, specializing in blockchain-based solutions for cross-border payments and trade finance. Dedicated to streamlining global financial transactions, Bloxcross provides secure, fast, and cost-effective services to clients worldwide. To learn more about their groundbreaking solutions, visit https://www.blox.global/.
Company Contact:
John K. Park, Chairman
john.park@jp3eholdings.com
732-241-0598 Office
Websites: https://www.jp3e.com/
https://www.jp3eholdings.com/
Twitter: http://www.twitter.com/SpoozInc
Facebook: http://www.Facebook.com/SpoozInc
E-Mail: info@jp3e.com
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). The Companies caution that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, and estimates made by management. Actual results could differ materially from current projections or implied results. The Companies undertake no obligation to revise these statements following the date of this news release.
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