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Extreme Biodiesel reports a strong start to Q1 2022 with 11 new homes initiated and 6 closed sales, alongside 7 homes pending under contract. Average home prices range from $520,000 to $570,000. The company anticipates closed sales revenue of approximately $20 million for the year, driven by a housing shortage in Boise, Idaho, a key real estate market. CEO Vinnie Angelos emphasizes the positive outlook, citing growth opportunities. The company relies on safe harbor laws for public statements, acknowledging risks related to government regulation, competition, and other factors that may impact actual results.
Extreme Biodiesel (XTRM) announced strong financial results for the fiscal year ending December 31, 2021. Revenues rose to $13,470,710, a 9% increase from $12,342,160 in 2020. Gross profit surged 59% to $2,559,435, and net earnings more than doubled to $996,019. The company reported year-end assets of $8,222,953, up 52% from the previous year. Additionally, 17 new homes are under construction, with many expected to complete in the second quarter of 2022. CEO Vinnie Angelos expressed confidence in continued growth and operational excellence in 2022.
Extreme Biodiesel (OTC Pink: XTRM) announces the termination of its Reg A filing, highlighting financial strength and growth potential. The subsidiary, North Star Homes, is performing well, with anticipated significant growth in 2022 and beyond. Management aims to enhance shareholder value through disciplined practices, focusing on revenue increase and margin maintenance without issuing new shares for expansion. CEO Vinnie Angelos expresses optimism, noting exceptional growth and a commitment to shareholder value.
Extreme Biodiesel (XTRM) reports substantial growth through its subsidiary, North Star Homes, with a revenue increase of over 115% from $2,900,500 to $6,750,890 for the first half of 2021. The company highlights a robust rise in cash on hand, assets, and inventory. They are also increasing construction financing, indicating a strong future pipeline. However, delays in a planned name and stock symbol change are noted, attributed to operational demands and regulatory slowdowns.
Extreme Biodiesel, Inc. (OTC PINK: XTRM) has entered the real estate market through its subsidiary, North Star Homes. The acquisition positions the company for financial growth amid a housing demand surge in Boise, Idaho. North Star Homes aims to construct over 50 homes in 2021 and more than 100 in 2022, capitalizing on rising home prices, which increased by approximately 45% in Ada County year-over-year. The company plans further developments to address the housing supply shortage, responding to the influx of residents relocating to Idaho.
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