NEW YORK, Nov. 23, 2020
NEW YORK, Nov. 23, 2020 /PRNewswire/ —
- 2Q2021 revenues surpass record $7.7M set in 1Q2021
- $8.2M 2Q2021 revenues increase 211% from $2.6M in 2Q2020
- $15.8M revenue in 1H2021 increases 216% over 1H2020
- AXXA reaffirms FY-2021 $30.8M revenue target
Exxe Group, Inc. (OTC PINK: AXXA), a fintech company focused on synergistic diversified acquisitions, reports financial results for its second fiscal quarter ending September 30, 2020.
- Regrouping and recombination of 1031 exchange real estate, currency exchange, AI and blockchain software platforms
- Formation of AXXAInvest real estate services platform and fintech modules
|2Q2021 ($)||2Q2020 ($)||Percentage Change|
|Total Current Assets||16,128,818||3,229,357||399%|
|Net Income / Loss||1,249,894||(831,911)|
AXXA generated $8.2M gross revenues in 2Q2021 surpassing the $7.7M record set in 1Q2021; a 5% sequential Quarter-over-Quarter growth. Compared to the same period last year 2Q revenue increased 211% from $2,619,576, while net income was $1,249,894 against a $(831,911) loss.
Total assets were $206,022,467 in 2Q2021 as compared to $152,958,973 in the same period last year.
AXXA’s $15.8M revenues in 1H2021 grew 216% compared to $3,826,192 in the same period last year.
Notable results came from AXXA’s agribusiness segment as commodity prices rose during the Quarter. Agribusiness was Exxe’s single largest revenue contributor followed by Real Estate.
Eduard Nazmiev, Ph.D., CEO and President of Exxe Group commented: “I am pleased to report $15.9M revenues in 1H2021 compared to $15.3M booked in AXXA’s entire FY-2020. AXXA reaffirms its $30.8 million FY-2021 revenue target.”
AXXA’s UK-based 1Myle currency exchange services operation goes live this month. 1Myle is targeting revenues of $15 million in the first twelve months of operation from bitcoin exchange trading activities.
About Exxe Group, Inc.
Exxe Group is a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable and digital technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance – accelerating their growth by providing both access to capital and management expertise. For additional information go to www.exxegroup.com
CONTACT: Exxe Group IR: email@example.com, 855-285-2285
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SOURCE Exxe Group, Inc.