Exxe Group Reports Record Revenue for December 2023 Quarter
-
- Quarterly revenues for first three Quarters of FY-2024 were
- Revenue growth in FY-2024 is currently 19.5% greater than FY-2023
- Total long-term debt decreased by 32.1% to
- Cash increased by 44% as compared to the same period in FY-2023
Business Highlights
Exxe exited a number of projects and rebalanced its holdings to focus capital on developing assets that have proven current or near-current revenue generation potential.
Expenses, intangibles, and goodwill were reduced significantly, positioning the company for revenue and asset growth going forward.
Dr. Eduard Nazmiev,
Divestitures
Disposals of non-strategic US real estate contracts to fit long-term vision and growth plans in
Other write-offs and divestitures: heating paint technology, contracts on apartments and other assets in the US, including
Financial Highlights
The Company improved its balance sheet, liquidity, and debt-to-asset ratios between the periods ending
Quarterly revenue run rates from FY-2023 to FY-2024 increased by approximately 19.5%. Quarterly revenue run rates were in the order of
The Company reported total long-term debt for the period ended
Total operating expense for the period ended
The company reported total assets for the period ended
About
Exxe Group Exxe is a diversified fintech company with assets in real estate, architectural design, agricultural, automotive, medical, media, and trading technology.
Website:
http://www.exxegroup.com/
Twitter:
https://twitter.com/exxegroup
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240222987170/en/
Exxe Group IR: info@exxegroup.com
Source: