SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Axxess Unlimited, Inc. (OTC: AXXU) today announced the second quarter 2013 financial results for the period ending June 30, 2013.
The consolidated financial results today include the accounts of Axxess Unlimited and its two operating divisions, Axxess Digital and Axxess Apps.
“This was an exceptional quarter, combining solid growth and strong demand for our products and services. We remain strategically focused on growth priorities that will drive our business forward and provide unprecedented opportunity for our customers, partners and shareholders. We continue to differentiate the Axxess experience by uniting consumer insights, innovation and execution,” commented Michael Roth, Chairman and Chief Executive Officer.
Second quarter 2013 compared to second quarter 2012 results included:
- Total Revenues up 330% to $272,775 compared to $63,392
- Gross Profit grew 1076% to $193,961 compared to loss of $19,876
- Operating Expenses were up 97% as the company continued to invest in R&D and channel rollout for Axxess products and technology.
- Operating Net Income increased 103% to $3,118 compared to loss of $116,773
Six-month period 2013 compared to six-month period 2012 results included:
- Total Revenues up 305% to $518,485 compared to $128,161
- Gross Profit grew 1212% to $352,532 compared to $26,868
- Operating Expenses were up 80%
- Operating Net Income increased 96% to a loss of $6,551 compared to a loss of $172,982
- Accounting for the cost of the transaction with Azia Corporation, the Net Income for the six-month period ended June 30, 2013 was a loss of $159,614.
In the second quarter, the Company saw a number of key developments, the most important of which were the continued successful rollout of the Axxess Interlock Reporting product; as well as the second generation of the Axxess D-REP (Digital Real Estate Platform) product.
The company is on track to reach its goal of over $1 million in revenue for 2013. The company expects to file in the third quarter for uplisting to the OTCBB. Axxess Unlimited, Inc.’s second quarter results ending June 30, 2013 are available on www.otcmarkets.com.
About Axxess Unlimited, Inc.
Headquartered in Scottsdale, Arizona, with affiliated offices globally, Axxess Unlimited, Inc. is the holding company for the Axxess family of companies, which includes both vertically-integrated operating businesses and horizontally-integrated companies; each supported by a common software technology – the Axxess RISE™ Platform.
As a next generation business intelligence company, Axxess Unlimited, Inc. has continued to grow to provide actionable, next-generation business intelligence for a wide range of businesses and organizations. Leveraging technology to build brands, the Company provides information-driven business solutions through interactive marketing, interactive technologies, application and product development, customer relationship management, business intelligence, portals and collaboration, and infrastructure solutions. For more information, please visit www.axxessunlimited.com.
Forward-Looking Statement
This press release may contain certain 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. These statements are not guarantees of the Company’s future performance and are subject to risks, uncertainties and other important factors that could cause actual performance to be materially different from what is projected and planned. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the risk that anticipated transactions will not close, as the parties are under no legal obligation to close certain of these transactions, the risk that past performance will not accurately indicate future results, and the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic public disclosures filed with OTC Market Groups, Inc. and available online at www.otcmarkets.com.
