Business
3DX Industries Reports 2021 Financial and Operating Results
3DX Industries Reports 2021 Financial and Operating Results.
About this update from 3dx Industries Inc.
[{"type":"text","content":"\n SEATTLE, Feb. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – 3DX Industries, Inc. (DDDX) (the “Company” or “3DX”), a state of the art additive manufacturer specializing in 3D Metal Printing, announces it has filed it’s Annual Report on otcmarkets.com for the period ending October 31, 2021. The Annual Report showcases the company’s performance from November 1, 2020, to October 31, 2021. The Annual Report identifies some of the company’s growth over the past year, including the following key highlights: Total Assets increased: The Company reported Total Assets of $2.26 million, up from $253,000 the year before.  Cash balance increased: The Company reported $680,000 in cash at the end of the reporting period, up from the previous reporting period, increasing its current asset position. Accounts receivables increased: The Company reported accounts receivables of $106,000, up over 400% from the previous reporting year. Revenues increased: Year over year revenues increased to $410,000, up from the previous year of $326,000 The Annual Report also shows the restricted common stock issued to attract the new team at 3DX Industries, Inc during the period. “We still have a lot of work to do, but we are headed in the right direction,” said Nicholas Coriano, Board Member at 3DX Industries, Inc. “We have the financial capital necessary to continue moving aggressively in 2022 and our acquisition strategy is moving along nicely.” “While our total liabilities did increase, we are outpacing that increase with the acquisitions of assets,” stated Mr. Janssen. “Acquiring Specialty Metal Works, LLC and related real estate shored up our balance sheet and we expect our future acquisitions to do the same,” he added. The Company is hosting its annual 3DX Investor Meeting in Ferndale Washington this June 8, 2022, where it will review the Annual Report and give investor guidance for the next reporting year.  All shareholders are welcome to attend. About the Company: 3DX Industries, Inc. is focused on the additive metal manufacturing segment within the manufacturing industry. 3DX has the capability of manufacturing a wide variety of products using its 3D metal printing system, 3D plastic printing as well as more traditional methods of precision manuf...