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Axiologix, Inc. Reports Nine Month Results: $710,678 In Revenues Compared To No Revenues For Same Period Last Year
Axiologix, Inc. Reports Nine Month Results: $710,678 In Revenues Compared To No Revenues For Same Period Last Year.
About this update from Axiologix Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nAxiologix, Inc. Reports Nine Month Results: $710,678 In Revenues Compared To No Revenues For Same Period Last Year\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nAxiologix, Inc. Reports Nine Month Results: $710,678 In Revenues Compared To No Revenues For Same Period Last Year\n\nPR Newswire\n\nSARASOTA, Fla., April 17, 2013\n\n\n\n\n\n\n\n\n \n \n \n\n\nSARASOTA, Fla., April 17, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, today announced that it has filed unaudited results for the three and nine months ended February 28, 2013, via the OTC Markets Disclosure & News Service.\n\n\n\n\n\n\nKey results were:\n\n\n\n\n\n\nRevenues of $710,678 for the nine month period versus zero revenues for the same period last year. \n\n\n\nRevenues were $241,950 for the three months ended February 28, 2013. \n\n\n\nGross margins continue to be 95% as per previous guidance. \n\n\n\nGenerated positive cash flows from operations of $27,623 in the current quarter increasing the total cash from operations to $52,750 for the nine months ended February 28, 2013. \n\n\n\nCash increased by $72,879 for the nine months ended February 28, 2013.\n\n\n\n\nFull details of the Company's Quarterly Report are accessible at http://www.otcmarkets.com/stock/AXLX/filings\n\n\n\n\nVincent Browne, Chairman and Chief Executive of Axiologix, Inc. said, \"This has been another positive quarter for us in maintaining positive operational cash flow position, increasing our cash position and securing the $800,000 equity transaction with institutional investor, Ironridge Technology Co. With the Ironridge transaction completed, we have significantly strengthened our Balance Sheet, which will help us a great deal in securing the necessary funding to close the pending acquisition of a company which will contribute more than $5 Million in revenues. We have reported positive working capital and a shareholders equity surplus for the first time. We have also g...