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Axiologix Issues Second Quarter And First Half Results. Revenues Up 26% Quarter On Quarter; Positive Income And Cash From Operations In Quarter
Axiologix Issues Second Quarter And First Half Results. Revenues Up 26% Quarter On Quarter; Positive Income And Cash From Operations In Quarter.
About this update from Axiologix Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nAxiologix Issues Second Quarter And First Half Results. Revenues Up 26% Quarter On Quarter; Positive Income And Cash From Operations In Quarter\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 Issues Second Quarter And First Half Results. Revenues Up 26% Quarter On Quarter; Positive Income And Cash From Operations In Quarter\n\nPR Newswire\n\nSARASOTA, Fla., Jan. 18, 2013\n\n\n\n\n\n\n\n\n \n \n \n\n\nSARASOTA, Fla., Jan. 18, 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 six months ended November 30, 2012, via the OTC Markets Disclosure & News Service.\n\n\n\n\n\n\nKey results were:\n\n\n\n\n\n\nRevenues were $261,128 for the three months ended November 30, 2012 (the \"Current Quarter\"), an increase of 26% over the last quarter ended August 31, 2012 and $468,728 for the six months, bringing revenues since inception to $655,867. \n\n\n\nGross margins maintained at 95%. \n\n\n\nEarnings before interest, taxes, depreciation and amortization (EBITDA) was a positive $27,498 for the Current Quarter, as opposed to a loss of $80,797 for the previous quarter ended August 31, 2012. \n\n\n\nOperating income for the Current Quarter was $2,397 as opposed to a loss of $101,986 for the previous quarter ended August 31, 2012. \n\n\n\nNet loss for the Current Quarter was $84,917 as opposed to $209,942 for the previous quarter ended August 31, 2012. \n\n\n\nGenerated positive cash flows from operations of $25,127 for the six months ended November 30, 2012 and $61,601 since inception. \n\n\n\nCash increased by $1,956 for the six months ended November 30, 2012.\n\n\n\n\nFull details of the Company's Quarterly Report can be found at http://www.otcmarkets.com/stock/AXLX/financials.\n\n\n\n\nVincent Browne, Chairman and Chief Executive of Axiologix, Inc., said, \"This has been a very strong quarter for us in delivering against our operational targets and ...