Business
EQS-News: Endexx Corporation Announces Filing of Q4 2024 Financials, Removal of Yield Sign, and CEO Update on Growth Strategy
EQS-News: Endexx Corporation Announces Filing of Q4 2024 Financials, Removal of Yield Sign, and CEO Update on Growth Strategy.
About this update from Endexx Corp.
[{"type":"text","content":"\n\n\n\n\t\n\n\n\n\n\n\n\n\n\nEQS-News: Endexx Corporation\n\n\n / Key word(s): Financial\n\n\n\n\n\nEndexx Corporation Announces Filing of Q4 2024 Financials, Removal of Yield Sign, and CEO Update on Growth Strategy 17.02.2025 / 15:04 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n CAVE CREEK, ARIZONA - February 17, 2025 (NEWMEDIAWIRE) - Endexx Corporation (OTC: EDXC), a leading provider of innovative wellness products, is pleased to announce the successful filing of its Q4 2024 financial results, reflecting key improvements in revenue growth, cost management, and market expansion. Additionally, Endexx has officially removed the Yield sign from its OTC Markets listing, reinforcing its commitment to transparency and compliance. Under the new OTC Markets framework, the company will soon be designated as an OTCID-listed company, further strengthening its standing with investors.\nLetter from the Interim CEO, Brad Listermann\nDear Shareholders, Partners, and Supporters,\nI want to take a moment to personally connect with you and share an honest and forward-looking update on Endexx Corporation. As Interim CEO, I recognize the challenges we’ve faced, and I want to assure you that we are tackling them head-on with the entrepreneurial spirit that has always been at the heart of this company.\nAcknowledging the Challenges\nIt’s no secret that our financial position has been strained, with limited working capital and a heavy reliance on convertible financing in the past. We’ve experienced dilution, debt pressure, and cash flow constraints, all of which have made it difficult to operate at full capacity. However, rather than coming to investors with our hands out, we believe in rolling up our sleeves and proving our ability to execute.\nA Return to Our Entrepreneurial Roots\nOur strategy is simple: Drive real revenue, secure robust distribution agreements, launch innovative new products, and highlight our growth to build investor confidence, enabling us to negotiate funding on better terms.\n1. Strong Revenue Growth and Expanding Market Presence\n• Revenue increased 164% year-over-year, reaching $632K in Q4 2024, demonstrating growing demand for our products.\n• Our gross margin improved to 46.5%, indicating enhanced financial efficiency.\n• International sales remain a promising area, with ongoi...