Business
Xalles Announces Q3 2023 Results, Extending Streak of Record Revenues
Xalles Announces Q3 2023 Results, Extending Streak of Record Revenues.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"WASHINGTON, D.C., November 15, 2023 - Xalles Holdings Inc., a premier fintech holding company specializing in cutting-edge technology and financial services solutions, has just disclosed its financial achievements for the third quarter ending September 30, 2023. This quarter is the 9th consecutive quarter of record revenues.The company witnessed an extraordinary 234% surge in revenue compared to the third quarter of 2022. Furthermore, the net income for Q3 2023 experienced a significant increase of 178% from the same period last year.Q3 generated $5,199,701 in revenue, contributing to an total of $13,786,650 for the first three quarters of the calendar and fiscal year 2023.Q3 net income was recorded at $762,978, bringing the nine-month total to $2,138,653, as of September 30, 2023.Xalles Holdings continues to focus on growth and reinforcing its position in key business groups. The company's management team believes that its performance in the third quarter is a clear indicator of its ongoing potential for success and innovation. About Xalles Holdings Inc. (OTC: XALL)Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain and other technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.com. Forward-Looking Statements Disclaimer:This press release contains 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. In some cases, you can identify forward-looking statements by the following words: \"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"ongoing,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"should,\" \"will,\" \"would,\" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-loo...