Exxe Group reported $70.9M in annual revenue and a 73% increase in revenue per dollar of assets after slashing goodwill by 88%.
Exxe Group posted fiscal year revenue of $70.9M, driven by a 35% reduction in total assets, including an 88% cut in goodwill. The moves lifted revenue generated per dollar of year-end assets by approximately 73%.
The company did not provide prior-year revenue figures or consensus estimates for comparison. Asset reductions were a key focus, improving capital productivity metrics.
No immediate market reaction was disclosed in the release.