Xalles Holdings (OTC:XALL) reported a year-over-year increase in revenue and profits for the second quarter.
Revenue was up 4% from the year-ago quarter at $5,690,179 and profit surged 56% to $159,109.
“The second quarter of 2024 continued the recent trend of making short term investments to set the stage for medium- and long-term revenue and profit growth in years to come,” Xalles Holdings (OTC:XALL) said in a statement.
The holding company specializes in innovative technology and service solutions.
With its RISE (Roll In, Selected Exit) business model, the company seeks acquisition targets with strong management teams, robust business models, expansive total attainable markets, and attractive exit opportunities.