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JP 3E Holdings Inc. (OTC: SPZI) Stock Falls After Earnings Update

Ian Leigh

This morning, the JP 3E Holdings Inc. (OTC: SPZI) stock could well be one to watch in light of the announcement from the company yesterday. The company announced its financial results yesterday, and the numbers could make for interesting reading.

Strong Performance

The financial results were announced for the nine-month period ended on September 30, 2024. JP 3E Holdings recorded revenue of $112.2 million for the period, which was a record for the company. The revenue growth had largely been driven by the revenues from Bloxcross, the newly acquired entity.

The gross profit stood at $14.4 million and the net income for the period was $6.1 million, which reflected a strong improvement from the net loss of $14014 for the third quarter of 2023. The company’s earnings per share for the nine-month period were $.001 and were a reflection of its expanded operations.

Bloxcross Acquistion

One of the more important developments from 2024 was the acquisition of Bloxcross. Bloxcross is a digital asset innovation entity with a specialization in blockchain-powered solutions meant to aid cross-border payments and worldwide trade. The acquisition not only helped JP 3E Holdings boost its revenues but also enhanced its intellectual property portfolio to a significant degree.

Technicals

+/- EMA(20)0.0053 (+0.00%)
+/- SMA(50)0.0048 (+10.42%)
+/- SMA(200)0.0064 (-17.19%)
5-Day Perf.+1.92%
1-Month Perf.+65.63%
3-Month Perf.+1.92%
6-Month Perf.-33.75%
YTD Perf.+39.47%
1-Year Perf.+1666.67%
RSI(14)50.58
ATR(14)–
ADX(14)21.08

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.