Home / Knowledge / News / Fashion / Nexia announces 2007 Annual revenue increase of 76% Y-O-Y
Nexia announces 2007 Annual revenue increase of 76% Y-O-Y
May '08
Nexia Holdings Inc recently filed its Annual Report on Form 10-K, which is available at www.sec.gov. Nexia also filed its Form 10-Q for the quarter ended March 31, 2008, bringing it into compliance with its filing obligations.

Richard Surber, CEO of Nexia, noted, “I am committed to improving the timeliness of its Securities Exchange Act of 1934 filings through the remainder of 2008.”

Select financial data for the 12 months ended December 31, 2007 reported total revenues increased by 76% to $3,232,488 from $1,834,245 versus the same period in 2006. The increase in revenues is attributed to the Company's successful growth of Landis Lifestyle Salon including the acquisition of a second salon location, a 33% growth in rental revenue, and additional growth of the Black Chandelier fashion retail operation.

A net loss of $8,498,219 for the year ended 2007 was reported compared to a net loss of $1,983,297 for the year 2006. The substantial increases in net losses were primarily attributable to non-cash charges which can be analyzed in more detail by viewing Nexia's audited financial statements.

The statement of cash flows reflects $3,644,078 for preferred and common stock issuances, $2,087,027 for preferred stock issuances, $500,000 for the issuance of Series A Preferred stock and $196,599 for stock options issued. These non-cash items total $6,427,704. The Company's losses reflect relatively large non-cash, and non-recurring items.

Richard Surber, CEO of Nexia Holdings, stated, “I am looking forward to growing Nexia in 2008 through acquisitions and building upon our experience in 2007. Our staff has a vested interest to work hard in making Nexia a success in the coming years.

Our accounting staff worked tirelessly to file the last two reports and is improving every day. I am encouraged by the fact that we have weathered turbulent times. In the coming weeks, expect more news on upcoming developments.”

Nexia Holdings Inc

Must ReadView All

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Courtesy: Pexels

Textiles | On 22nd Jun 2018

Pakistan's textile exports up 9.82% in July-May FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search