At this point in time, XY isn’t listed on a stock exchange. We’re still a privately held start-up. Until 2015, investing in companies like XY was only available to venture capital firms and other accredited investors. Through Reg A+ of the JOBS Act, you’re able to invest in XY without us going through an IPO and being publicly traded.
When/if investment like these show returns, it’s usually through dividends, an acquisition, or an IPO. SEC rules mean that I can’t speculate on when/if any of these will happen or which is more likely.
We released our semi-annual report yesterday, covering January 1 - June 30 2018. It’s available on the SEC’s website here. Here are, in my opinion, some key take-aways.
As of June 30, the company had more than $22 million in working capital, compared to negative $2 million at the end of 2017. This is due to a few factors, primarily the XYO token sale and a significant increase in international sales of our Findable devices.
From January 1 to June 30 of 2018, the company brought in a net profit of $5 million, compared to a net loss of $2 million during the same period last year.
From January 1 to June 30, XY brought in more than $1.4 million in revenue from the sales of our hardware devices. This is more than 200% growth over our revenue during the same period of 2017, and 40% more than we brought in through ALL of 2017, including the holiday season.
[Edited to correct dates]