As another trading day begins, investors are going to be on the hunt for stocks that may be a bit under the radar and one of the stocks which could well be looked into today is that of Extreme Biodiesel Inc (OTCMKTS:XTRM).
In this regard, it is necessary to note that the name of the company may be a bit misleading considering the fact that Extreme Biodiesel is actually involved in the real estate space. It is a property development company that is mainly involved in building single-family homes in the state of Idaho. There has been no news about the company in recent weeks but back on March 17, Extreme Biodiesel had reported strong revenues in the fourth fiscal quarter of 2021 and the full year of 2021.
In this context, it is also necessary to point out that the company had also announced at the time that it was committed to creating value for shareholders and had no plans to go for a stock split in the near term. Extreme Biodiesel managed to bring in revenues to the tune of as much as $13,470,710 for the fiscal year 2021 and that reflected a year-on-year rise of as much as 9% from the 2020 fiscal year revenues of $12,342,160.
On the other hand, Extreme Biodiesel also generated gross profits of as much as $2,559,435 and that was again a significant jump from the gross profits of $1,611,149 in the previous fiscal year. Last but certainly not least, the net earnings for the 2021 fiscal year came in at $966,019 and that represented a substantial jump from the net earnings of $299,140 in the 2020 fiscal year. In light of such a performance, it may be a good time for investors to start taking an interest in the Extreme Biodiesel stock.
