ParagonX Holdings, Inc. Maintains Profitability, Improves Balance Sheet, and Continues Work with Creditors as the Transition Team Completes its Work

TULSA, Okla., April 1, 2025 /PRNewswire/ -- ParagonX Holdings, Inc. (OTC:CAVR) -- ParagonX released its 2024 earnings report, exceeding expectations by delivering positive net income per share and reducing overall liabilities while it evaluates opportunities for significant future growth and expansion. The company also announced that Caprino Management, LLC completed its transition oversight of ParagonX effective March 18, 2025. The company announced that the Board of Directors had appointed Billy Robinson as Secretary.

"We are immensely grateful for Caprino Management, LLC's instrumental role in our company's transformation over the last year and a half. Under their astute leadership, we have positioned the company for success, reduced total shares outstanding, collaborated with creditors to reduce total liabilities, and achieved positive earnings per share. This marks a significant milestone in our business journey. Bringing Billy Robinson in to evaluate and execute options under consideration by the Board with the transition complete marks another step in a complete turnaround of the business," Kevin V. Cox, ParagonX 's Chairman of the Board, stated.

"Working with and negotiating settlements associated with the company's large (3)(A)(10) creditors is the most ...

https://www.benzinga.com/pressreleases/25/04/n44584499/paragonx-holdings-inc-maintains-pro-tability-improves-balance-sheet-and-continues-work-with-credit