Axios Mobile Assets reported earnings results for the quarter ended June 30, 2015. For the quarter, revenue grew to $453,000 from $41,000 in the year-ago period. Net loss expanded to $1.8 million or $0.01 loss per share from $0.8 million or $0.01 loss per share in the year-earlier period.

The progression of losses quarter over quarter was reflective of the start-up stage of the business.