Axis Auto Finance Inc. announced earnings results for the first quarter ended September 30, 2017. The company reported revenues of $2.2 million for the quarter increased 47% from the revenues of $1.5 million for the comparative period in fiscal 2017, consistent with the portfolio growth. Net income for the quarter was $68,866, or $0.001 per share, up from a net loss of $96,117 in first quarter of fiscal 2017. Adjusted earnings for the quarter were $0.5 million compared to $0.2 million in 2016. On an annual run-rate basis, Adjusted earnings were $2.1 million, up from $0.9 million for the 2017 fiscal year.