expectations leveled down and this comes also with a string of acquisitions made by the company that have yet to bear fruit. Xurpas posted a ₱812 million loss in 2018 signaling that the company woes is far from over, early in the year of 2018 the company announced a management revamp and the engagement of financial adviser. It is disclosed on the Philippine Stock Exchange that it had posted a loss of ₱812 million in 2018. The figure reversing a ₱103 million profit in 2017, included impairment losses and a write-down in one of its overseas subsidiaries. 2019 - Present - Stock trading suspension, backdoor listing, stock trading suspension lifted and company's future uncertain In January 30, 2019 after just six months Raymond Racaza steps down as Xurpas CEO. Xurpas posts ₱71 million loss as its mobile business slows, the company trimmed its losses in the first quarler of 2019 as it boosted its own enterprise business and recorded lower costs and expenses during the three month period. The company posted a net loss of ₱70.61 million in the January to March period, 6.6% lower than it's attributable net loss of ₱75.63 million in the same period last year. On that same year Xurpas halted the operation of Xeleb Inc. and sells Yondu Inc. back to Globe Telecom. Xurpas stock trading was suspended in 2020, it also embarks on backdoor listing that same year, The Philippine Stock Exchange will not lift the trading suspension on shares of Xurpas after deciding that its planned ₱170.7 million acquisition of venture capital firm Wavemaker Partners US qualifies, as a backdoor listing. On September 20, 2020 Xurpas gets board nod to acquire US tech venture capital firm Wavemaker. In 2021 a buy in deal that would serve as a gateway for Xurpas to enter the vibrant US tech investing arena and an opportunity to participate in the hunt for unicorns has been halted. On January 17, 2022 Xurpas stock trading suspension has been lifted, after a 16 month suspension the Philippine Stock Exchange(PSE) will allow the technology firm to resume trading on it's bourse after the firm submitted a comprehensive disclosure on its aborted backdoor listing deal with US-based Wavemaker group.Xurpas plummets on the first day of trading after 16 month suspension. In early 2022, Xurpas raises ₱100 million to expand in "IT Augmentation" business. IT veteran will take the lead at Xurpas as