Abaxx Technologies Inc. (E:ABXX)
Business Focus: Financial Technology (Fintech) (NEC)
| Sector: Technology | Industry: Financial Technology (Fintech) |
| Company Contact | |
| Address: | 18 King Street East, Suite 902 TORONTO ON M5C 1C4 |
| Tel: | N/A |
| Website: | https://www.abaxx.tech |
| IR: | See website |
| Key People | ||
| Joshua Dale Crumb Chairman of the Board, President, Chief Executive Officer | Steven W. Fray Chief Financial Officer | Dan Mceldfuf President of Abaxx Singapore Pte. Ltd. |
| Jef Lipton General Counsel | Tafadzwa Mbanga Head of Corporate Development | Robert P. Boisjoli Company Secretary |
| Business Overview |
| Abaxx Technologies Inc. is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions secure. The Company is primarily focused on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Abaxx Technologies Inc revenues increased from C$0K to C$216K. Net loss decreased 43% to C$9.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Gain (loss) on investment under equity m increase from C$2.2M (expense) to C$20.2M (income). |
| Employees: | 4 as of Dec 31, 2016 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $397.78M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.22M as of Dec 31, 2023 |
| EBITDA (TTM): | -$31.09M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.63M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$22.47M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 32,841,695 as of Apr 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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