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The INX Digital Company Inc. (E:INXD)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 550 Burrard St. Suite 2900
Vancouver BC V6C 0A3
Tel: N/A
Website: https://www.inx.co
IR: See website
Key People
Shy Datika
President, Chief Executive Officer, Founder, Director
Alan Silbert
CEO - North America, Secretary, Director
Itai Avneri
Deputy Chief Executive Officer, Chief Operating Officer
Renata Szkoda
Chief Financial Officer
Paz Diamant
Chief Technology Officer
Keren Avidar
Global General Counsel
Jonathan Azeroual
Chief Blockchain Officer
James Crossley
Director of Business Development
Maia Naor
Chief Product Officer
Vlad Uchenik
Chief Compliance Officer of INXS
   
Business Overview
The INX Digital Company, Inc. is engaged in the operation and ongoing development of integrated and regulated solutions for trading blockchain assets. Its INX.One trading platform is designed to help customers automate and coordinate front-office trading functions, middle-office risk management and reporting functions, as well as operations and accounting functions. The Company charges a fee at the transaction level. The transaction fee is calculated based on volume, which varies as a result of the value of the transaction. The Company operates through two segments: Digital assets and Brokerage. The Digital assets segment offers integrated, regulated solutions for trading blockchain assets that includes a digital asset trading platform, a security token trading platform, and other services and products related to the trading of digital assets. The Brokerage segment facilitates financial transactions between financial institutions and offers a full range of brokerage services to banks.
Financial Overview
For the nine months ended 30 September 2023, INX Digital Company Inc revenues increased from $3.5M to $10.5M. Net loss totaled $31.9M vs. income of $178.2M. Revenues reflect Brokerage Segment increase of 32% to $3.7M, Digital Assets Segment increase of 2% to $722K. Net loss reflects Other Non Operating I/E decrease from $112.7M (income) to $8K (expense), Other Operating Expense increase from $7.3M (income) to $406K (expense).
Employees: 6 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1.89M as of Sep 30, 2023
Annual revenue (TTM): $27.43M as of Sep 30, 2023
EBITDA (TTM): -$24.94M as of Sep 30, 2023
Net annual income (TTM): -$2.69M as of Sep 30, 2023
Free cash flow (TTM): -$19.82M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 233,450,643 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization