TrustBIX Inc. (V:TBIX)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | Suite 200 10607 82 Street EDMONTON AB T6A 3N2 |
| Tel: | N/A |
| Website: | https://www.trustbix.com |
| IR: | See website |
| Key People | ||
| Hubert Lau President, Chief Executive Officer, Director | Edward Kent Power Vice Chairman of the Board, Company Secretary | Gordon Mah Chief Financial Officer |
| Thomas Ronald Ogaranko Chief Innovation Officer | Deborah Wilson Chief Industry Engagement Officer | |
| Business Overview |
| TrustBIX Inc. is a technology company providing Gate to Plate solutions. The Company offers a range of services, including auditing and certification, chain of custody, sustainability reporting, and incentive programs to help the customers enhance their operations and meet the demand in the agri-food industry. It operates in three reportable segments: ViewTrak, the development and sale of information solutions for the livestock industry and related services; BIX, which leverages blockchain-derived technology and incentive solutions to deliver independent validation of food provenance and sustainable production practices within the agri-food supply chain, and AFS, which holds the Alberta territory license for a Controlled Environment Agriculture vertical indoor solution. ViewTrak technologies include Auction Master Pro and Electronic Pork Grader. BIX develops industrial IoT products and traceability solutions, and its technologies include BIX Location Services and BIX Location Services. |
| Financial Overview |
| For the three months ended 31 December 2023, TrustBIX Inc revenues decreased 30% to C$295K. Net loss decreased 60% to C$261K. Revenues reflect ViewTrak segment decrease of 18% to C$288K, BIX segment decrease of 90% to C$7K, Canada segment decrease of 62% to C$79K, United States segment decrease of 3% to C$199K. Lower net loss reflects Wages and benefits decrease of 66% to C$182K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.88M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.22M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.68M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.66M as of Dec 31, 2023 |
| Shares outstanding: | 131,569,330 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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