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TrustBIX Inc. (V:TBIX)

Business Focus: Software

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEDAR
Company Contact
Address: 10607 82 St NW 2nd Floor
EDMONTON AB T6A 3N2
Tel: N/A
Website: https://www.trustbix.com
IR: See website
Key People
N/A    
Business Overview
TrustBIX Inc is a Canada-based company, which is focused on the global agricultural industries. The Company delivers customer service, software, hardware, data management and services to agricultural product users and customers. The Company provides tools that allow participants to communicate, build business opportunities upstream and downstream related to the information in the system. Its Web-based data exchange platform, Beef InfoXchange system (BIXS), integrates both existing and new industry software for supply chain traceability. Its Financial Interest Notifications System (FINS) is a solution to reduce the risk of cattle lending for bank and other financial institutions. Its ViewTrak product offers livestock information technology solutions.
Financial Overview
For the nine months ended 30 June 2020, TrustBIX Inc revenues decreased 8% to C$1.1M. Net loss decreased 18% to C$2.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Professional fees decrease of 69% to C$226K (expense), Hardware costs and supplies decrease of 34% to C$133K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $5.21M as of Jun 30, 2020
Annual revenue (TTM): $1.55M as of Jun 30, 2020
EBITDA (TTM): -$2.82M as of Jun 30, 2020
Net annual income (TTM): -$2.91M as of Jun 30, 2020
Free cash flow (TTM): -$2.79M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,860,913 as of Sep 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization