TrustBix Inc. Announces December 31, 2024 First Quarter Financial Results
TrustBIX Inc. (TSXV: TBIX) has reported its financial results for Q1 ended December 31, 2024, showing significant improvements across key metrics compared to the same period in 2023:
- Net loss decreased by 28.6% to $186,233 (vs $260,953)
- Revenue increased by 22.8% to $361,821 (vs $294,554)
- Operating expenses reduced by 5.9% to $495,101 (vs $525,865)
- Cash used in operations improved by 31.2% to $60,606 (vs $88,066)
The company's Alberta Food Security marketing events have gained positive reception, helping expand awareness of TrustBIX's role in North American food security, sustainability, and transparency within the indoor vertical farming sector.
TrustBIX Inc. (TSXV: TBIX) ha riportato i suoi risultati finanziari per il primo trimestre conclusosi il 31 dicembre 2024, mostrando miglioramenti significativi in vari indicatori chiave rispetto allo stesso periodo del 2023:
- La perdita netta è diminuita del 28,6% a $186,233 (rispetto a $260,953)
- Il fatturato è aumentato del 22,8% a $361,821 (rispetto a $294,554)
- Le spese operative sono state ridotte del 5,9% a $495,101 (rispetto a $525,865)
- Il denaro utilizzato nelle operazioni è migliorato del 31,2% a $60,606 (rispetto a $88,066)
Gli eventi di marketing per la sicurezza alimentare in Alberta dell'azienda hanno ricevuto un'accoglienza positiva, contribuendo ad aumentare la consapevolezza del ruolo di TrustBIX nella sicurezza alimentare nordamericana, nella sostenibilità e nella trasparenza nel settore dell'agricoltura verticale indoor.
TrustBIX Inc. (TSXV: TBIX) ha reportado sus resultados financieros para el primer trimestre que terminó el 31 de diciembre de 2024, mostrando mejoras significativas en métricas clave en comparación con el mismo período en 2023:
- La pérdida neta disminuyó un 28.6% a $186,233 (frente a $260,953)
- Los ingresos aumentaron un 22.8% a $361,821 (frente a $294,554)
- Los gastos operativos se redujeron un 5.9% a $495,101 (frente a $525,865)
- El efectivo utilizado en operaciones mejoró un 31.2% a $60,606 (frente a $88,066)
Los eventos de marketing de seguridad alimentaria de la compañía en Alberta han tenido una recepción positiva, ayudando a expandir la conciencia sobre el papel de TrustBIX en la seguridad alimentaria en América del Norte, la sostenibilidad y la transparencia dentro del sector de la agricultura vertical en interiores.
TrustBIX Inc. (TSXV: TBIX)는 2024년 12월 31일 종료된 1분기 재무 결과를 발표했으며, 2023년 같은 기간에 비해 주요 지표에서 상당한 개선을 보여주었습니다:
- 순손실이 28.6% 감소하여 $186,233에 이르렀습니다 (대비 $260,953)
- 수익이 22.8% 증가하여 $361,821에 달했습니다 (대비 $294,554)
- 운영비용이 5.9% 줄어들어 $495,101이 되었습니다 (대비 $525,865)
- 운영에서 사용된 현금이 31.2% 개선되어 $60,606에 도달했습니다 (대비 $88,066)
회사의 알버타 식품 안전 마케팅 이벤트는 긍정적인 반응을 얻었으며, TrustBIX의 북미 식품 안전, 지속 가능성 및 실내 수직 농업 부문에서의 투명성에 대한 인식을 확장하는 데 기여하고 있습니다.
TrustBIX Inc. (TSXV: TBIX) a publié ses résultats financiers pour le premier trimestre se terminant le 31 décembre 2024, montrant des améliorations significatives dans des indicateurs clés par rapport à la même période en 2023 :
- La perte nette a diminué de 28,6 % à $186,233 (contre $260,953)
- Le chiffre d'affaires a augmenté de 22,8 % à $361,821 (contre $294,554)
- Les dépenses d'exploitation ont été réduites de 5,9 % à $495,101 (contre $525,865)
- La trésorerie utilisée dans les opérations s'est améliorée de 31,2 % à $60,606 (contre $88,066)
Les événements de marketing pour la sécurité alimentaire de l'entreprise en Alberta ont reçu un accueil positif, contribuant à accroître la sensibilisation au rôle de TrustBIX dans la sécurité alimentaire nord-américaine, la durabilité et la transparence dans le secteur de l'agriculture verticale en intérieur.
TrustBIX Inc. (TSXV: TBIX) hat seine finanziellen Ergebnisse für das am 31. Dezember 2024 endende 1. Quartal veröffentlicht und zeigt im Vergleich zum gleichen Zeitraum 2023 bedeutende Verbesserungen in den wichtigsten Kennzahlen:
- Der Nettoverlust sank um 28,6% auf $186,233 (gegenüber $260,953)
- Der Umsatz stieg um 22,8% auf $361,821 (gegenüber $294,554)
- Die Betriebsausgaben wurden um 5,9% auf $495,101 gesenkt (gegenüber $525,865)
- Der in den Betrieb verwendete Cashflow verbesserte sich um 31,2% auf $60,606 (gegenüber $88,066)
Die Marketingveranstaltungen zur Lebensmittelsicherheit des Unternehmens in Alberta haben eine positive Resonanz erhalten und tragen dazu bei, das Bewusstsein für die Rolle von TrustBIX in der nordamerikanischen Lebensmittelsicherheit, Nachhaltigkeit und Transparenz im Bereich der Indoor-Vergleichsfarmen zu erweitern.
- Revenue growth of 22.8% to $361,821
- Net loss reduced by 28.6%
- Operating expenses decreased by 5.9%
- Cash burn reduced by 31.2%
- Continuing net loss of $186,233
- Operating expenses ($495,101) still exceed revenue ($361,821)
Edmonton, Alberta--(Newsfile Corp. - February 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the first quarter ended December 31, 2024, and the related Management's Discussion and Analysis ("MD&A").
For the three months ended December 31, 2024, compared to the same period in 2023, the Company continued to successfully streamline operations and reduce expenses:
- Net loss and comprehensive loss of
$186,233 , as compared to$260,953 in 2023, improved by$74,720 or28.6% ; - Cash used in operating activities of
$60,606 , as compared to$88,066 in 2023, improved by$27,460 or31.2% ; - Revenue of
$361,821 , as compared to$294,554 in 2023, improved by$67,267 or22.8% ; and - Operating expenses of
$495,101 , as compared to$525,865 in 2023, improved by$30,764 or5.9% .
"We are pleased to see that our ongoing efforts to streamline operations and enhance efficiencies are delivering positive results. We remain committed to executing our long-term vision, and these achievements reinforce our confidence in the path we've set. Our Alberta Food Security marketing events have been well received, helping to expand awareness of TrustBIX and its role in supporting North American food security, sustainability and transparency within the indoor vertical farming space. We look forward to building on this momentum, alongside the continued efforts of our ViewTrak team," said Hubert Lau, TrustBIX CEO.
The Company's financial results for the first quarter ended December 31, 2024, and the related MD&A, have been filed and are available on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca.
About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.
Forward-Looking Information
This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242387
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