TrustBIX Inc. Announces June 30, 2024, Third Quarter Financial Results
TrustBIX Inc. (TSXV: TBIX) has announced its financial results for the third quarter ended June 30, 2024. The company reported its first quarter of positive cash flow from operating activities, attributed to a focus on ViewTrak and Alberta Food Security (AFSI). Key highlights include:
- Q3 revenue of $547,769, up 26.5% year-over-year
- Operating expenses decreased by 44.7% to $526,432
- Net loss reduced to $9,773 from $548,243 in 2023
- Positive cash flow from operating activities of $54,443
For the nine-month period, revenue decreased by 22.5% to $1,185,729, while operating expenses were down 55.3%. The company has signed new customers, converted existing ones to Auction Master Pro, and received an initial deposit for AFSI's indoor farming technology.
TrustBIX Inc. (TSXV: TBIX) ha annunciato i suoi risultati finanziari per il terzo trimestre conclusosi il 30 giugno 2024. L'azienda ha riportato il suo primo trimestre di flusso di cassa positivo dalle attività operative, grazie a un focus su ViewTrak e sulla Sicurezza Alimentare dell'Alberta (AFSI). Tra i punti salienti:
- Entrate del terzo trimestre pari a $547,769, in aumento del 26,5% rispetto all'anno precedente
- Le spese operative sono diminuite del 44,7% a $526,432
- La perdita netta è stata ridotta a $9,773 rispetto ai $548,243 del 2023
- Flusso di cassa positivo dalle attività operative di $54,443
Per il periodo di nove mesi, le entrate sono diminuite del 22,5% a $1,185,729, mentre le spese operative sono scese del 55,3%. L'azienda ha acquisito nuovi clienti, ha convertito quelli esistenti a Auction Master Pro e ha ricevuto un deposito iniziale per la tecnologia di agricoltura indoor dell'AFSI.
TrustBIX Inc. (TSXV: TBIX) ha anunciado sus resultados financieros para el tercer trimestre que finalizó el 30 de junio de 2024. La compañía reportó su primer trimestre de flujo de efectivo positivo de las actividades operativas, atribuido a un enfoque en ViewTrak y en la Seguridad Alimentaria de Alberta (AFSI). Los puntos destacados incluyen:
- Ingresos del tercer trimestre de $547,769, un aumento del 26.5% en comparación con el año anterior
- Los gastos operativos disminuyeron un 44.7% a $526,432
- La pérdida neta se redujo a $9,773 desde $548,243 en 2023
- Flujo de efectivo positivo de las actividades operativas de $54,443
En el período de nueve meses, los ingresos disminuyeron un 22.5% a $1,185,729, mientras que los gastos operativos se redujeron un 55.3%. La compañía ha firmado nuevos clientes, convertido a los existentes a Auction Master Pro y ha recibido un depósito inicial para la tecnología de agricultura en interiores de AFSI.
TrustBIX Inc. (TSXV: TBIX)는 2024년 6월 30일 종료된 제3분기 재무 결과를 발표했습니다. 이 회사는 ViewTrak와 Alberta Food Security (AFSI)에 집중한 덕분에 운영 활동에서 긍정적인 현금 흐름의 첫 분기를 보고했습니다. 주요 하이라이트는 다음과 같습니다:
- 3분기 수익: $547,769, 전년 대비 26.5% 증가
- 운영 비용은 44.7% 감소하여 $526,432
- 순손실은 2023년의 $548,243에서 $9,773로 감소
- 운영 활동에서 긍정적인 현금 흐름 $54,443
9개월 동안의 수익은 22.5% 감소하여 $1,185,729이었고, 운영 비용은 55.3% 감소했습니다. 회사는 새로운 고객을 확보하고, 기존 고객을 Auction Master Pro로 전환하며, AFSI의 실내 농업 기술을 위한 초기 보증금을 받았습니다.
TrustBIX Inc. (TSXV: TBIX) a annoncé ses résultats financiers pour le troisième trimestre s'achevant le 30 juin 2024. L'entreprise a signalé son premier trimestre avec un flux de trésorerie positif provenant des activités opérationnelles, attribué à un focus sur ViewTrak et la Sécurité Alimentaire de l'Alberta (AFSI). Les points clés incluent:
- Chiffre d'affaires du T3 de 547 769 $, en hausse de 26,5 % par rapport à l'année précédente
- Les dépenses opérationnelles ont diminué de 44,7 % pour atteindre 526 432 $
- La perte nette a été réduite à 9 773 $ contre 548 243 $ en 2023
- Flux de trésorerie positif des activités opérationnelles de 54 443 $
Pour la période de neuf mois, les revenus ont diminué de 22,5 % pour atteindre 1 185 729 $, tandis que les dépenses opérationnelles ont baissé de 55,3 %. L'entreprise a signé de nouveaux clients, converti des clients existants vers Auction Master Pro, et a reçu un dépôt initial pour la technologie de culture en intérieur de l'AFSI.
TrustBIX Inc. (TSXV: TBIX) hat seine finanziellen Ergebnisse für das dritte Quartal zum 30. Juni 2024 bekannt gegeben. Das Unternehmen berichtete über sein erstes Quartal mit positivem Cashflow aus operativen Tätigkeiten, was auf den Fokus auf ViewTrak und die Alberta Food Security Initiative (AFSI) zurückzuführen ist. Die wichtigsten Highlights sind:
- Q3-Umsatz von $547,769, ein Anstieg von 26,5% im Vergleich zum Vorjahr
- Die Betriebsausgaben sanken um 44,7% auf $526,432
- Der Nettoverlust wurde auf $9,773 von $548,243 im Jahr 2023 reduziert
- Positiver Cashflow aus operativen Tätigkeiten von $54,443
Im Neunmonatszeitraum sanken die Einnahmen um 22,5% auf $1,185,729, während die Betriebsausgaben um 55,3% zurückgingen. Das Unternehmen hat neue Kunden gewonnen, bestehende auf Auction Master Pro umgestellt und eine erste Anzahlung für die Indoor-Farming-Technologie von AFSI erhalten.
- First quarter of positive cash flow from operating activities
- Q3 revenue increased by 26.5% year-over-year to $547,769
- Operating expenses decreased by 44.7% in Q3 and 55.3% for the nine-month period
- Net loss significantly reduced from $548,243 to $9,773 in Q3
- Signed new customers and converted existing ones to Auction Master Pro
- Received initial deposit for AFSI's indoor farming technology
- Nine-month revenue decreased by 22.5% to $1,185,729
- Still reported a net loss, albeit reduced, for both Q3 and nine-month period
Edmonton, Alberta--(Newsfile Corp. - August 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2024, and the related Management's Discussion and Analysis (MD&A).
"We are excited to report our first quarter of positive cash flow from operating activities; as a result of our focus on ViewTrak and Alberta Food Security ("AFSI"). In Q3, we signed new customers and converted existing customers to Auction Master Pro. We also received the initial deposit on a signed order of AFSI's indoor farming technology. In addition, we continue to diligently control our operating expenses, which have decreased by
For the three months ended June 30, 2024, compared to 2023, the Company posted:
- Revenue of
$547,769 , up$114,859 or26.5% ; - Operating expenses of
$526,432 , down$426,070 or44.7% ; - Net loss and comprehensive loss of
$9,773 , as compared to$548,243 in 2023; and - Positive cash flow from operating activities of
$54,443 , as compared to cash used in operating activities of$1,647 in 2023.
For the nine months ended June 30, 2024, compared to 2023, the Company posted:
- Revenue of
$1,185,729 , down$344,564 or22.5% ; - Operating expenses of
$1,565,667 , down$1,939,170 or55.3% ; - Net loss and comprehensive loss of
$471,708 , as compared to$1,865,301 in 2023; and - Cash used in operating activities of
$54,287 , as compared to$668,928 in 2023.
The Company's financial results for the third quarter ended June 30, 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.
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/221220
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