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TrustBIX Inc. (TBIXF) delivers innovative agricultural technology solutions through its AI-driven indoor farming systems and Gate to Plate® platform. This news hub provides investors and industry stakeholders with timely updates on company developments shaping sustainable food production.
Access official press releases and curated analysis covering strategic partnerships, product innovations, and financial performance. Our repository includes details on international reseller agreements, automation technology deployments, and sustainability initiatives that demonstrate TrustBIX's market leadership.
Key updates feature developments in machine learning applications for crop optimization, expansion of monitoring service networks, and collaborations with global organizations like AgriPlay Ventures. Stay informed about operational milestones through verified reporting on hardware deployments and recurring revenue model growth.
Bookmark this page for direct access to TBIXF's evolving role in agricultural technology. Check regularly for essential updates impacting investment research and sector analysis.
TrustBIX Inc. (TSXV: TBIX) has announced a significant development in its indoor farming technology business. The company's subsidiary, Alberta Food Security Inc. (AFSI), has received a $5 million purchase order from an arm's length customer to construct multiple indoor vertical farms in Ontario, Canada.
Key details of the order include:
- 50% deposit required before delivery
- Remaining balance due within 30 days of delivery
- Expected gross margin of approximately 15%
- Annual fee of about 5% of the purchase price for AI-powered automation and monitoring services
This order follows initial orders announced in April 2024 and demonstrates the growing demand for TrustBIX's technologies in addressing food security and promoting sustainable agriculture.
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 (TSXV: TBIX) released its Q2 financial results for the period ending March 31, 2024. The company reported a significant reduction in operating expenses by 61% and an improvement in operating cash flow by 98%, with cash used in operations decreasing by $582,571 to $13,046. However, revenue dropped by 49.4% to $343,406 for the quarter. For the six months ending March 31, 2024, revenue fell by 41.9% to $637,960, while operating expenses decreased by 59.3% to $1,039,235. Non-cash operating expenses related to stock-based compensation and amortization also saw a significant reduction. The company is focusing on converting customers to Auction Master Pro and has signed initial orders for indoor farming technology under Alberta Food Security.
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