Welcome to our dedicated page for Trustbix news (Ticker: TBIXF), a resource for investors and traders seeking the latest updates and insights on Trustbix stock.
TrustBIX Inc. (TBIXF) news covers the company’s activities as an agricultural technology business focused on its Gate to Plate® solutions. Investors and industry followers can use this page to review announcements about software development, asset acquisitions, capital raises, and corporate governance decisions that shape the company’s direction in the agri-food technology space.
Recent TrustBIX disclosures highlight the acquisition of an Indoor Farm Management System (IFMS) asset from Mindsgate Ltd., described as a fully integrated, production-ready platform for indoor farming. News items detail how this IFMS includes modules for farm operations, IoT device management, AI-driven plant recognition, traceability, CRM, operator training, order management, and resource tracking, and how TrustBIX plans to position it as an ERP-grade solution within its Gate to Plate® framework.
Company updates also address a strategic shift away from the existing Auction Master Pro (AMP) business toward a model centered on developing and licensing technology through strategic partners and pursuing SaaS revenue. Articles discuss the assignment of AMP support contracts to I.T. Group, the planned development of a modern livestock auction market software solution, and integration of that solution with the IFMS under the TrustBIX G2P platform.
In addition, TrustBIX news includes information on non-brokered private placements, stock option grants, and board and management changes, such as appointments to Chair of the Board and Chair of the Audit Committee and the results of the annual general meeting. For readers tracking TBIXF, this page aggregates these releases so they can follow how TrustBIX finances its operations, evolves its product focus, and manages corporate oversight.
Bookmark this page to access a consolidated view of TrustBIX Inc. news, from technology platform developments to financing transactions and governance updates related to its role in agricultural technology.
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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