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) 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 (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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