TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial Results
TrustBIX Inc. (TSXV: TBIX) released its Q3 2025 financial results, reporting a significant increase in net loss to $255,984 compared to $9,773 in Q3 2024. Revenue declined 40.8% to $324,545, while operating expenses increased slightly by 3.9% to $547,111.
For the nine-month period, the company reported revenue of $1,021,778, down 13.8% year-over-year, while operating expenses improved by 8.6%. Despite revenue challenges, cash management showed improvement with operating activities providing $31,780 in Q3, a 70.5% increase from 2024.
CEO Hubert Lau highlighted progress in cost management and noted that while ViewTrak revenue decreased, the Alberta Food Security team secured new indoor farming technology orders, with initial deliveries beginning in June 2025.
TrustBIX Inc. (TSXV: TBIX) ha pubblicato i risultati del terzo trimestre 2025, registrando un forte aumento della perdita netta a $255,984 rispetto a $9,773 nel Q3 2024. I ricavi sono diminuiti del 40,8%, a $324,545, mentre le spese operative sono aumentate lievemente del 3,9% raggiungendo $547,111.
Nel periodo di nove mesi la società ha riportato ricavi per $1,021,778, in calo del 13,8% su base annua, mentre le spese operative sono migliorate dell'8,6%. Nonostante le difficoltà sui ricavi, la gestione della liquidità è migliorata: le attività operative hanno generato $31,780 nel Q3, un incremento del 70,5% rispetto al 2024.
Il CEO Hubert Lau ha sottolineato i progressi nella gestione dei costi e ha osservato che, sebbene i ricavi di ViewTrak siano diminuiti, il team Alberta Food Security ha ottenuto nuovi ordini per tecnologie di coltivazione indoor, con le prime consegne a partire da giugno 2025.
TrustBIX Inc. (TSXV: TBIX) publicó sus resultados del tercer trimestre de 2025, mostrando un aumento notable de la pérdida neta a $255,984 frente a $9,773 en el Q3 de 2024. Los ingresos cayeron un 40,8% hasta $324,545, mientras que los gastos operativos aumentaron ligeramente un 3,9% hasta $547,111.
En el periodo de nueve meses, la compañía reportó ingresos de $1,021,778, una disminución interanual del 13,8%, mientras que los gastos operativos mejoraron un 8,6%. A pesar de los retos en ingresos, la gestión de efectivo mejoró: las actividades operativas aportaron $31,780 en el Q3, un aumento del 70,5% respecto a 2024.
El CEO Hubert Lau destacó los avances en el control de costos y señaló que, aunque los ingresos de ViewTrak disminuyeron, el equipo Alberta Food Security consiguió nuevos pedidos de tecnología para agricultura interior, con las primeras entregas comenzando en junio de 2025.
TrustBIX Inc. (TSXV: TBIX)는 2025년 3분기 실적을 발표하며 순손실이 Q3 2024의 $9,773에서 $255,984로 크게 증가했다고 보고했습니다. 매출은 40.8% 감소한 $324,545였고, 영업비용은 3.9% 소폭 증가해 $547,111을 기록했습니다.
9개월 누계에서는 매출이 $1,021,778로 전년 대비 13.8% 감소한 반면, 영업비용은 8.6% 개선되었습니다. 매출 악화에도 현금관리 상태는 개선되어 영업활동으로 Q3에 $31,780을 창출했으며 이는 2024년 대비 70.5% 증가한 수치입니다.
CEO Hubert Lau는 비용관리에서의 진전을 강조하며 ViewTrak 매출은 감소했지만 Alberta Food Security 팀이 실내농업 기술에 대한 신규 수주를 확보했고 초기 납품은 2025년 6월부터 시작되었다고 언급했습니다.
TrustBIX Inc. (TSXV: TBIX) a publié ses résultats du troisième trimestre 2025, indiquant une forte augmentation de la perte nette à $255,984 contre $9,773 au T3 2024. Le chiffre d'affaires a diminué de 40,8% pour s'établir à $324,545, tandis que les charges d'exploitation ont augmenté légèrement de 3,9% à $547,111.
Sur les neuf mois, la société a réalisé un chiffre d'affaires de $1,021,778, en baisse de 13,8% sur un an, tandis que les charges d'exploitation se sont améliorées de 8,6%. Malgré les difficultés de revenus, la gestion de la trésorerie s'est améliorée : les activités opérationnelles ont fourni $31,780 au T3, soit une hausse de 70,5% par rapport à 2024.
Le PDG Hubert Lau a souligné les progrès en matière de maîtrise des coûts et a noté que, bien que les revenus de ViewTrak aient diminué, l'équipe Alberta Food Security a obtenu de nouvelles commandes de technologies pour la culture en intérieur, avec les premières livraisons débutant en juin 2025.
TrustBIX Inc. (TSXV: TBIX) veröffentlichte seine Finanzergebnisse für Q3 2025 und meldete einen deutlichen Anstieg des Nettoverlusts auf $255,984 gegenüber $9,773 im Q3 2024. Der Umsatz sank um 40,8% auf $324,545, während die Betriebskosten leicht um 3,9% auf $547,111 anstiegen.
Im Neunmonatszeitraum berichtete das Unternehmen über Umsätze von $1,021,778, ein Rückgang von 13,8% gegenüber dem Vorjahr, während die Betriebskosten um 8,6% verbessert wurden. Trotz der Umsatzprobleme zeigte das Cash-Management Fortschritte: Die operative Tätigkeit erwirtschaftete im Q3 $31,780, ein Anstieg von 70,5% gegenüber 2024.
CEO Hubert Lau hob die Fortschritte im Kostenmanagement hervor und bemerkte, dass zwar die ViewTrak-Umsätze zurückgingen, das Alberta Food Security-Team jedoch neue Bestellungen für Indoor-Farming-Technik erhalten habe; die ersten Lieferungen begannen im Juni 2025.
- Cash from operating activities improved 70.5% to $31,780 in Q3
- Operating expenses for nine months improved 8.6% to $1.43M
- New orders secured for indoor farming technology
- First installation expected by September 2025
- Q3 revenue declined 40.8% year-over-year to $324,545
- Net loss increased significantly to $255,984 from $9,773 in Q3 2024
- Nine-month revenue down 13.8% to $1.02M
- Ongoing manufacturing delays affecting deliveries
Edmonton, Alberta--(Newsfile Corp. - August 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2025, and the related Management's Discussion and Analysis ("MD&A").
For the three and nine months ended June 30, 2025, compared to the same periods in 2024, the Company continued to manage its operating costs, while allocating additional resources toward advancing new business opportunities with its Alberta Food Security business, and reported:
- Three months ended June 30, 2025
- Net loss and comprehensive loss of
$255,984 , up$246,211 from$9,773 in 2024; - Cash provided by operating activities of
$31,780 , improved$13,142 (70.5% ) from$18,638 in 2024; - Revenue of
$324,545 , down$223,224 (40.8% ) from$547,769 in 2024; and - Operating expenses of
$547,111 , up$20,679 (3.9% ) from$526,432 in 2024.
- Net loss and comprehensive loss of
- Nine months ended June 30, 2025:
- Net loss and comprehensive loss of
$493,628 , up$21,920 from$471,708 in 2024; - Cash used in operating activities of
$24,236 , improved$50,551 (67.6% ) from$74,787 in 2024; - Revenue of
$1,021,778 , down$163,951 (13.8% ) from$1,185,729 in 2024; and - Operating expenses of
$1,431,056 , improved$134,611 (8.6% ) from$1,565,667 in 2024.
- Net loss and comprehensive loss of
"We are pleased with the continued progress in managing our operating costs while advancing key business opportunities," said Hubert Lau, TrustBIX CEO. "Revenue from our ViewTrak team was lower than the elevated levels seen in the same period last year, while our Alberta Food Security team continued to secure new orders and collect deposits for our indoor farming technology. While we continue to address manufacturing delays, initial deliveries for the 2024 orders began in June 2025 and the first installation is expected to be completed by September 2025."
The Company's financial results for the third quarter ended June 30, 2025, 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/263887
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