TrustBIX Inc. Announces June 30, 2026 Third Quarter Financial Results
Rhea-AI Summary
TrustBIX (TSXV: TBIX, OTC: TBIXF) reported third quarter results for the period ended June 30, 2026 and highlighted the August 4, 2026 completion of its acquisition of Zen Cyber, a revenue-generating cybersecurity consulting business whose operations will be consolidated going forward.
For continuing operations in Q3 2026, TrustBIX recorded a net loss of $172,321 versus $177,953 a year earlier, on revenue of $16,000 compared with a $619 revenue reversal in 2025. Operating expenses were $163,252 versus $143,787, and cash provided by operating activities was $37,479 versus $11,255. For the nine months, net loss was $510,229 (2025 – $386,160), revenue was $22,000 (2025 – $2,880), operating expenses were $473,883 (2025 – $323,324), and cash provided by operating activities was $11,407 versus cash used of $27,374 in 2025.
The ViewTrak Technologies segment was classified as a discontinued operation. According to TrustBIX, ViewTrak generated net income of $34,559 in Q3 2026 (2025 – net loss of $78,031) and $162,332 for the nine months (2025 – net loss of $107,468). The full financial statements and MD&A are available on SEDAR+.
Positive
- Zen Cyber acquisition completed August 4, 2026, adding revenue-generating cybersecurity consulting
- Q3 2026 revenue from continuing operations $16,000 versus a $619 revenue reversal in 2025
- Q3 2026 cash from operating activities $37,479 versus $11,255 in 2025
- Nine‑month 2026 cash from operating activities $11,407 versus cash used of $27,374 in 2025
- ViewTrak discontinued operation earned Q3 2026 net income of $34,559 versus a $78,031 loss in 2025
- ViewTrak nine‑month 2026 net income $162,332 versus a $107,468 loss in 2025
Negative
- Q3 2026 net loss from continuing operations $172,321
- Nine‑month 2026 net loss from continuing operations $510,229 versus $386,160 in 2025
- Q3 2026 operating expenses $163,252 versus $143,787 in 2025
- Nine‑month 2026 operating expenses $473,883 versus $323,324 in 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
Edmonton, Alberta--(Newsfile Corp. - August 28, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2026, and the related Management's Discussion and Analysis ("MD&A").
President and CEO Hubert Lau commented: "During Q3, we focused on evaluating strategic acquisitions that are complementary to our existing operations. The completion of the Zen Cyber acquisition on August 4, 2026 marks an important milestone in this strategy. Zen Cyber is a revenue-generating cybersecurity consulting business and, following the closing, its operations will be reflected in the Company's consolidated results. The acquisition adds an established operation with an existing client base, revenue and experienced team to the TrustBIX group as we pursue our acquisition strategy."
For the three and nine months ended June 30, 2026, compared to the same periods in 2025, the Company reported results from continuing operations of:
- Net loss and comprehensive loss of
$172,321 and$510,229 , respectively, as compared to$177,953 and$386,160 in the same periods in 2025; - Revenue of
$16,000 and$22,000 , respectively, as compared to a reversal of revenue of$619 and revenue of$2,880 in the same periods in 2025; - Operating expenses of
$163,252 and$473,883 , respectively, as compared to$143,787 and$323,324 in the same periods in 2025; and - Cash provided by operating activities of
$37,479 and$11,407 , respectively, as compared to cash provided by operating activities of$11,255 and cash used in operating activities of$27,374 in the same periods in 2025.
During the three and nine months ended June 30, 2026, the Company classified its ViewTrak Technologies Inc. ("ViewTrak") segment as a discontinued operation, and the comparative figures have been re-presented to show the discontinued operation separately from continuing operations. Net income and comprehensive income from the discontinued operation was
The Company's financial results for the third quarter ended June 30, 2026, 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.
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/311979