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Earnings Routine −

TrustBIX Inc. Announces March 31, 2026 Second Quarter Financial Results

TrustBIX burns through cash while pivot to indoor farming and cybersecurity yields no revenue relief, shares flatline at a penny.

By The Northwire Desk — AI Analysis May 26, 2026 · 19:01 TBIX · 0.01 Trustbix Inc.
Executive Summary
  • TrustBIX released its Q2 2026 financials (three and six months ended March 31, 2026).
  • Net loss from continuing operations was $233,694 ($337,908 comprehensive loss) versus a loss of $44,728 a year earlier; revenue was only $6,000 (up from $737).
  • Operating expenses tripled to $209,220, mainly reflecting the costs of the new acquisitions and platform build‑out.
  • Discontinued operations (ViewTrak) recorded a $38,782 net loss; for the six‑month period it produced $127,773 net income.
  • Cash used in operations was a mere $5,499, suggesting the company is conserving cash but generating almost no business activity.
  • The results came just weeks after the company signed definitive agreements to acquire Zen Cyber and WILDCARD MSP (April 17, 2026) and earlier LOIs for Output Provider Solutions (OPS) and the indoor farm management system (IFMS).
Material Impact
  • The Q2 numbers confirm that the strategic pivot away from Auction Master Pro (AMP) has not yet delivered any meaningful revenue; the $6,000 in quarterly revenue is effectively zero for a publicly traded company.
  • Operating expenses remain unsustainably high relative to revenue, but cash burn is low because the business is essentially on life support.
  • The acquisitions (IFMS, OPS, Zen, WILDCARD) are still in early stages and contributed nothing to the quarter; with the share price at $0.01, the all‑script deal structures are massively dilutive.
  • No new information in the Q2 report changes the fundamental narrative: the company is burning through cash, its stock is in the penny‑stock range, and there is no clear path to near‑term profitability.
  • Because the results are exactly what the market would expect from a pre‑revenue pivot, the release is routine – but the deepening loss makes it negative rather than neutral.
TBIX · Price
Company Overview
  • TrustBIX originally operated a livestock auction and traceability platform (ViewTrak, Auction Master Pro). It now focuses on two pillars: an indoor farm management system (IFMS) and a cybersecurity/IT services roll‑up.
  • Flagship project: Gate‑to‑Plate (G2P) – a modern livestock auction market software integrated with the IFMS, aiming to launch as a SaaS model.
  • The company is acquiring small IT firms (Zen Cyber, WILDCARD MSP, OPS) to build a technology services arm for the agri‑food sector.
  • TrustBIX operates through Alberta Food Security Inc., targeting data‑driven agricultural operations.
Read the original news release →

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