TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial Results

Executive Summary

• TrustBIX Inc. reported financial results for the third quarter and nine months ended June 30, 2025, highlighting a significant increase in net losses and a decline in revenue compared to the same periods in 2024.
• While revenue decreased, the company reported improvements in cash flow from operating activities and a reduction in operating expenses for the nine-month period.
• Management noted progress in managing costs and advancing the Alberta Food Security business, with initial deliveries for 2024 indoor farming technology orders beginning in June 2025.

Key Details

• Three Months Ended June 30, 2025:
  • Net loss and comprehensive loss: $255,984 (an increase of $246,211 from $9,773 in 2024).
  • Cash provided by operating activities: $31,780 (an improvement of $13,142 or 70.5% from $18,638 in 2024).
  • Revenue: $324,545 (a decrease of $223,224 or 40.8% from $547,769 in 2024).
  • Operating expenses: $547,111 (an increase of $20,679 or 3.9% from $526,432 in 2024).
• Nine Months Ended June 30, 2025:
  • Net loss and comprehensive loss: $493,628 (an increase of $21,920 from $471,708 in 2024).
  • Cash used in operating activities: $24,236 (an improvement of $50,551 or 67.6% from $74,787 in 2024).
  • Revenue: $1,021,778 (a decrease of $163,951 or 13.8% from $1,185,729 in 2024).
  • Operating expenses: $1,431,056 (a decrease of $134,611 or 8.6% from $1,565,667 in 2024).
• Operational Updates:
  • Revenue from the ViewTrak team was lower than elevated levels seen in the prior year.
  • The Alberta Food Security team continued to secure new orders and collect deposits for indoor farming technology.
  • Manufacturing delays are being addressed; initial deliveries for 2024 orders began in June 2025.
  • The first installation is expected to be completed by September 2025.

Notable Quotes

• "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."