Abaxx Technologies Inc. (ABXXF)
Abaxx Technologies Inc. operates as a financial technology firm that engineers specialized digital solutions for professionals in commodity trading and the broader financial sector. Its purpose is to empower these users to streamline their communication, execute trades, and process transactions more efficiently. The company's comprehensive product portfolio includes advanced trading and clearing platforms, dedicated financial messaging and data services, and robust digital identity and access control systems. Beyond its software development, Abaxx is also actively involved in the establishment of a regulated commodity futures exchange. The company's headquarters are located in Toronto, Canada.
Sector: Services-Prepackaged Software
Industry: Software - Application
Abaxx Technologies Inc.
OTC:ABXXFTechnology · Software - Application
+2.43%$10.94
Mkt Cap$424.35M
Float32.01M
O/S38.79M
Inst Own-
SI6.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$745K
Net Income-$31.3M
Total Assets$89.2M
Free Cash Flow-$30.4M
Debt & Equity
Debt 20%
Equity 75%
Preferred 5%
Total Debt$17.54M
Total Equity$66.41M
Preferred Stock$4.35M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:3Reverse splitMay 23, 20233 shares → 1
- 1:12Reverse splitDec 15, 202012 shares → 1
Balance Sheet Details
Assets$89.2M
Liabilities$30.09M
Accounts Receivable$5.36M
Accounts Payable$1.89M
Inventory$0
PP&E (Net)$0
Goodwill$273K
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $745K | $691K | $154K | $0 | $0 | $0 | $0 | $0 | $0 | $246K | $0 |
| YoY Growth | 7.8% | 349.6% | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $172K | $0 | $5.19M | $2.44M | $1.5M | $747K | $946K | $201K | $4K | $0 | $53K |
| Gross Profit | $745K | $691K | -$5.04M | -$2.44M | -$1.5M | -$747K | -$946K | -$201K | -$4K | $246K | -$53K |
| Gross Margin | 100.0% | 100.0% | -3279.2% | - | - | - | - | - | - | 100.0% | - |
| Research and Development | $3.68M | $8.02M | $8.08M | $5.95M | $3.46M | $1.91M | $5.02M | $1.04M | $0 | $0 | $0 |
| Selling, General, and Administrative | $35.68M | $27.35M | $14.22M | $8.26M | $6.66M | $4.27M | $2.22M | $1.85M | $936K | $3.47M | $4.71M |
| Other | $3.37M | $193K | $13K | $195K | $127K | $7K | -$21K | $0 | $0 | $0 | $203K |
| Total Operating Expenses | $42.73M | $35.57M | $17.13M | $14.21M | $10.11M | $6.18M | $6.5M | $4.99M | $936K | $3.47M | $4.5M |
| Operating Income (EBIT) | -$41.98M | -$34.88M | -$22.16M | -$14.21M | -$10.11M | -$5.7M | -$7.45M | -$4.99M | -$940K | -$3.26M | -$4.56M |
| Operating Margin | -5636.8% | -5050.3% | -14428.1% | - | - | - | - | - | - | -1327.3% | - |
| Interest Expense | $2.7M | $0 | $0 | $0 | $0 | $1.65M | $44K | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $406 | $0 | $303K | $0 | $44K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $11.34M | -$5.4M | $13.98M | $1.17M | $915K | -$2.15M | -$188K | $1.77M | -$26.86M | -$713K | -$18.69M |
| Income Before Tax (EBT) | -$30.64M | -$40.28M | -$8.19M | -$13.03M | -$9.2M | -$7.52M | -$7.64M | -$3.22M | -$27.8M | -$3.97M | -$23.25M |
| Income Tax Expense | $2.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2 |
| Net Income | -$31.3M | -$38.55M | -$6.87M | -$12.14M | -$8.5M | -$6.69M | -$6M | $214K | -$27.8M | -$3.97M | -$23.25M |
| Net Income Margin | -4202.3% | -5581.4% | -4468.9% | - | - | - | - | - | - | -1617.4% | - |
| Supplementary Data | |||||||||||
| EPS | -1.27 | -1.65 | -0.38 | -0.69 | -0.51 | -0.72 | -0.40 | 0.06 | -7.75 | -1.11 | -6.48 |
| Diluted EPS | -1.27 | -1.65 | -0.38 | -0.69 | -0.50 | -0.72 | -0.40 | 0.06 | -7.75 | -1.11 | -6.48 |
| Weighted Average OS | 34.46M | 32.86M | 25.34M | 24.51M | 22.85M | 13.20M | 21.19M | 5.03M | 5.03M | 5.03M | 5.03M |
| EBITDA | -$27.77M | -$34.88M | -$243 | -$260 | -$63 | -$116 | $264 | $190 | -$936K | -$3.23M | -$4.5M |
| EBITDA Margin | -3728.0% | -5050.3% | -0.2% | - | - | - | - | - | - | -1314.2% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $44.35M | $18.11M | $17.94M | $3.27M | $13.8M | $6.32M | $1.22M | $4.99M | $704K | $1.58M | $2.17M |
| Short-Term Investments | $264K | $43K | $40K | $3.58M | $1.74M | $2.2M | $0 | $6.71M | $8.97M | $8.46M | $9.75M |
| Cash and Short-Term Investments | $44.61M | $18.15M | $17.98M | $6.85M | $15.54M | $8.52M | $1.22M | $11.7M | $9.68M | $10.04M | $11.92M |
| Accounts Receivable | $5.36M | $358K | $0 | $0 | $334K | $1.13M | $0 | $34K | $46K | $1.45M | $3.36M |
| Inventory | $0 | $0 | $0 | $0 | $50K | $946K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $9.73M | $3.25M | $821K | $281K | $958K | $2.08M | $0 | $8K | $0 | $32K | $19K |
| Total Current Assets | $59.69M | $21.76M | $19.28M | $8.46M | $17M | $10.64M | $1.36M | $11.74M | $9.72M | $11.53M | $15.3M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $245K | $245K | $251K | $286K |
| Goodwill | $273K | $270K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $21.43M | $14.72M | $15.43M | $1.52M | $3.89M | $1.49M | $2.59M | $6.83M | $8.49M | $7.23M | $7.23M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7.8M | $319 | $0 | -$1.52M | -$3.89M | $0 | -$2.59M | $305K | $3.45M | $30.98M | $31.28M |
| Total Long-Term Assets | $29.5M | $14.99M | $15.43M | $1.52M | $3.89M | $1.49M | $2.59M | $7.38M | $12.19M | $38.46M | $38.8M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $89.2M | $36.75M | $34.72M | $9.98M | $20.88M | $12.12M | $3.95M | $19.12M | $21.91M | $49.99M | $54.1M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $1.89M | $2.36M | $4.15M | $2.28M | $964K | $2.2M | $125K | $23K | $18K | $46K | $154K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $1.45M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $28K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $8.51M | $2.59M | $0 | $0 | $0 | $87K | $2.11M | $0 | $102K | $1.17M | $1.18M |
| Total Current Liabilities | $12.55M | $6.79M | $4.15M | $2.28M | $964K | $2.29M | $5.13M | $142K | $124K | $1.24M | $1.39M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $17.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | -$4.2M | $0 | $0 | $0 | $0 | $0 | $574K | $1.42M | $588K | $588K |
| Total Long-Term Liabilities | $17.54M | $0 | $0 | $0 | $0 | $0 | $0 | $574K | $1.42M | $588K | $588K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $30.09M | $6.79M | $4.15M | $2.28M | $964K | $2.29M | $5.13M | $716K | $1.55M | $1.82M | $1.98M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $4.35M | $4.35M | $0 | $0 | $0 | $0 | $807K | $807K | $0 | $0 | $0 |
| Common Stock | $140.32M | $93.97M | $72.12M | $42.91M | $40.7M | $26.23M | $7.51M | $126.59M | $126.59M | $126.59M | $126.59M |
| Retained Earnings | -$117.33M | -$86.03M | -$47.48M | -$40.62M | -$25.39M | -$16.89M | -$8.72M | -$123.59M | -$122.38M | -$94.59M | -$90.61M |
| Comprehensive Income & Other | $1.46M | $2.91M | $464K | $1.25M | $479K | -$18K | -$11K | -$751K | $0 | $0 | $0 |
| Other Stockholders' Equity | $43.42M | $27.89M | $10.07M | $8.23M | $6.54M | $1.72M | $1.89M | $15.24M | $15.99M | $15.99M | $15.97M |
| Total Equity | $66.41M | $35.83M | $34.71M | $10.52M | $21.84M | $11.06M | $677K | $18.24M | $20.2M | $47.99M | $51.95M |
| Minority Interest | -$7.3M | -$5.87M | -$4.14M | -$2.82M | -$1.92M | -$1.23M | -$1.86M | $170K | $170K | $170K | $170K |
| Total Liabilities and Equity | $96.5M | $42.62M | $38.86M | $12.8M | $22.8M | $13.35M | $5.81M | $18.95M | $21.74M | $49.82M | $53.93M |
| Supplementary Data | |||||||||||
| Total Debt | $17.54M | $0 | $0 | $0 | $0 | $0 | $2.1M | $0 | $0 | $0 | $0 |
| Net Debt | -$26.81M | -$18.11M | -$17.94M | -$3.27M | -$13.8M | -$6.32M | $878K | -$4.99M | -$704K | -$1.58M | -$2.17M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$32.73M | -$40.28M | -$6.87M | -$13.03M | -$9.2M | -$7.52M | -$7.64M | $214K | -$27.8M | -$3.97M | -$23.25M |
| Depreciation & Amortization | $172K | $0 | $22.15M | $14.21M | $10.11M | $5.36M | $7.24M | $3.09M | $4K | $32K | $53K |
| Deferred Income Tax | $2.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $12.2M | $13.65M | $4.1M | $2.36M | $1.84M | $1.01M | $453K | $1.34M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$244K | $54K | $33K | -$63K | $230K | -$101K | -$12K | $11K | $12K | $1.17M | $626K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$34K | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $34K | -$6K | -$1.11M | -$156K | -$430K |
| Other Working Capital | -$900K | -$119K | -$105K | $1.12M | -$230K | $441K | $2.21M | -$8K | $171K | $109K | -$1.54M |
| Total Working Capital Change | -$1.14M | -$65K | -$72K | $1.05M | -$950 | $340K | $2.2M | -$3K | -$929K | $1.12M | -$1.34M |
| Other Non-Cash Items | -$10.99M | $5.12M | -$35.34M | -$15.49M | -$10.57M | -$2.98M | -$6.9M | -$1.64M | $28.23M | -$913K | $18.99M |
| Net Cash from Operating | -$30.4M | -$21.58M | -$16.02M | -$10.91M | -$7.81M | -$3.79M | -$4.64M | $3.01M | -$1.6M | -$2.78M | -$5.46M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | -$2.24M | $5.48M | $0 | $0 | $14K | $0 | $0 |
| Purchases of Investments | -$578K | $0 | $0 | -$4.6M | -$471K | $0 | $0 | -$2.9M | -$10.25M | $0 | $0 |
| Sales of Investments | $98K | $0 | $0 | $3.29M | $1.01M | $0 | $0 | $3.93M | $9.98M | $1.28M | $2.92M |
| Other Investing Activities | $0 | $0 | $3.74M | -$1.31M | -$444K | $0 | $0 | $173K | $527K | $917K | $1.34M |
| Net Cash from Investing | -$480K | $0 | $3.74M | -$1.31M | -$2.15M | $5.48M | $0 | $1.21M | $278K | $2.2M | $4.27M |
| Financing Activities | |||||||||||
| Debt Repaid | -$22.45M | - | -$737K | - | - | -$251K | -$1.88M | - | - | - | - |
| Common Stock Issuance | $36.12M | $13.95M | $27.75M | $773K | $16.63M | $3.7M | $1.51M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $1.01M | $27.01M | $907K | $1.27M | -$539K | $1.83M | $6.26M | $444K | $0 | -$490K |
| Net Cash from Financing | $58.57M | $19.3M | $27.75M | $907K | $16.94M | $3.41M | $5.21M | $67K | $444K | $0 | -$490K |
| Forex Effect | -$1.45M | $2.45M | -$790K | $774K | $498K | $0 | -$9K | -$74K | $0 | $0 | $0 |
| Net Change in Cash | $26.24M | $171K | $14.67M | -$10.53M | $7.48M | $5.1M | $564K | $4.28M | -$878K | -$585K | -$1.68M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$30.4M | -$21.58M | -$16.02M | -$10.91M | -$7.81M | -$3.79M | -$4.64M | $3.01M | -$1.6M | -$2.78M | -$5.46M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$30.4M | -$21.58M | -$16.02M | -$10.91M | -$7.81M | -$3.79M | -$4.64M | $3.01M | -$1.6M | -$2.78M | -$5.46M |
| Cash at Beginning | $18.11M | $17.94M | $3.27M | $13.8M | $6.32M | $1.22M | $653K | $704K | $1.58M | $2.17M | $3.84M |
| Cash at End | $44.35M | $18.11M | $17.94M | $3.27M | $13.8M | $6.32M | $1.22M | $4.99M | $704K | $1.58M | $2.17M |