Karbon-X Corp. (KARX) Karbon-X Corp., headquartered in Calgary, Canada, and founded in 2017, functions as a carbon marketing enterprise. The company's core mission revolves around leveraging technology-driven strategies to mitigate greenhouse gas emissions. It actively contributes to this goal by facilitating the trade of carbon credits. Beyond this, Karbon-X allocates capital to various initiatives designed to reduce atmospheric CO2, including direct air capture systems, sustainable hydroelectric power generation, and large-scale reforestation programs. Its services are extended to a diverse clientele across sectors such as mining, forestry, civil engineering projects, transportation, and the oil and gas industries. The entity, originally incorporated as Cocoluv, Inc., rebranded itself as Karbon-X Corp. in April 2022.
Sector: Perfumes, Cosmetics & Other Toilet Preparations
Industry: Consulting Services
Karbon-X Corp. OTC:KARX Industrials · Consulting Services
All Press Release SEC Filings News
Press Release ⚠ 3
Karbon-X (OTCQB:KARX) Accelerates High-Margin Transformation in Q1 FY2027: Gross Margin Expands to 32%, Operating Cash Burn Drops 55%, and Deferred Revenue Reaches $4.3 Million
Karbon-X reported Q1 FY2027 revenue of $343,967, a steep drop from $35.7 million a year earlier, reflecting a deliberate exit from low-margin industrial trading toward advisory and project development.
Gross margin expanded to 32% from 0.8%, net operating cash use fell 55% to $1.2 million, and deferred revenue rose 13% sequentially to $4.3 million.
However, the net loss widened to approximately $4.1 million, or $(0.04) per share, from $2.6 million in the prior-year quarter as the company invests in its project pipeline.
• 4d ago AI analysis › SEC Filing ● Major ⚠ 12
KARX: 10-Q · periodic report
Karbon-X's fiscal Q1 10-Q carries an explicit going-concern warning: the company held just $335,445 in cash against negative working capital of $7.3 million and an accumulated deficit of $29.5 million, and management states substantial doubt exists about its ability to continue without new financing.
Revenue collapsed to $343,967 from $35.7 million a year ago, though most of the decline reflects the non-recurrence of low-margin industrial carbon credit trading through its Cyprus subsidiary. Net loss widened to $4.0 million, driven by $1.06 million of interest expense, a $489,274 credit-loss provision on a past-due CAD $2.3 million loan, and a $422,410 unrealized loss on DevvStream shares that were delisted from Nasdaq.
The filing also discloses an unremediated material weakness in internal controls (disclosure controls deemed not effective), heavy reliance on toxic-style convertible notes with 60-85% discount-to-market conversion features, and post-quarter-end plans to issue $5 million of convertible notes for consulting services plus 8 million restricted shares for marketing — significant dilution risk on top of 33.5 million potential dilutive shares already outstanding.
SEC 10-Q • 6d ago AI analysis › Press Release ⚠ 1
Karbon-X (OTCQB:KARX) Secures €1.88 Million (US$2.18 Million) in Net Trading Margin Through New European Low-Carbon Fuel Contracts
Karbon-X secured European low-carbon fuel contracts representing approximately €1.88 million (US$2.18 million) in net trading margin during the first quarter of fiscal 2027.
The company also locked in contracted activity extending beyond fiscal 2027, supporting its European expansion in trading, origination and structuring of low-carbon fuels.
CEO Chad Clovis called Europe an important growth market, with demand underpinned by the EU Renewable Energy Directive and sector-specific decarbonization regulation.
• 11d ago AI analysis › SEC Filing ⚠ 2
KARX: NT 10-Q · late filing
Karbon-X Corp. filed a Form 12b-25 (NT 10-Q) notifying the SEC that it cannot file its Form 10-Q for the quarter ended August 31, 2026 on time.
The company attributed the delay to difficulties completing its financial statements for the quarter. It anticipates filing within the five-calendar-day grace period allowed under Rule 12b-25.
Karbon-X said it does not expect any significant change in results of operations versus the prior-year period, and confirmed all other periodic reports were filed on time over the past 12 months. Late filings often precede accounting or internal-control issues at small-cap companies and warrant monitoring.
SEC NT 10-Q • 11d ago Press Release ⚠ 3
Karbon‑X (OTCQB:KARX) Reports Record Fiscal 2026 Revenue of $55.9 Million as Company Scales Global Carbon Market Operations
Karbon-X reported record fiscal 2026 revenue of $55.9 million, up roughly 1,670% from $3.16 million a year earlier, driven by its first full year of large-scale carbon credit trading.
However, gross profit was nearly flat at $0.86 million versus $0.80 million, reflecting a mix shift toward high-volume, lower-margin trading; total assets rose 42% to $9.6 million.
The company converted $7.0 million of convertible notes and interest into 10.6 million shares (including a $3.5 million Hedera Foundation note), with roughly $0.79 million more converted post-year-end, against 94,885,028 shares outstanding.
Management is targeting higher-margin revenue through project verification and future credit issuances in fiscal 2027, but the 10-K includes going-concern disclosures.
• 25d ago AI analysis › Press Release
Karbon-X (OTCQB:KARX) to Present Global Growth Strategy and Showcase SkyXero at 26th MK-Equity Investment Conference in Munich
Karbon-X will present its equity story and global growth strategy at the 26th MK-Equity Investment Conference in Munich on September 30, 2026.
CEO Chad Clovis will deliver the presentation, and the company will also demo SkyXero, its flight emissions application, extending its environmental markets business into digital products.
MK-Equity, the family office of Michael Kott, is a significant Karbon-X investor and hosts the invitation-only event; no financial results or new material terms were disclosed.
• 1mo ago AI analysis › SEC Filing ● Major ⚠ 10
KARX: 10-K · periodic report
Karbon-X Corp.'s fiscal 2026 10-K shows revenue of $55.9 million, up from $3.2 million a year earlier, driven almost entirely by industrial carbon credit trading through its newly formed Cyprus subsidiary. The growth came at a steep cost to quality: gross margin collapsed to 1.5% from 25.3%, and the net loss widened to $13.6 million from $7.1 million.
The filing carries substantial doubt about the company's ability to continue as a going concern. Karbon-X ended the year with negative working capital of $4.0 million, a stockholders' deficit of $6.0 million, and an accumulated deficit of $25.6 million, and management states that continued operations depend on raising additional capital.
Risk disclosures compound the concerns. Management identified a material weakness in internal control over financial reporting, one customer accounted for 86% of revenue, and the largest customer has not paid EUR 3,797,500 (about $4.4 million) invoiced for credits not yet delivered. Roughly 23.9 million shares were issuable on floating-price convertible notes at year end, pointing to heavy dilution ahead.
The stock trades on the OTCQB under the symbol KARX at $0.1855 as of September 10, 2026, and the company is working to regain OTCQX listing; shares are subject to penny stock rules.
SEC 10-K • 1mo ago AI analysis › SEC Filing ⚠ 3
KARX: NT 10-K · late filing
Karbon-X Corp. filed a Form 12b-25 (NT 10-K) with the SEC on August 28, 2026, notifying regulators that it cannot file its annual report for the fiscal year ended May 31, 2026 by the prescribed deadline.
The company attributed the delay to difficulties completing its financial statements for the fiscal year and checked the box indicating it expects to file the Form 10-K on or before the 15th calendar day following the due date.
Karbon-X also confirmed all other required periodic reports over the preceding 12 months were filed and said it does not anticipate a significant change in results of operations versus the prior fiscal year. Late annual filings at micro-caps are a classic early distress signal, so the eventual 10-K should be scrutinized for going-concern or audit-quality disclosures.
SEC NT 10-K • 1mo ago Press Release
Karbon-X and Core Energy Sign Letter of Intent to Explore Commercial EV Charging Infrastructure in South America
Karbon-X signed a non-binding Letter of Intent with Core Energy to explore the development of commercial electric vehicle fast-charging infrastructure in South America.
The collaboration intends to leverage Core Energy's local project development capabilities alongside Karbon-X's carbon market expertise to assess the project's viability and potential for generating carbon credits.
This agreement represents an initial exploratory step and does not commit either party to proceed, with any future development contingent on a separate definitive agreement.
• 2mo ago AI analysis › Press Release ⚠ 3
Karbon-X Secures Technical Advisory Engagement for Nature-Based Carbon Project in Libya
Karbon-X has been engaged by Stream Pro Ltd, a subsidiary of Oilinvest, to provide technical advisory services for a nature-based carbon project in Libya. The initial scope of work includes carbon design, methodology assessment, and the development of a Project Design Documentation for the Tripoli Wildlife Park initiative.
The project aims to restore degraded landscapes through afforestation and ecosystem restoration to enhance biodiversity and carbon sequestration. Karbon-X noted that the current engagement is limited to the initial design phase, with validation and implementation subject to separate future agreements.
CEO Chad Clovis stated that the deal reflects growing demand for the company's technical expertise in developing high-integrity projects aligned with international standards.
• 3mo ago AI analysis › Press Release
Karbon-X Expands European Compliance Market Capabilities With Spanish EU ETS Registry Account
Karbon-X established its European Union Emissions Trading System (EU ETS) Registry Account in Spain following regulatory approval from the Office for Climate Change.
Final technical activation by the Spanish Registry (RENADE) is expected shortly, after which the account will become fully operational.
The account enables Karbon-X to directly hold, receive, transfer, and manage European Union Allowances (EUAs), strengthening its infrastructure for compliance carbon market operations in Europe.
• 3mo ago AI analysis › Press Release ⚠ 2
Karbon-X Announces Strategic Partnership to Evaluate Kenya BioHub Initiative
Karbon-X announced a strategic partnership with REGID International to evaluate the Kenya BioHub Initiative, a program designed to restore degraded land and produce renewable biomass in Kenya.
The agreement tasks Karbon-X with conducting a feasibility assessment to determine the technical, commercial, and regulatory viability of generating high-quality carbon credits.
Advancement of the initiative into the development phase is contingent upon a successful assessment and the execution of future definitive agreements.
• 3mo ago AI analysis › SEC Filing
KARX: 8-K · other
Karbon-X Corp. announced that its Senegal Blue Carbon Mangrove Project has achieved registration under Verra's Verified Carbon Standard and Climate, Community & Biodiversity Standards. This makes it the second project globally registered under Verra's VM0033 methodology for tidal wetland and seagrass restoration.
The project covers approximately 7,500 hectares in the Sine Saloum Delta and Casamance Estuary regions of Senegal. It has an estimated emissions reduction potential of 2.2 million tonnes of CO₂e over a 40-year crediting period extending through 2062.
CEO Chad Clovis stated that the milestone highlights the strength of the company's project development platform and its ability to execute complex environmental asset origination. The registration establishes the foundation for future monitoring, verification, and long-term project implementation.
SEC 8-K • 4mo ago Press Release
Karbon-X Advances Large-Scale Senegal Blue Carbon Project as Second Globally Registered Under Verra's VM0033 Methodology
Karbon-X announced that its Senegal Blue Carbon Mangrove Project has achieved registration under Verra's VM0033 methodology, becoming only the second project globally to do so.
The 7,500-hectare project is located in the Sine Saloum Delta and Casamance Estuary regions, with an estimated emissions reduction potential of 2.2 million tonnes of CO₂e over a 40-year crediting period.
CEO Chad Clovis stated the milestone demonstrates the company's ability to originate and develop high-quality environmental assets for the voluntary carbon market.
• 4mo ago AI analysis › SEC Filing ⚠ 3
KARX: 8-K · leadership change
Karbon-X Corp. filed an 8-K reporting the entry into a material definitive consulting agreement with Chad Clovis, effective May 18, 2026, appointing him as Chief Executive Officer.
The agreement provides Clovis with a base salary of $450,000 per year, a target milestone bonus of $150,000, and the grant of 1,500,000 stock options under the company’s 2024 equity plan.
The bonus is payable upon the earlier of a successful NASDAQ listing or a change of control event, and the agreement includes significant severance protections, including full vesting of options upon termination without cause.
SEC 8-K • 4mo ago AI analysis › Press Release
Karbon-X to Present at the Small Cap Growth Virtual Investor Conference June 4th
Karbon-X Corp. announced that CEO Chad Clovis will present at the Small Cap Growth Virtual Investor Conference on June 4, 2026.
The release includes a recap of recent highlights, noting $60.8 million in revenue for the nine months ended February 28, 2026, and continued expansion in global carbon markets.
The company also cited strategic partnerships with sports organizations including the Edmonton Oilers and Detroit Red Wings, but disclosed no new material business developments.
• 4mo ago AI analysis › Press Release
Karbon-X Expands Global Energy Attribute Certificate Market Capabilities Amid Growing Renewable Procurement Demand
Karbon-X highlighted its expanding role in international Energy Attribute Certificate (EAC) markets, supporting sourcing and transaction execution for renewable energy instruments.
The company operates across major registries in North America, Europe, Latin America, and Asia-Pacific, connecting supply with demand for RECs, I-RECs, and Guarantees of Origin.
Management noted that growing corporate demand for verified renewable electricity is driving activity in these fragmented global markets.
• 5mo ago AI analysis › Press Release
Karbon-X Explores Clean Cooking and Fish Smoking Climate Initiative Concept in Senegal
accessnewswire.com • 5mo ago Press Release
Karbon-X Reports Increased Engagement as Canadian Facilities Reassess Compliance Exposure Ahead of Carbon Deadlines
Karbon-X reported a 170% year-over-year increase in traded volumes across Alberta’s TIER and British Columbia’s OBPS markets as regulated entities enter the execution phase of the 2026 compliance cycle.
The surge reflects accelerated procurement activity as facilities reassess their compliance positions and secure credits ahead of reporting and surrender deadlines.
VP of Trading William Bullock noted that organizations with clear visibility into their obligations are acting with control, while others are facing reactive procurement under tighter timelines.
• 5mo ago AI analysis › Press Release
Karbon-X Advances Sur del Meta REDD+ Project with Biodiversity Partnership
accessnewswire.com • 5mo ago Press Release
Karbon-X Introduces Corporate Emissions Calculator as Pressure to Quantify Carbon Exposure Accelerates
Karbon-X launched its Corporate Emissions Calculator, a digital tool designed to help companies rapidly quantify operational emissions and move toward action.
The tool allows users to input data on fleet, travel, and energy usage to generate immediate estimates and connect with verified climate projects or compliance planning.
This launch supports the company's broader strategy to provide actionable infrastructure for organizations navigating tightening regulatory and carbon market requirements.
• 5mo ago AI analysis › Press Release
Karbon-X Highlights SkyXero on Earth Day, Bringing Real-Time Climate Action to Travel
Karbon-X marked Earth Day by highlighting SkyXero, a mobile application that calculates flight emissions and facilitates support for verified climate projects.
The company announced a matching contribution program for user donations totaling up to $250,000 to drive adoption of the platform.
CEO Chad Clovis reported offsetting 13,187 kg CO₂e through the app this year, though the company stated the initiative will not materially impact financial results.
• 6mo ago AI analysis › Press Release ● Major ⚠ 2
Karbon-X Reports $60.8 Million in Nine-Month Revenue and Files Q3 Form 10-Q
Karbon-X reported $60.8 million in nine-month revenue, a massive 3,872% increase from the prior year's $1.5 million, driven by expanded global trading activities across compliance and voluntary markets.
The company significantly strengthened its balance sheet, with cash balances rising 476% to $4.1 million, supported by $5.4 million in new capital raised through convertible notes and equity transactions.
Strategically, Karbon-X acquired a carbon-offset portfolio for $605,093 and continued development of its digital trading platform, though Q3 trading volumes reflected expected variability in settlement timing.
• 6mo ago AI analysis › Press Release
Karbon-X Launches SkyXero, a New App for Flight Emissions Tracking as Travelers Seek Trusted Climate Solutions
accessnewswire.com • 6mo ago Recent SEC filings with analysis 
