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Abaxx Technologies Inc. — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Total Revenue 968,848 215,510 0.00 0.00
Revenue Growth % 349.6% -- -- --
Operating Revenue 968,848 215,510 0.00 0.00
Selling General And Administration 38.4M 20.0M 11.6M 9.3M
General And Administrative Expense 35.6M 18.8M 10.3M 8.5M
Research And Development 11.3M 11.3M 8.3M 4.8M
Other Operating Expenses 271,569 18,171 -- --
Operating Expense 49.9M 31.3M 19.9M 14.2M
+Operating Income -48.9M -31.1M -19.9M -14.2M
Operating Margin % -5050.4% -14428.0% -- --
EBIT -48.9M -31.1M -19.9M -14.2M
Interest Expense -- -- -- 0.00
Interest Expense Non Operating -- -- -- 0.00
Interest Income -- -- -- 425,411
Interest Income Non Operating -- -- -- 425,411
Net Interest Income -- -- -- 425,411
Other Income Expense -7.6M 19.6M 1.6M 1.3M
Other Non Operating Income Expenses -102,272 -228,251 273,725 177,889
Special Income Charges -- -- -- 0.00
Write Off -- -- -- 0.00
Gain On Sale Of Security -695,425 -392,584 3.5M 1.5M
Earnings From Equity Interest -6.8M 20.2M -2.2M -381,941
Pretax Income -56.5M -11.5M -18.3M -12.9M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -54.1M -9.6M -17.0M -11.9M
Net Income From Continuing Operation Net Minority Interest -54.1M -9.6M -17.0M -11.9M
Net Income Including Noncontrolling Interests -56.5M -11.5M -18.3M -12.9M
Minority Interests 2.4M 1.9M 1.3M 976,264
+Net Income Common Stockholders -54.1M -9.6M -17.0M -11.9M
Net Margin % -5581.4% -4469.0% -- --
Net Income -54.1M -9.6M -17.0M -11.9M
EBITDA -48.9M -31.1M -19.9M -14.2M
Normalized EBITDA -48.2M -30.7M -23.5M -15.7M
Basic EPS -1.65 -0.38 -0.69 -0.51
Diluted EPS -1.65 -0.38 -0.69 -0.51
Basic Average Shares 32.9M 25.5M 24.5M 22.8M
Diluted Average Shares 32.9M 25.5M 24.5M 22.8M
Total Unusual Items -695,425 -392,584 3.5M 1.5M
Total Unusual Items Excluding Goodwill -695,425 -392,584 3.5M 1.5M
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -53.4M -9.2M -20.6M -13.4M
Diluted NI Availto Com Stockholders -54.1M -9.6M -17.0M -11.9M
Net Income Continuous Operations -56.5M -11.5M -18.3M -12.9M
Net Non Operating Interest Income Expense -- -- -- 425,411
Other Gand A 7.6M 5.7M 3.5M 3.8M
Salaries And Wages 28.0M 13.0M 6.7M 4.7M
Selling And Marketing Expense 2.8M 1.2M 1.3M 795,164
Total Expenses 49.9M 31.3M 19.9M 14.2M
Total Operating Income As Reported -48.9M -31.1M -19.9M -14.2M
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Cash Equivalents 25.4M 25.2M 4.6M 19.4M
Cash Cash Equivalents And Short Term Investments 25.5M 25.2M 9.6M 21.8M
Other Short Term Investments 60,362 56,291 5.0M 2.4M
Receivables 502,470 1.2M 1.7M 1.7M
Prepaid Assets -- -- 533,908 226,946
Other Current Assets 918,262 681,165 533,908 226,946
Current Assets 30.5M 27.1M 11.9M 23.8M
Goodwill 378,553 0.00 -- --
Goodwill And Other Intangible Assets 378,553 0.00 -- --
Investments And Advances 20.7M 21.6M 2.1M 5.5M
Long Term Equity Investment 14.6M 19.9M 0.00 2.8M
Other Investments 6.1M 1.7M 2.1M 2.7M
Total Non Current Assets 21.0M 21.6M 2.1M 5.5M
Total Assets 51.6M 48.7M 14.0M 29.3M
Accounts Payable 3.3M 2.5M 3.2M --
Payables 5.1M 3.0M 3.2M --
Payables And Accrued Expenses 5.9M 5.8M 3.2M 1.4M
Current Accrued Expenses 756,121 2.8M 0.00 --
Other Current Liabilities 3.6M -- -- --
Current Liabilities 9.5M 5.8M 3.2M 1.4M
Total Non Current Liabilities Net Minority Interest 0.00 0.00 0.00 0.00
Total Liabilities Net Minority Interest 9.5M 5.8M 3.2M 1.4M
Common Stock 131.8M 101.2M 60.2M 57.1M
Capital Stock 137.9M 101.2M 60.2M 57.1M
Additional Paid In Capital 28.9M 13.5M 5.9M 4.6M
Retained Earnings -120.7M -66.6M -57.0M -35.6M
Gains Losses Not Affecting Retained Earnings 4.1M 651,297 1.8M 672,626
Other Equity Adjustments 4.1M 651,297 1.8M 672,626
Common Stock Equity 44.2M 48.7M 14.8M 30.6M
Stockholders Equity 50.3M 48.7M 14.8M 30.6M
Total Equity Gross Minority Interest 42.0M 42.9M 10.8M 27.9M
Minority Interest -8.2M -5.8M -4.0M -2.7M
Total Capitalization 50.3M 48.7M 14.8M 30.6M
Net Tangible Assets 49.9M 48.7M 14.8M 30.6M
Tangible Book Value 43.8M 48.7M 14.8M 30.6M
Working Capital 21.0M 21.2M 8.7M 22.5M
Invested Capital 44.2M 48.7M 14.8M 30.6M
Share Issued 33.9M 24.5M 24.4M 23.7M
Ordinary Shares Number 33.9M 24.5M 24.4M 23.7M
Dueto Related Parties Current 1.8M 581,247 0.00 --
Investmentsin Associatesat Cost 14.6M 19.9M 0.00 2.8M
Notes Receivable 185,838 760,349 1.3M 1.3M
Other Equity Interest -- -- 3.9M 3.9M
Other Receivables 316,632 391,708 438,592 468,567
Preferred Stock 6.1M 0.00 -- 0.00
Preferred Stock Equity 6.1M -- -- --
Restricted Cash 3.6M 0.00 0.00 70,000
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Operating Cash Flow -30.3M -22.5M -15.3M -12.3M
Cash Flow From Continuing Operating Activities -30.3M -22.5M -15.3M -12.3M
Stock Based Compensation 19.1M 5.8M 3.3M 2.6M
Change In Working Capital -91,175 2.5M 1.5M -1.3M
Change In Receivables 75,076 46,884 -88,775 240,733
Change In Payables And Accrued Expense 70,846 2.6M 1.9M -1.4M
Change In Other Working Capital -- -- -- 1.3M
Other Non Cash Items 518,735 545,488 27,057 149,498
Purchase Of Business -- -- 0.00 -3.1M
Sale Of Business -- -- -- 0.00
Purchase Of Investment -- 0.00 -6.5M -660,864
Sale Of Investment 0.00 5.2M 4.6M 1.4M
Net Investment Purchase And Sale 0.00 5.2M -1.8M 757,906
Investing Cash Flow 0.00 5.2M -1.8M -3.0M
Cash Flow From Continuing Investing Activities 0.00 5.2M -1.8M -3.0M
Issuance Of Debt 0.00 1.0M 0.00 0.00
Net Issuance Payments Of Debt 0.00 1.0M 0.00 0.00
Issuance Of Capital Stock 25.7M 36.4M 0.00 23.3M
Net Common Stock Issuance 19.6M 36.4M 0.00 23.3M
Financing Cash Flow 27.1M 38.9M 1.3M 25.1M
Cash Flow From Continuing Financing Activities 27.1M 38.9M 1.3M 25.1M
Effect Of Exchange Rate Changes 3.4M -1.1M 1.1M 698,002
Changes In Cash -3.2M 21.7M -15.9M 9.8M
Beginning Cash Position 25.2M 4.6M 19.4M 8.9M
End Cash Position 25.4M 25.2M 4.6M 19.4M
Free Cash Flow -30.3M -22.5M -15.3M -12.3M
Asset Impairment Charge -- -- -- 0.00
Change In Prepaid Assets -237,097 -147,257 -306,962 -172,779
Common Stock Issuance 19.6M 36.4M 0.00 23.3M
Earnings Losses From Equity Investments 6.8M -20.2M 2.2M 381,941
Gain Loss On Investment Securities -- -- -- -106,327
Long Term Debt Issuance 0.00 1.0M 0.00 0.00
Net Business Purchase And Sale -- -- 0.00 -3.1M
Net Foreign Currency Exchange Gain Loss -1.5M 217,228 -476,898 -451,817
Net Income From Continuing Operations -56.5M -11.5M -18.3M -12.9M
Net Long Term Debt Issuance 0.00 1.0M 0.00 0.00
Net Other Financing Charges -- -- 188,750 1.3M
Net Other Investing Changes -- -- -- -622,400
Net Preferred Stock Issuance 6.1M 0.00 -- --
Operating Gains Losses 5.3M -20.0M -2.0M -176,203
Preferred Stock Issuance 6.1M 0.00 -- --
Proceeds From Stock Option Exercised 1.4M 1.5M 1.1M 439,091
Unrealized Gain Loss On Investment Securities 1.4M 207,061 150,429 -609,704
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