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DigitalX Limited
(Sydney:DCC)
DigitalX Limited (DCC) vs. S&P 500 (SPY)
DigitalX Limited Business Overview & Revenue Model
DigitalX Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.97M | 3.26M | 2.28M | 2.53M | 10.12M | -3.12M | Gross Profit |
| 243.68K | -365.74K | 1.50M | 1.50M | 9.25M | -3.77M | EBIT |
| -2.80M | -3.30M | -7.68M | -3.01M | 6.38M | -7.28M | EBITDA |
| -4.07M | -4.59M | -7.43M | -2.35M | 7.19M | -7.02M | Net Income Common Stockholders |
| -4.68M | -4.79M | -7.58M | -2.84M | 6.76M | -7.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.56M | 6.63M | 3.88M | 6.28M | 10.37M | 3.98M | Total Assets |
| 40.40M | 58.61M | 34.52M | 35.07M | 54.58M | 13.39M | Total Debt |
| 338.47K | 309.05K | 366.08K | 176.42K | 302.59K | 489.33K | Net Debt |
| -1.72M | -5.75M | -3.01M | -6.10M | -10.07M | -3.49M | Total Liabilities |
| 12.93M | 21.59M | 10.59M | 7.99M | 12.04M | 1.67M | Stockholders Equity |
| 27.46M | 37.03M | 23.94M | 27.08M | 42.53M | 11.72M |
| Cash Flow | Free Cash Flow | ||||
| -4.68M | -4.99M | -4.33M | -2.98M | -2.12M | -3.29M | Operating Cash Flow |
| -4.68M | -4.99M | -4.29M | -2.79M | -1.82M | -3.27M | Investing Cash Flow |
| 3.48M | 3.64M | 2.11M | -4.11M | -6.42M | -142.24K | Financing Cash Flow |
| 11.53M | 4.02M | -719.09K | 2.83M | 14.50M | ― |
DigitalX Limited Technical Analysis
DigitalX Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $83.05M | ― | -11.11% | ― | 59.15% | -2.08% | |
60 Neutral | $11.62B | 10.48 | -7.27% | 2.93% | 7.46% | -10.64% | |
42 Neutral | $47.50M | ― | ― | 83.89% | ― | ||
40 Underperform | $470.95M | ― | -133.28% | ― | 72.47% | 20.08% | |
40 Underperform | AU$99.69M | ― | -131.93% | ― | 15.31% | 61.52% |
DigitalX Limited Corporate Events
DigitalX Limited has announced a strategic partnership with SOL Strategies Inc., a Canadian Solana infrastructure provider, to enhance its Solana staking activities. This collaboration is expected to improve DigitalX’s staking yield and support sustained revenue growth, as it aligns with the company’s strategy of expanding its Solana exposure and optimizing returns from digital asset operations.
DigitalX Limited has announced its continued accumulation of Solana tokens as part of its digital asset treasury strategy. By acquiring 18,944 SOL, the company aims to generate additional revenue through staking, reflecting a strategic shift towards active blockchain participation and yield optimization. This move is expected to enhance DigitalX’s recurring revenues and support its goal of achieving profitability while participating in high-growth blockchain ecosystems.
DigitalX Limited has strategically increased its focus on blockchain infrastructure, particularly crypto asset staking, to generate stable, recurring revenue. This shift has resulted in staking activities becoming a significant contributor to the company’s revenue, with $318k earned in the March quarter. Concurrently, DigitalX has achieved a 23% reduction in operating costs through process optimization and targeted savings, enhancing its scalability and resilience. The company also continues to prioritize Bitcoin accumulation, adding 41.99 Bitcoin from the Mt Gox hacking event to its balance sheet.
DigitalX Limited reported a strategic expansion of its treasury with the addition of Solana, leading to a significant increase in staking revenues for the quarter ending March 2025. The company also reduced its operating expenditure by 23.6%, reflecting a streamlined approach to operations amidst volatile crypto markets. The DigitalX Bitcoin ETF showed strong performance, and the company successfully settled a Federal Court dispute, receiving Bitcoin and Bitcoin Cash. These developments position DigitalX to generate sustainable value from its digital asset strategies.
DigitalX Limited has announced that Gregory Albert Dooley has ceased to be a director of the company as of April 14, 2025. This change in the board could potentially impact the company’s strategic direction and governance, as Dooley held significant interests in the company, including 10,000,000 unlisted options and 2,995,302 fully paid ordinary shares.
DigitalX Limited announced the resignation of Non-Executive Director Greg Dooley, who has been acknowledged for his significant contributions, including his role as interim CEO in 2024. This change in the board may impact the company’s strategic direction and operations, reflecting potential shifts in leadership dynamics.
DigitalX Limited has reported its treasury holdings and fund information as of March 2025, with a total value of $63.8 million. The company maintains a significant portion of its treasury in Bitcoin, reflecting its strategy to focus on long-term value retention. The recent Executive Order by President Trump on the Strategic Bitcoin Reserve has reinforced Bitcoin’s status as a legitimate asset, potentially influencing broader institutional and governmental adoption. The DigitalX Bitcoin ETF saw a slight decline of 0.72% in March, yet digital assets outperformed the All Ordinaries Index.
DigitalX Limited has issued 972,807 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001, as part of its compliance with regulatory provisions. This move reflects the company’s ongoing efforts to maintain transparency and adhere to statutory requirements, potentially impacting its market positioning and stakeholder relations.
DigitalX Limited has announced the issuance of 972,807 ordinary fully paid shares as part of the redemption process for units from the DigitalX Fund, which was closed earlier this year. This move reflects the company’s strategic approach to managing its asset portfolio and could influence its market positioning by enhancing liquidity and shareholder value.
DigitalX Limited has received a distribution of 41.98 Bitcoin and 52.48 Bitcoin Cash from the Mt Gox Exchange administrators, valued at approximately AUD$5.72 million. This recovery marks a significant event for the company, adding to its Bitcoin reserves and supporting its strategy to generate revenue from its asset portfolio. The company is also entitled to receive 18,152,805 Japanese Yen, which will be converted into Australian Dollars for working capital.
DigitalX Limited has released an investor presentation for 2025, highlighting a dual investment opportunity. The presentation emphasizes the company’s focus on digital asset management and its role as an authorized representative for financial services. The announcement underscores the importance of understanding investment risks and the need for potential investors to consult financial advisers. This release may impact the company’s operations by reinforcing its position in the digital asset management industry and informing stakeholders about investment opportunities.
DigitalX Limited announced the issuance of 2,500,000 unquoted equity securities in the form of options expiring on March 7, 2027, with an exercise price of $0.10. This issuance, part of an employee incentive scheme, reflects the company’s strategy to incentivize its workforce and align their interests with organizational goals, potentially impacting its operational dynamics and stakeholder engagement.
DigitalX Limited announced the cessation of certain securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational and strategic decisions.
DigitalX Limited has reported a 36.3% increase in revenues and a 3% reduction in operational expenses for the half-year ending December 31, 2024, resulting in a reduced operating loss of $2.4 million compared to the previous year. The company continues to focus on narrowing its deficit and achieving a cashflow positive position, with ongoing revenue increases attributed to its staking activities.
DigitalX Limited reported a 36.3% increase in revenues from ordinary activities for the half-year ended 31 December 2024, reaching $1,741,521. Despite the revenue growth, the company experienced a loss of $2,441,691, which is a 4.4% improvement compared to the previous period. The net tangible assets per ordinary security also increased from 4.03 cents to 5.37 cents, indicating a stronger asset position. No dividends were declared during the period, and the financial statements were reviewed by auditors without any noted disputes or qualifications.
DigitalX Limited has announced the winding up of its DigitalX Fund and Real World Asset Tokenisation Fund due to low revenue generation. The DigitalX Fund, which has provided a 377.4% return since its launch in 2018, will be closed to reduce cash burn and refocus on higher revenue-generating units, while the Real World Asset Tokenisation Fund, which failed to attract investors, will also be wound down. This strategic shift allows DigitalX to reallocate resources into more profitable areas, though it will not impact their growing spot Bitcoin ETF. The changes reflect an adaptation to market conditions and a focus on more lucrative digital asset opportunities.
DigitalX Limited has announced a change in the interests of its substantial holder, Mr. Antanas Guoga, who has increased his voting power from 13.70% to 15.25% through on-market transactions involving fully paid ordinary shares. This shift signifies Mr. Guoga’s increased influence within the company, potentially impacting its strategic decisions and shareholder dynamics.