Abaxx Technologies Inc (TSE:ABXX)
NEO-L:ABXX
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Abaxx Technologies Inc
(NEO-L:ABXX)
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Rating:45Neutral
Price Target:
C$4.00
â–¼(-1.96% Downside)
Action:ReiteratedDate:04/08/26
The score is primarily held back by heavy operating losses and significant ongoing cash burn despite rapid revenue growth and strong gross margins. Technical indicators are not supportive due to an extreme RSI and otherwise flat/unclear trend signals, while valuation is pressured by negative earnings and no dividend support.
Positive Factors
Revenue growth & high gross margin
Sustained ~97% revenue growth with ~77% gross margin indicates strong product-market fit and attractive unit economics. Those fundamentals support future operating leverage and long-term margin expansion as fixed costs are absorbed and platform volumes scale.
Negative Factors
High and worsening cash burn
Persistent and increasing negative operating and free cash flow (~-$42.6M in 2025) creates structural dependence on external financing. Over multiple quarters this reduces runway, constrains strategic flexibility, and elevates dilution or refinancing risk if cash burn is not materially curtailed.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & high gross margin
Sustained ~97% revenue growth with ~77% gross margin indicates strong product-market fit and attractive unit economics. Those fundamentals support future operating leverage and long-term margin expansion as fixed costs are absorbed and platform volumes scale.
Read all positive factors
Abaxx Technologies Inc (ABXX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$61.56M
Dividend YieldN/A
Average Volume (3M)193.54K
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth-34.80%
EPS Growth-28.42%
CountryCA
Employees86
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.29
Shares Outstanding34,731,255
10 Day Avg. Volume193,538
30 Day Avg. Volume193,538
Financial Highlights & Ratios
PEG Ratio1.75
Price to Book (P/B)22.29
Price to Sales (P/S)1693.68
P/FCF Ratio-41.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$64.00Price Target Upside1468.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.44
Revenue Forecast (FY)C$10.61M
Abaxx Technologies Inc Business Overview & Revenue Model
Company Description
Abaxx Technologies Inc., a financial software company, develops software tools for commodity traders and finance professionals to communicate, trade, and transact. It provides trading and clearing software, financial messaging and data services, a...
How the Company Makes Money
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Abaxx Technologies Inc Earnings Call Summary
Earnings Call Date:May 16, 2025
(Q1-2025)
| Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The earnings call highlights significant progress in product development and market expansion, with key milestones achieved in new futures markets and data distribution. However, challenges in onboarding, connectivity, and regulatory hurdles persist, impacting immediate volume growth and market liquidity.Positive Updates
First Trades in New Futures Markets
Abaxx achieved first trades in nickel sulfate and lithium carbonate futures during Q1, including the world's first trade of a non-Chinese U.S. dollar denominated and physically deliverable lithium carbonate futures.
Negative Updates
Slow Onboarding and Connectivity
Challenges remain in fully onboarding and establishing connectivity with clearing members and trading firms, impacting the initial volume seen in the first few quarters.
Read all updates
Q1-2025 Updates
Positive
Negative
First Trades in New Futures Markets
Abaxx achieved first trades in nickel sulfate and lithium carbonate futures during Q1, including the world's first trade of a non-Chinese U.S. dollar denominated and physically deliverable lithium carbonate futures.
Read all positive updates
Company Guidance
During the Q1 2025 Corporate Update Call, Abaxx Technologies and Abaxx Exchange provided guidance emphasizing their strategic focus on expanding onboarding KPIs and trading updates, product pipeline updates, and technology and product milestones. The company highlighted the launch of their metals businesses in lithium carbonate and nickel sulfate, adding to their existing futures products in physical LNG and VCM carbon. The call underscored Abaxx's dual objectives: transitioning to a revenue-generating entity and developing a global trading and clearing network. They emphasized their progress in onboarding participants, including 29 trading firms and 14 interdealer brokers, and the recent first trades in nickel sulfate and lithium carbonate futures. The company also discussed the potential for new products, such as gold and spread markets, to enhance trading volumes and expand their network. Overall, the guidance focused on near-term revenue growth, onboarding efficiency, and the long-term strategic value of their network infrastructure, aiming to join the ranks of the million-plus average daily volume club.Abaxx Technologies Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.04M | 968.85K | 215.51K | 0.00 | 0.00 |
| Gross Profit | 802.85K | 968.85K | -7.07M | -3.43M | -2.11M |
| EBITDA | -58.65M | -49.73M | -639.01K | 0.00 | 0.00 |
| Net Income | -43.91M | -54.08M | -9.63M | -17.03M | -11.93M |
Balance Sheet | |||||
| Total Assets | 125.13M | 51.55M | 48.70M | 14.00M | 29.29M |
| Cash, Cash Equivalents and Short-Term Investments | 74.53M | 25.46M | 25.22M | 9.61M | 21.80M |
| Total Debt | 38.38M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 55.98M | 9.52M | 5.82M | 3.20M | 1.35M |
| Stockholders Equity | 79.38M | 50.27M | 48.70M | 14.76M | 30.64M |
Cash Flow | |||||
| Free Cash Flow | -42.65M | -30.27M | -22.47M | -15.30M | -10.96M |
| Operating Cash Flow | -42.65M | -30.27M | -22.47M | -15.30M | -10.96M |
| Investing Cash Flow | -673.47K | 0.00 | 5.24M | -1.83M | -3.01M |
| Financing Cash Flow | 82.17M | 27.07M | 38.92M | 1.27M | 23.77M |
Abaxx Technologies Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$31.19M | 12.78 | 23.36% | ― | 18.05% | 22.83% | |
65 Neutral | C$47.79M | 12.35 | 42.87% | ― | 62.61% | -10.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$53.80M | -18.90 | -393.78% | ― | -35.91% | 20.44% | |
45 Neutral | C$61.56M | -40.30 | -139.78% | ― | -34.80% | -28.42% | |
43 Neutral | C$41.14M | -26.60 | -77.16% | ― | -10.57% | -117.50% |
* General Sector Average
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Abaxx Technologies Inc Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Abaxx Bids to Shape NIST AI Identity Standards for Financial Markets
Positive
Apr 2, 2026
Abaxx Technologies has submitted technical comments to the U.S. National Institute of Standards and Technology on identity and authorization standards for software and AI agents, leveraging its MarketOS institutional transaction suite and ID++ ide...
Business Operations and StrategyFinancial Disclosures
Abaxx Sets April Webcast to Present 2025 Results and Market Infrastructure Update
Neutral
Mar 26, 2026
Abaxx Technologies Inc., a financial software and market infrastructure provider, operates the Abaxx Commodity Exchange and Clearinghouse in Singapore and the Abaxx Spot gold trading platform, offering centrally cleared futures and modernized phys...
Business Operations and Strategy
Abaxx Joins Singapore Bullion Body to Bolster Gold Market Infrastructure in Asia
Positive
Mar 19, 2026
Abaxx Technologies Inc., through its majority-owned Abaxx Singapore, operates Abaxx Exchange and Abaxx Clearing to deliver centrally cleared, physically deliverable futures in energy transition and precious metals markets, and runs Abaxx Spot to m...
Business Operations and StrategyProduct-Related Announcements
Abaxx Unveils MarketOS to Speed Collateral Flows, Boosts Stake in Singapore Unit
Positive
Mar 4, 2026
Abaxx Technologies Inc. will unveil its MarketOS platform at the FIA Global Cleared Markets Conference, positioning it as an integrated transaction productivity suite to modernize identity verification and accelerate collateral movement in derivat...
Business Operations and StrategyProduct-Related Announcements
Abaxx launches Netherlands, France and Spain wind futures to hedge European renewables risk
Positive
Feb 27, 2026
Abaxx Technologies has expanded its suite of weather‑indexed power derivatives with the launch of Enwex Netherlands, France, and Spain Onshore Wind futures on Abaxx Exchange. The new euro‑denominated, financially settled contracts are ...
Business Operations and StrategyProduct-Related Announcements
Abaxx Launches New Wind Futures to Hedge Renewable Power Risk in Europe
Positive
Feb 27, 2026
Abaxx Technologies has expanded its suite of weather-indexed derivatives with the launch of Enwex Netherlands, France, and Spain Onshore Wind futures on Abaxx Exchange, offering euro-denominated, financially settled contracts tied to country-speci...
Business Operations and StrategyProduct-Related Announcements
Abaxx Marks First Physical Delivery on Singapore Gold Futures, Validating New Market Infrastructure
Positive
Feb 24, 2026
Abaxx Technologies has completed the first physical delivery under its Abaxx Gold Singapore Futures contract, a February 2026 contract that was physically settled between MTS Gold Group and Kilo Capital with clearing provided by StoneX and KGI Sec...
Business Operations and StrategyProduct-Related Announcements
Abaxx Pilots T+0 Digital Title Collateral for Gold and Money Market Funds
Positive
Feb 11, 2026
Abaxx Technologies has completed two pilot transactions using its proprietary ID++ Digital Title technology, demonstrating T+0 transfer of ownership for physical gold and money market fund shares. The system converts physical commodities and regul...
Business Operations and StrategyProduct-Related Announcements
Abaxx Expands European Wind Futures Suite With New Contracts for Netherlands, France and Spain
Positive
Feb 11, 2026
Abaxx Technologies Inc., a financial software and market infrastructure provider, is expanding its role in energy transition markets through its Abaxx Exchange, which offers centrally cleared futures in LNG, carbon, battery materials, and precious...
Business Operations and StrategyProduct-Related Announcements
Abaxx Launches ERCOT Wind Futures to Hedge Weather Risk in Texas Power Market
Positive
Feb 9, 2026
Abaxx Technologies Inc. has launched Enwex ERCOT Onshore Wind (EWM) futures on Abaxx Exchange, introducing weather-indexed hedging tools to the Electric Reliability Council of Texas, the largest competitive power market in the United States. The c...
Business Operations and StrategyProduct-Related Announcements
Abaxx Exchange Taps ipushpull to Stream Real-Time Market Data into Excel
Positive
Feb 9, 2026
Abaxx Exchange has partnered with capital markets fintech ipushpull to stream its exchange market data directly into Microsoft Excel, embedding both historical and real-time pricing and trade information into the spreadsheets trading firms already...
Business Operations and StrategyProduct-Related Announcements
Abaxx to Launch First U.S. Weather-Indexed ERCOT Wind Futures
Positive
Jan 30, 2026
Abaxx Technologies’ Abaxx Exchange is set to launch its first U.S. weather-indexed futures product, the Enwex ERCOT Onshore Wind (EWM) futures contract, on February 6, 2026, pending CFTC regulatory review. The U.S. dollar-denominated, cash-s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.