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Abaxx Technologies Inc
(NEO-L:ABXX)
Abaxx Technologies Inc (ABXX) vs. iShares MSCI Canada ETF (EWC)
Abaxx Technologies Inc Business Overview & Revenue Model
Abaxx Technologies Inc Earnings Call Summary
Abaxx Technologies Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 968.85K | 215.51K | 0.00 | 0.00 | 0.00 | Gross Profit |
| 968.85K | -7.07M | -3.43M | -2.11M | -1.05M | EBIT |
| -48.93M | -31.09M | -19.93M | -14.19M | -8.00M | EBITDA |
| -49.73M | -639.01K | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -54.08M | -9.63M | -17.03M | -11.93M | -9.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 25.46M | 25.22M | 9.61M | 21.80M | 11.95M | Total Assets |
| 51.55M | 48.70M | 14.00M | 29.29M | 17.01M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -25.40M | -25.16M | -4.58M | -19.36M | -8.86M | Total Liabilities |
| 9.52M | 5.82M | 3.20M | 1.35M | 3.21M | Stockholders Equity |
| 50.27M | 48.70M | 14.76M | 30.64M | 15.52M |
| Cash Flow | Free Cash Flow | |||
| -30.27M | -22.47M | -15.30M | -10.96M | -5.31M | Operating Cash Flow |
| -30.27M | -22.47M | -15.30M | -10.96M | -5.31M | Investing Cash Flow |
| 0.00 | 5.24M | -1.83M | -3.01M | 7.68M | Financing Cash Flow |
| 27.07M | 38.92M | 1.27M | 23.77M | 4.78M |
Abaxx Technologies Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$56.70M | 38.50 | 5.09% | ― | -0.92% | -23.37% | |
57 Neutral | C$37.29M | ― | -244.21% | ― | 51.52% | 50.73% | |
56 Neutral | C$38.88M | ― | -113.15% | ― | -10.58% | -16.33% | |
49 Neutral | C$2.77B | 2.48 | -80.91% | 2.72% | 6.54% | -19.28% | |
49 Neutral | C$61.56M | ― | -90.88% | ― | 349.56% | -928.83% | |
46 Neutral | C$69.90M | ― | -99.03% | ― | 29.22% | 18.54% | |
39 Underperform | C$7.71M | ― | -2108.66% | ― | -47.00% | -22.30% |
Abaxx Technologies Inc Corporate Events
Abaxx Technologies Inc. has increased its stake in Base Carbon Inc. by acquiring 3,700,000 additional common shares, raising its ownership to 17.7% from 14.32%. This acquisition aligns with Abaxx’s strategic interest in Base and investment purposes, with potential future transactions depending on market conditions and other factors.
Spark’s Take on TSE:ABXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.
Abaxx Technologies Inc. has strong revenue growth and a solid balance sheet, but it remains unprofitable with negative cash flow, significantly impacting its financial performance score. Technical analysis points to a stable stock price without significant upward momentum. Valuation metrics are poor due to negative profitability. However, strategic corporate events positively influence the overall score by enhancing financial stability and market potential.
To see Spark’s full report on TSE:ABXX stock, click here.
Abaxx Technologies Inc. has successfully closed the second tranche of its convertible debenture offering, raising C$10,065,000. This funding will be used for general corporate and working capital purposes, enhancing the company’s financial position and supporting its market infrastructure initiatives. The debentures are secured and convertible into common shares, with specific conditions for redemption and interest payments. This move is expected to strengthen Abaxx’s operations and market positioning, particularly in the commodities sector.
Spark’s Take on TSE:ABXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.
Abaxx Technologies shows robust revenue growth and a strong balance sheet but remains unprofitable with cash flow challenges, which significantly impact its financial performance score. Technical analysis and valuation suggest stability without significant upward momentum or profitability. However, strategic corporate events positively influence the overall score by enhancing financial stability and market potential.
To see Spark’s full report on TSE:ABXX stock, click here.
In the first quarter of 2025, Abaxx Technologies Inc. achieved significant milestones, including executing its first trades in Nickel Sulphate and Lithium Carbonate Futures, and the first OTC LNG cargo trade indexed to Abaxx LNG Futures. The company expanded its market presence by onboarding new trading and clearing firms, launching new battery metals contracts, and engaging in exploratory discussions for cross-jurisdictional product listings. Abaxx also advanced its technological capabilities with system upgrades and product developments, such as the Verifier+ v2.0 and Abaxx Messenger. These developments are expected to enhance Abaxx’s market visibility and operational efficiency, positioning it for further growth and expansion in the financial technology sector.
Spark’s Take on TSE:ABXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.
Abaxx Technologies shows robust revenue growth and a strong balance sheet but remains unprofitable with cash flow challenges, which significantly impact its financial performance score. The stock’s technical analysis suggests a stable but non-dynamic price movement, while valuation metrics indicate poor profitability. However, strategic corporate events bolster financial stability and market potential, positively influencing the overall score.
To see Spark’s full report on TSE:ABXX stock, click here.
Abaxx Technologies Inc. has successfully closed the first tranche of its non-brokered private placement of secured convertible debentures, raising C$22.85 million. The funds are intended for general corporate and working capital purposes. This move strengthens Abaxx’s financial position and supports its ongoing operations, with the potential for a second tranche to raise an additional C$17.15 million. The debentures are convertible into common shares and are secured against publicly-traded securities owned by the company, reflecting a strategic financial maneuver to bolster its market presence.
Abaxx Technologies Inc. has announced an increase in its non-brokered private placement of secured convertible debentures to C$40 million due to strong investor demand. The debentures, convertible into common shares at a price of C$13.00 per share, are expected to close soon, pending regulatory approvals. The proceeds will be used for general corporate and working capital purposes, potentially strengthening the company’s market position and operational capabilities.
Abaxx Technologies Inc. has announced a groundbreaking over-the-counter trade of an LNG cargo indexed to its LNG futures, marking a significant milestone in the global LNG markets. This development highlights the growing adoption of Abaxx’s futures as benchmarks for LNG pricing, offering more precise pricing tools amid geopolitical shifts affecting global commodities markets, and reinforcing the company’s role in providing reliable risk management solutions.
Abaxx Technologies Inc. has announced a C$20,000,000 convertible debenture offering, aiming to raise funds through a non-brokered private placement. The debentures, due in 36 months, will be convertible into common shares at a specified price and will bear interest at 7.0% per annum. The offering is expected to close by March 25, 2025, pending regulatory approvals, and the proceeds will be used for general corporate purposes. This move could enhance Abaxx’s financial position and support its market operations, potentially impacting stakeholders by providing improved financial stability and operational capacity.
Abaxx Technologies Inc. announced the execution of the first lithium carbonate futures block trade on its commodity futures exchange, marking a significant milestone in the market for battery raw materials. This development introduces the world’s first physically-deliverable lithium carbonate contracts, providing standardized and globally accessible pricing benchmarks that enhance risk management and price discovery in the lithium industry. The new contracts are expected to play a crucial role in aligning trade flows with physical market realities, offering a reliable mechanism for stakeholders to manage price risks in a dynamic market.
Abaxx Singapore has partnered with ZEMA Global Data to integrate Abaxx Exchange’s market data into ZEMA’s platform, enhancing access to verified trade data and price references for global financial institutions and commodity market participants. This collaboration aims to improve data workflows and transparency, aiding market participants in managing price volatility and developing effective hedging strategies, thereby strengthening Abaxx’s position in the commodity and energy markets.
Abaxx Technologies Inc. has announced the launch of the world’s first physically deliverable lithium carbonate futures, set to commence on March 7, 2025. These futures, denominated in US dollars and deliverable in Singapore, Rotterdam, and Baltimore, aim to provide market participants with standardized pricing benchmarks and improved risk management tools in the rapidly evolving battery metals market. The introduction of these futures is expected to enhance price transparency and align with global trade flows, offering traders a precise hedging instrument for better managing supply chains in the battery metals industry.