TrustBIX Past Earnings Performance

Past criteria checks 0/6

TrustBIX's earnings have been declining at an average annual rate of -3.5%, while the Software industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 5.5% per year.

Key information

-3.5%

Earnings growth rate

49.2%

EPS growth rate

Software Industry Growth	8.2%
Revenue growth rate	5.5%
Return on equity	n/a
Net Margin	-133.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How TrustBIX makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSXV:TBIX Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2	-3	2
30 Sep 23	2	-3	2
30 Jun 23	2	-3	2
31 Mar 23	2	-4	2
31 Dec 22	2	-4	2
30 Sep 22	2	-4	2
30 Jun 22	2	-3	2
31 Mar 22	2	-3	2
31 Dec 21	2	-2	2
30 Sep 21	2	-2	2
30 Jun 21	2	-2	2
31 Mar 21	2	-2	2
31 Dec 20	2	-2	2
30 Sep 20	2	-2	2
30 Jun 20	2	-3	2
31 Mar 20	2	-3	2
31 Dec 19	2	-3	2
30 Sep 19	2	-3	2
30 Jun 19	2	-4	2
31 Dec 18	1	-2	2
30 Sep 18	2	-1	2
30 Sep 17	2	0	1
30 Sep 16	2	-1	1

Quality Earnings: TBIX is currently unprofitable.

Growing Profit Margin: TBIX is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TBIX is unprofitable, and losses have increased over the past 5 years at a rate of 3.5% per year.

Accelerating Growth: Unable to compare TBIX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TBIX is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (10.4%).

Return on Equity

High ROE: TBIX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

TrustBIX Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First quarter 2024 earnings released

Full year 2023 earnings released: CA$0.04 loss per share (vs CA$0.08 loss in FY 2022)

Third quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.022 loss in 3Q 2022)

Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.023 loss in 2Q 2022)

First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.016 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.08 loss per share (vs CA$0.058 loss in FY 2021)

Recent updates

Less than half of directors are independent

First quarter 2024 earnings released

TrustBIX Inc., Annual General Meeting, Apr 18, 2024

TrustBIX Inc. announced that it has received CAD 0.065 million in funding

Full year 2023 earnings released: CA$0.04 loss per share (vs CA$0.08 loss in FY 2022)

TrustBIX Inc. announced that it expects to receive CAD 0.1 million in funding

TrustBIX Inc. announced that it has received CAD 0.1 million in funding

Less than half of directors are independent

New major risk - Shareholder dilution

TrustBIX Inc. Announces Management Changes

Less than half of directors are independent

Third quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.022 loss in 3Q 2022)

TrustBIX Inc. (TSXV:TBIX) signed a Letter of Intent to acquire of Alberta Food Security Inc. from Agriplay Ventures Inc. for CAD 0.5 million.

Less than half of directors are independent

Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.023 loss in 2Q 2022)

TrustBIX Inc. Announces Changes to the Executive Team

Less than half of directors are independent

First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.016 loss in 1Q 2022)

TrustBIX Inc., Annual General Meeting, Apr 14, 2023

TrustBIX Inc. announced that it expects to receive CAD 0.5 million in funding

TrustBIX Inc. announced that it has received CAD 0.5 million in funding

TrustBIX Inc. announced that it expects to receive CAD 0.5 million in funding

Full year 2022 earnings released: CA$0.08 loss per share (vs CA$0.058 loss in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.015 loss in 3Q 2021)

TrustBIX Inc. Announces the Release of the Bix Origin Module

TrustBIX Inc. Announces Election of Ms. Emma Todd as Director

TrustBIX Inc. Announces Board Changes

Second quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.014 loss in 2Q 2021)

Less than half of directors are independent

TrustBIX Inc. announced that it has received CAD 1.13838 million in funding

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

TrustBIX Inc. announced that it expects to receive CAD 2 million in funding

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

TrustBIX Inc. announced that it expects to receive CAD 1 million in funding

Third quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.02 loss in 3Q 2020)

Independent Director Yu Zhen has left the company

Independent Director Fredrick Ruzicka has left the company

Chief Growth Officer James Freeman has left the company

Trustbix Inc. Receives National Research Council Funding for Joint Project with UK- Based Arden Biotechnology

Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.032 loss in 2Q 2020)

TrustBIX Inc. Announces FLS HUB for Feedlot Operations Management

First quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.035 loss in 1Q 2020)

TrustBIX Inc. Enters into A $300,000 Contract

New 90-day high: CA$0.90

TrustBIX Inc. announced that it has received CAD 2.1 million in funding

Chairman of the Board recently sold CA$97k worth of stock

TrustBIX Inc. announced that it expects to receive CAD 1.5 million in funding

Trustbix Inc. Renews Contract to Support Cargill's Certified Sustainable Beef Program

TrustBIX Inc. Signs MOU to Process Premium Canadian Beef for Export to China and Hong Kong

Trustbix Inc. Signs Mou with Gbi Global Inc. to Market Premium Canadian Beef in China and Hong Kong

TrustBIX Inc. Delivers Data Solution for West-Central Forage Association

TrustBIX Inc. Announces Trevor Gartner, Chief Operations Officer, Is Leaving the Company

Third quarter earnings released

TrustBIX Inc. announced that it has received CAD 0.074928 million in funding

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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