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TrustBIX Inc. provides information solutions for the agri-food industry across Canada, the U.S., and internationally. While the company boasts a strong gross margin of 75.1%, it faces significant concerns with negative EBITDA and net margins, indicating ongoing operational losses. Additionally, a current and quick ratio of 0.13 suggests liquidity challenges. The sharp price increase of 33.33% today may reflect speculative interest rather than underlying financial stability, highlighting a disconnect between high margins and overall valuation.
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Company is burning $48K per quarter with $116K in cash. Approximately 2.4 quarters of runway at current burn rate.
Revenue fell 15.6% year-over-year from $1.6M to $1.3M. The decline has persisted for multiple quarters.
Company posted a loss of $-1.1M over the last year, representing 79.6% of revenue.
Debt of $783K is 6.7x the company's cash position of $116K.
Gross margin expanded by 10.0 percentage points, indicating improved pricing power or cost efficiency.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.