Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
TrustBix, Inc. ( (TSE:TBIX) ) has issued an announcement.
TrustBIX Inc. reported a significant reduction in net loss and operating expenses for the fiscal year ended September 30, 2024, despite a decrease in revenue. The company attributed these improvements to its multi-year strategy to streamline operations. However, challenges in manufacturing delayed revenue recognition for contracts worth over $5 million related to indoor farming technology, with plans to resolve these issues in 2025.
More about TrustBix, Inc.
TrustBIX is an agricultural technology company that offers Gate to Plate® solutions aimed at fostering trust, reducing waste, and rewarding sustainable practices in the agri-food sector. Their technologies are recognized for providing practical tools used by both local and international organizations.
YTD Price Performance: 30.0%
Average Trading Volume: 79,875
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.5M
For an in-depth examination of TBIX stock, go to TipRanks’ Stock Analysis page.
