Skipping the Numbers, Here's What's Cooking with Abaxx Technologies Inc.
Construction Continues at Abaxx, potential shift towards revenue generation and sales in the current year.
Fintech powerhouse Abaxx Technologies Inc. (NEOE:ABXX:CA) has spilled the beans on a Q1-2025** corporate update and earnings call transcript. But hold your horses, folks, because the delicious numbers we're all craving - like revenue, net income, and earnings - are MIA, at least for now.
In the interim, here's what's sizzling in the Abaxx kitchen:
The update...uh, financing update? Okay, here's the deal: Abaxx got its hands on some dough through convertible debentures. They have two tranches, like layers in a delicious financial lasagna. The first tranche, cooked up on March 27, 2025, served up a hefty C$22.85 million. The second tranche, which was plated on April 10, added another C$10.065 million, taking the grand total to a mouthwatering C$32.915 million.
But no one goes to a steakhouse just for the appetizer, right? Let's move on to the main course - operational highlights. In Q1 2025, Abaxx has been busy launching new products like Nickel Sulphate, Lithium Carbonate, and OTC LNG cargo indexed to Abaxx LNG Futures. They also introduced four new battery metals contracts and even proposed a Singapore Gold Futures contract. Abaxx is also working hard to earn that prestigious ISO/IEC 27001 certification (targeted for June 2025) and improving their client onboarding systems.
Now, the million-dollar question - where's the money at, Abaxx? Our pals at Seeking Alpha have noticed that we're light on the financial data, especially the revenue and profitability numbers. But they say we're making up for it by focusing on our tech and exchange development progress. The Q1 2025 earnings call transcript kept it real by discussing regulatory updates and product pipelines, so there's that.
So, if you're a numbers enthusiast, keep a close eye on Abaxx’s filings on SEDAR+ or investor relations updates. You never know when those numbers might start popping up. Until then, let's savor the smorgasbord of operational updates and hope for some tasty results in the future!
- The Q1-2025 corporate update from Abaxx Technologies Inc. (NEOE:ABXX:CA) revealed an investment of C$32.915 million through convertible debentures, with the first tranche raising C$22.85 million on March 27, 2025, and the second tranche adding C$10.065 million on April 10, 2025.
- In Q1 2025, Abaxx Technologies Inc. launched new products such as Nickel Sulphate, Lithium Carbonate, and OTC LNG cargo indexed to Abaxx LNG Futures, as well as four new battery metals contracts and a proposed Singapore Gold Futures contract.
- The company is aiming to achieve ISO/IEC 27001 certification in June 2025 and is also working to improve client onboarding systems.
- For those eagerly anticipating financial earnings, it is recommended to closely monitor Abaxx’s filings on SEDAR+ or investor relations updates, as revenue and profitability numbers may become available in the future.
