Shares of TrustBIX Inc (OTCMKTS:TBIXF) have been trading higher over the past month with a jump of 28% in a month.
Market Reaction
On Tuesday, TBIXF stock ended flat at $0.1275 with 157K shares, compared to its average volume of 34K shares. The stock has moved within a range of $0.1275 – 0.1275 after opening trade at $0.12.
TrustBIX Inc. Announces September 2021 Year End Financial Results
Agri-food traceability and chain of custody value solutions provider, TrustBIX Inc (OTCMKTS:TBIXF) on December 21, 2021, announced financial results for quarter four as well as the fiscal year ending September 30, 202 as well as September 30, 2020.
The firm witnessed record annual revenues of $2,168,828, an increase of 33.3% from 2020. TrustBIX’s annual operating expenses were reduced to $4,267,473, down by 4.1% from the previous year.
With quarter four revenues of $491,213, TrustBIX’s witnessed a decline of 8.5% from 2020. Additionally, the operating expenses plummeted to $1,024,717, down by 6.2% from the previous year. Hubert Lau, TrustBIX CEO said that even though quarter four results witnessed a reduction, the company’s annual revenues saw a new high especially because of the success of its BIX platform projects for creating new products as well as valuable solutions for agricultural and industrial markets.
The firm’s financial results for years ending September 30, 2021, as well as September 30, 2020, have been filed and are available on Electronic Document Analysis and Retrieval.
TrustBIX goal is to create a globe with more trust, less waste as well as reward sustainable behavior. Its proprietary platform, BIX (Business InfoXchange system), is made for creating trust without compromising privacy through blockchain-derived use of data and technology.
Through leveraging of BIX, the company gives independent validation of sustainable production practices and food provenance.
