AVAX ONE TECHNOLOGY LTD. AVX
to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company's registered and records
conjunction with the Company's focus on digital assets, primarily through a digital asset strategy involving the accumulation and
appreciation of the Avalanche token, the Company changed its name to AVAX One Technology Ltd. (the "Company", and all references
herein to AVAX One, AVX and AgriFORCE refer to the Company).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | $26.6K | $16.3K | — | — | — | — |
| Cost of revenue | — | $89.1K | $13.6K | — | — | — | — |
| Gross profit | — | -$21.2K | $2.7K | — | — | — | — |
| R&D | $18.8K | $75.3K | $6.6K | $615.7K | $474.3K | $123.9K | — |
| SG&A | $1.1M | $663.2K | $1.0M | $1.3M | $780.1K | $189.8K | — |
| Total operating expenses | $24.0M | $10.1M | $11.2M | $13.7M | — | — | — |
| Operating income | -$21.7M | -$10.1M | -$11.2M | -$13.7M | -$6.9M | -$3.3M | — |
| Pre-tax income | -$33.2M | -$16.3M | -$11.7M | -$12.9M | -$6.6M | -$3.2M | — |
| Net income | -$33.2M | -$16.3M | -$11.7M | -$12.9M | -$6.6M | -$3.2M | — |
| EPS, basic | -2.03 | -205.25 | -1,011.05 | -35.60 | -0.66 | — | — |
| EPS, diluted | -2.15 | -199.51 | -1,011.05 | -35.60 | -0.66 | -0.53 | — |
| Shares, diluted (wtd. avg.) | $16.6M | $91.0K | $11.6K | $361.6K | $11.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.1M | $489.9K | $3.9M | $2.3M | $7.8M | — | — |
| Inventory | — | $42.4K | $38.9K | — | — | — | — |
| Total current assets | $33.5M | $1.3M | $4.2M | $2.9M | $8.1M | $875.4K | — |
| Property, plant and equipment | $4.2M | $808.9K | $11.8K | $121.7K | $41.0K | $28.4K | — |
| Goodwill | $1.5M | $294.9K | — | — | — | — | — |
| Other intangibles | $408.9K | $7.8M | $12.7M | $13.1M | $1.5M | — | — |
| Total assets | $195.0M | $10.8M | $17.4M | $21.8M | $11.8M | $3.4M | — |
| Accounts payable | $545.3K | $597.1K | $1.1M | $498.2K | $414.1K | $744.2K | — |
| Total current liabilities | $8.0M | $4.3M | $6.0M | $5.4M | $2.3M | $1.9M | — |
| Long-term debt | — | $1.5M | $11.5M | $11.1M | — | — | — |
| Total liabilities | $8.0M | $4.7M | $8.8M | $11.3M | $3.8M | $2.0M | — |
| Retained earnings | -$94.0M | -$60.8M | -$44.5M | -$32.8M | -$19.9M | -$12.5M | — |
| Total equity | $187.0M | $6.1M | $8.6M | $10.5M | $8.0M | $1.4M | $3.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.4M | -$5.3M | -$6.5M | -$12.1M | -$5.1M | -$1.9M | — |
| Depreciation and amortisation | $592.7K | $2.0K | $24.9K | $22.4K | $11.8K | $9.1K | — |
| Stock-based compensation | $1.8M | $22.8K | $317.9K | $420.7K | $796.1K | $571.2K | — |
| Investing cash flow | -$115.5M | -$1.9M | -$225.0K | -$640.0K | -$1.0M | -$171.6K | — |
| Financing cash flow | $151.7M | $3.6M | $8.3M | $7.6M | $13.4M | $604.8K | — |
| Buybacks | $258.0K | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014138.
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