QUANTUM X LABS INC. QXL
Inc. (the "Registrant", "Viewbix" or the "Company") was incorporated in the State of Delaware on
August 16, 1985, under a predecessor name, The InFerGene Company ("InFerGene Company"). On August 25, 1995, a wholly owned
subsidiary of InFerGene Company merged with Zaxis International, Inc., an Ohio corporation, which following such merger, the surviving
entity, InFerGene Company, changed its name to Zaxis International, Inc. ("Zaxis"). Our principal executive offices are located
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $26.9M | $79.6M | $96.6M | $45.2M | $38.1M | $208.0K | $252.0K | — | — |
| Cost of revenue | — | — | — | — | — | $5.0K | $2.0K | $75.0K | — | — |
| Gross profit | — | — | — | — | $41.0K | $91.0K | $206.0K | $177.0K | — | — |
| R&D | $69.0K | $830.0K | $2.9M | $3.3M | $2.4M | $2.7M | $233.0K | $258.0K | -$354.8K | -$1.6M |
| SG&A | $1.6M | $1.9M | $2.9M | $2.2M | $1.4M | $1.7M | $720.0K | $317.0K | $557.3K | -$3.7M |
| Total operating expenses | — | — | — | — | $395.0K | $545.0K | $1.2M | $755.0K | -$557.3K | -$5.4M |
| Operating income | -$2.2M | -$837.0K | -$7.5M | $2.7M | $541.0K | $2.0M | -$1.0M | -$578.0K | -$557.3K | -$5.4M |
| Interest expense | $63.0K | $160.0K | $87.0K | $143.0K | — | — | — | — | — | — |
| Pre-tax income | -$13.4M | -$3.4M | -$8.8M | $1.3M | $681.0K | $2.5M | -$1.1M | -$560.0K | — | — |
| Income tax | $39.0K | $131.0K | $66.0K | $153.0K | $90.0K | $181.0K | $15.0K | $15.0K | — | — |
| Net income | -$19.3M | -$12.1M | -$7.3M | $28.0K | $300.0K | $2.3M | -$1.1M | -$575.0K | -$1.5M | -$6.1M |
| EPS, basic | 2.28 | 2.69 | 1.97 | 0.00 | 0.02 | 0.16 | — | — | — | — |
| EPS, diluted | 2.28 | 2.69 | 1.97 | 0.00 | 0.02 | 0.16 | -0.08 | -2.11 | -0.07 | -0.32 |
| Shares, diluted (wtd. avg.) | $8.5M | $4.5M | $3.7M | $15.0M | $15.0M | $15.0M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.0M | $24.0K | $1.8M | $4.2M | $5.2M | $148.0K | $87.0K | $51.0K | $3.0K | $4.5K |
| Short-term investments | — | — | — | — | — | — | — | $17.2K | — | — |
| Receivables | $315.0K | $557.0K | $11.4M | $20.9M | $16.4M | $15.0K | — | $15.0K | — | — |
| Total current assets | $1.7M | $7.8M | $17.8M | $29.8M | $29.2M | $225.0K | $225.0K | $153.0K | $15.2K | $13.8K |
| Property, plant and equipment | $56.0K | $17.0K | $245.0K | $302.0K | $334.0K | — | $5.0K | $5.0K | $14.3K | $31.8K |
| Goodwill | $6.4M | $1.1M | $12.3M | $17.4M | $12.5M | — | — | — | — | — |
| Other intangibles | $2.0M | $1.9M | $4.9M | $35.1M | $8.4M | — | — | — | — | — |
| Total assets | $10.8M | $22.0M | $43.3M | $63.7M | $51.3M | $225.0K | $230.0K | $158.0K | $29.5K | $57.6K |
| Accounts payable | $1.2M | $2.4M | $12.4M | $19.8M | $16.7M | — | — | $13.1K | $123.7K | $198.8K |
| Short-term debt | $781.0K | $3.1M | $1.4M | $1.5M | $5.1M | $50.0K | — | — | — | — |
| Total current liabilities | $4.1M | $12.9M | $19.8M | $28.5M | $26.8M | $2.3M | $1.9M | $833.0K | $1.0M | $1.3M |
| Long-term debt | $586.0K | $496.0K | $3.1M | $2.9M | $4.3M | — | — | — | — | — |
| Total liabilities | — | — | — | — | — | — | — | $975.2K | $1.6M | $1.3M |
| Retained earnings | -$46.0M | -$22.7M | -$10.7M | -$3.3M | -$2.4M | -$15.2M | -$14.7M | -$13.6M | -$16.6M | -$15.0M |
| Total equity | $5.0M | $5.8M | $18.6M | $29.9M | $18.5M | $13.3M | -$1.7M | -$721.0K | -$395.0K | -$1.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.8M | $1.4M | $934.0K | $3.2M | $4.4M | $3.0M | -$135.0K | $30.0K | -$630.0K | -$858.5K |
| Depreciation and amortisation | $67.0K | $115.0K | $73.0K | $90.0K | $94.0K | $1.7M | $1.0K | $2.0K | $17.5K | $12.4K |
| Stock-based compensation | $75.0K | $69.0K | $135.0K | $71.0K | -$43.0K | $103.0K | — | — | $76.6K | $2.0M |
| Capital expenditure | — | $1.0K | $16.0K | $58.0K | $311.0K | $55.0K | $2.0K | — | — | $23.1K |
| Investing cash flow | -$151.0K | -$1.0K | -$16.0K | -$74.0K | -$10.8M | -$222.0K | -$1.0K | — | $11.9K | -$35.0K |
| Financing cash flow | $3.8M | -$2.1M | -$3.4M | -$4.2M | $8.3M | -$1.3M | $174.0K | $2.0M | $606.3K | $782.6K |
| Dividends paid | — | — | $130.0K | $73.0K | — | $386.0K | — | — | — | — |
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 0001493152-26-013205.
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