NASDAQ : AVX
Avax One Technology Ltd. — Financial statements
Financials · Asset Management · Canada
Last price 4.52 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 33.44M
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Financial statements
Avax One Technology Ltd. (AVX) reported revenue of 6.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.94M | 2.34M | 26.57K | 16.28K | ||
| Cost of Revenue | 3.52M | 1.83M | 115.13K | 13.58K | ||
| Gross Profit | 3.43M | 515.76K | -88.56K | 2.70K | ||
| Selling, General & Admin | 6.96M | 5.03M | 4.16M | 7.10M | 10.95M | 4.76M |
| Research & Development | 18.77K | 18.77K | 75.28K | 6.59K | 615.69K | 474.34K |
| Operating Expenses | 10.00M | 7.77M | 5.27M | 8.62M | 12.53M | 6.04M |
| Operating Income | -6.57M | -7.26M | -5.36M | -8.62M | -12.53M | -6.04M |
| Interest Expense | -4.76M | -3.15M | -2.98M | -7.96M | -3.40M | -483.53K |
| Currency Exchange Gain (Loss) | 1.56K | -80.44K | 204.73K | -75.01K | 290.08K | 162.98K |
| Other Non Operating Income (Expenses) | -80.05M | -5.55M | 982.58K | 8.88M | 2.67M | -74.53K |
| EBT Excluding Unusual Items | -91.37M | -16.03M | -7.15M | -7.78M | -12.97M | -6.43M |
| Gain (Loss) on Sale of Assets | -259.00K | -4.25K | -75.36K | |||
| Asset Writedown | -9.30M | -5.56M | -4.14M | -1.96M | ||
| Legal Settlements | -111.20K | |||||
| Other Unusual Items | -5.78M | -10.40M | -4.47M | -1.91M | 93.97K | -210.66K |
| Pretax Income | -106.71M | -31.99M | -15.87M | -11.73M | -12.87M | -6.64M |
| Earnings From Continuing Operations | -106.71M | -31.99M | -15.87M | -11.73M | -12.87M | -6.64M |
| Earnings From Discontinued Operations | 200.33K | -1.20M | -403.06K | |||
| Net Income | -106.51M | -33.20M | -16.27M | -11.73M | -12.87M | -6.64M |
| Preferred Dividends & Other Adjustments | 735.93K | |||||
| Net Income to Common | -106.51M | -33.20M | -16.27M | -11.73M | -12.87M | -7.38M |
| Shares Outstanding (Basic) | 5.38M | 1.37M | ||||
| Shares Outstanding (Diluted) | 5.38M | 1.39M | ||||
| EPS (Basic) | -19.81 | -24.30 | ||||
| EPS (Diluted) | -20.29 | -25.78 | ||||
| Free Cash Flow | -19.21M | -15.69M | -6.11M | -6.51M | -12.24M | -5.91M |
| Free Cash Flow Per Share | -3.57 | -11.31 | ||||
| Gross Margin | 49.38% | 22.03% | 16.61% | |||
| Operating Margin | -94.59% | -310.02% | -20,168.69% | -52,947.64% | ||
| Profit Margin | -1,533.87% | -1,418.11% | -61,247.99% | -72,066.89% | ||
| Free Cash Flow Margin | -276.61% | -670.47% | -22,998.70% | -39,954.99% | ||
| EBITDA | -5.17M | -5.84M | -4.69M | -7.94M | -12.51M | -6.03M |
| EBITDA Margin | -74.50% | -249.29% | ||||
| D&A For EBITDA | 1.39M | 1.42M | 667.06K | 679.84K | 22.41K | 11.80K |
| EBIT | -6.57M | -7.26M | -5.36M | -8.62M | -12.53M | -6.04M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.37M | 22.14M | 489.87K | 3.88M | 2.27M | 7.78M |
| Short-Term Investments | 12.00K | 32.00K | ||||
| Cash & Short-Term Investments | 11.37M | 22.14M | 489.87K | 3.88M | 2.28M | 7.81M |
| Other Receivables | 2.08M | 17.09K | 115.52K | 30.86K | 48.94K | 32.33K |
| Receivables | 2.08M | 17.09K | 115.52K | 30.86K | 48.94K | 32.33K |
| Inventory | 69.51K | |||||
| Prepaid Expenses | 3.72M | 5.76M | 230.12K | 223.62K | 436.50K | 214.44K |
| Other Current Assets | 9.58M | 5.59M | 445.44K | 18.59K | 149.85K | 62.59K |
| Total Current Assets | 32.19M | 33.50M | 1.28M | 4.22M | 2.92M | 8.12M |
| Property, Plant & Equipment | 5.97M | 4.25M | 808.89K | 125.37K | 3.75M | 2.12M |
| Goodwill | 1.53M | 1.54M | ||||
| Other Intangible Assets | 294.00K | 408.86K | 7.81M | 12.73M | 13.09M | 1.48M |
| Other Long-Term Assets | 83.21M | 155.27M | 860.56K | 287.51K | 2.09M | 50.61K |
| Total Assets | 123.20M | 194.96M | 10.76M | 17.37M | 21.85M | 11.77M |
| Accounts Payable | 867.00K | 545.29K | 597.06K | 1.07M | 498.19K | 414.12K |
| Accrued Expenses | 816.00K | 734.68K | 1.89M | 868.45K | 365.52K | 481.03K |
| Short-Term Debt | 13.19M | 6.66M | 1.44M | 4.08M | 3.94M | |
| Current Portion of Leases | 271.11K | |||||
| Current Unearned Revenue | 15.34K | |||||
| Other Current Liabilities | 50.00K | 50.00K | 392.87K | 284.03K | 1.39M | |
| Total Current Liabilities | 14.92M | 7.99M | 4.32M | 6.04M | 5.36M | 2.29M |
| Long-Term Debt | 41.70K | 45.37K | 44.30K | 47.33K | ||
| Long-Term Leases | 1.25M | |||||
| Other Long-Term Liabilities | 290.77K | 2.72M | 4.65M | 1.43M | ||
| Total Liabilities | 14.92M | 7.99M | 4.65M | 8.80M | 11.30M | 3.77M |
| Common Stock | 282.15M | 283.30M | 65.04M | 49.83M | 27.14M | 25.64M |
| Additional Paid-In Capital | 22.21M | 22.97M | 2.96M | 3.47M | 16.82M | 2.20M |
| Retained Earnings | -175.50M | -93.98M | -60.78M | -44.51M | -32.77M | -19.90M |
| Comprehensive Income & Other | -17.68M | -25.31M | -1.11M | -229.50K | -642.71K | 60.21K |
| Total Common Equity | 108.28M | 186.98M | 6.11M | 8.56M | 10.54M | 8.00M |
| Shareholders' Equity | 108.28M | 186.98M | 6.11M | 8.56M | 10.54M | 8.00M |
| Total Liabilities & Equity | 123.20M | 194.96M | 10.76M | 17.37M | 21.85M | 11.77M |
| Total Debt | 13.19M | 6.66M | 1.48M | 4.13M | 5.51M | 47.33K |
| Net Cash (Debt) | -1.82M | 15.48M | -995.04K | -251.43K | -3.23M | 7.76M |
| Net Cash Per Share | -0.34 | 11.16 | ||||
| Filing Date Shares Outstanding | 7.40M | 7.48M | 16.11K | |||
| Total Common Shares Outstanding | 7.36M | 7.74M | 14.36K | |||
| Working Capital | 17.26M | 25.51M | -3.04M | -1.82M | -2.44M | 5.83M |
| Book Value Per Share | 14.70 | 24.14 | 425.72 | |||
| Tangible Book Value | 106.45M | 185.03M | -1.70M | -4.17M | -2.55M | 6.52M |
| Tangible Book Value Per Share | 14.46 | 23.89 | -118.59 | |||
| Machinery | 7.02M | 4.91M | 837.50K | 41.11K | 76.70K | 62.70K |
| Construction In Progress | 113.57K | 2.09M | 2.08M | |||
| Leasehold Improvements | 86.98K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -106.51M | -33.20M | -16.27M | -11.73M | -12.87M | -6.64M |
| Depreciation & Amortization | 1.39M | 1.42M | 667.06K | 679.84K | 22.41K | 11.80K |
| Other Amortization | 4.76M | 3.12M | 2.58M | 7.76M | 3.06M | 483.53K |
| Loss (Gain) From Sale of Assets | 235.48K | 880.48K | 4.25K | 105.68K | ||
| Asset Writedown & Restructuring Costs | 9.30M | 5.56M | 4.20M | 1.96M | ||
| Loss (Gain) From Sale of Investments | 97.49K | |||||
| Stock-Based Compensation | 2.37M | 2.02M | 113.16K | 1.09M | 1.70M | 1.25M |
| Other Operating Activities | 84.56M | 14.75M | 3.09M | -7.48M | -3.81M | -606.25K |
| Change in Accounts Receivable | -60.05K | 90.95K | -84.66K | 18.08K | -16.61K | -23.35K |
| Change in Inventory | -3.59K | -38.86K | ||||
| Change in Accounts Payable | -1.32M | -1.31M | 641.28K | 834.15K | 75.55K | 662.17K |
| Change in Unearned Revenue | 15.30K | |||||
| Change in Other Net Operating Assets | -11.19M | -7.80M | -306.15K | 275.45K | -232.70K | -273.37K |
| Operating Cash Flow | -16.46M | -14.45M | -5.27M | -6.51M | -12.08M | -5.14M |
| Capital Expenditures | -2.75M | -1.25M | -839.94K | -160.01K | -769.71K | |
| Cash Acquisitions | -4.76M | -1.03M | ||||
| Sale (Purchase) of Intangibles | 50.00K | 50.00K | -500.00K | -225.00K | ||
| Sale (Purchase) of Real Estate | -12.00K | |||||
| Investment in Securities | -225.00K | |||||
| Other Investing Activities | -109.68M | -109.55M | 20.00K | |||
| Investing Cash Flow | -112.38M | -115.51M | -1.87M | -225.00K | -640.01K | -1.01M |
| Short-Term Debt Issued | 11.52M | 2.25M | 9.62M | 12.75M | ||
| Long-Term Debt Issued | 615.93K | |||||
| Total Debt Issued | 9.48M | 11.52M | 2.25M | 9.62M | 12.75M | 615.93K |
| Short-Term Debt Repaid | -474.34K | -1.33M | -2.14M | -2.81M | ||
| Long-Term Debt Repaid | -750.00K | |||||
| Total Debt Repaid | -938.34K | -474.34K | -1.33M | -2.14M | -2.81M | -750.00K |
| Net Debt Issued (Repaid) | 8.54M | 11.04M | 918.53K | 7.47M | 9.95M | -134.07K |
| Issuance of Common Stock | 132.83M | 132.89M | 2.78M | 1.34M | 15.89M | |
| Repurchase of Common Stock | -4.11M | -257.96K | ||||
| Other Financing Activities | 8.20M | 8.04M | -84.46K | -541.14K | -2.38M | -2.35M |
| Financing Cash Flow | 145.46M | 151.71M | 3.61M | 8.27M | 7.56M | 13.41M |
| Foreign Exchange Rate Adjustments | -1.15K | -108.15K | 142.67K | 65.26K | -346.70K | -139.93K |
| Net Cash Flow | 16.62M | 21.65M | -3.39M | 1.61M | -5.51M | 7.12M |
| Free Cash Flow | -19.21M | -15.69M | -6.11M | -6.51M | -12.24M | -5.91M |
| Free Cash Flow Margin | -276.61% | -670.47% | -22,998.70% | -39,954.99% | ||
| Free Cash Flow Per Share | -3.57 | -11.31 | ||||
| Levered Free Cash Flow | -22.01M | -13.26M | -1.91M | 347.60K | -7.30M | -3.23M |
| Unlevered Free Cash Flow | -23.80M | -14.41M | -2.64M | -2.44M | -8.23M | -3.41M |
| Cash Interest Paid | 51.66K | 38.66K | 53.40K | 198.43K | 338.75K | |
| Change in Working Capital | -12.57M | -9.01M | 246.89K | 1.10M | -173.76K | 365.45K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 35.91M | 140.60M | 3.67M | 659.74K | 17.70M | 30.33M |
| Enterprise Value | 37.74M | 141.39M | 3.44M | 6.19M | 15.46M | 20.37M |
| Last Close Price | 4.52 | 18.12 | 255.96 | 5,074.93 | 610,184.14 | 1,123,171.00 |
| Forward PE | 0.51 | 0.51 | 0.51 | 30.27 | 83.20 | |
| PS Ratio | 4.82 | 60.06 | 138.27 | 40.52 | ||
| PB Ratio | 0.31 | 0.75 | 0.60 | 0.08 | 1.68 | 3.79 |
| P/TBV Ratio | 0.31 | 0.76 | 4.65 | |||
| EV/Sales Ratio | 5.08 | 60.40 | 129.43 | 379.94 | ||
| Debt / Equity Ratio | 0.12 | 0.04 | 0.24 | 0.48 | 0.52 | 0.01 |
| Net Debt / Equity Ratio | 0.02 | -0.08 | 0.16 | 0.03 | 0.31 | -0.97 |
| Net Debt / EBITDA Ratio | -0.35 | 2.65 | -0.21 | -0.03 | -0.26 | 1.29 |
| Net Debt / FCF Ratio | -0.10 | 0.99 | -0.16 | -0.04 | -0.26 | 1.31 |
| Asset Turnover | 0.10 | 0.02 | 0.00 | 0.00 | ||
| Quick Ratio | 0.90 | 2.77 | 0.14 | 0.65 | 0.43 | 3.43 |
| Current Ratio | 2.16 | 4.19 | 0.30 | 0.70 | 0.54 | 3.55 |
| Return on Equity (ROE) | -189.99% | -33.14% | -216.30% | -122.81% | -138.85% | -141.29% |
| Return on Assets (ROA) | -5.93% | -4.41% | -23.81% | -27.48% | -46.59% | -49.88% |
| Return on Capital Employed (ROCE) | -6.10% | -3.90% | -83.20% | -76.10% | -76.00% | -63.70% |
| Earnings Yield | -417.89% | -23.61% | -442.97% | -1,778.46% | -72.75% | -21.91% |
| FCF Yield | -57.44% | -11.16% | -166.33% | -986.00% | -69.17% | -19.48% |