Canada · Delayed Price · Currency is CAD Minehub Technologies Earnings Call Transcripts
Fiscal Year 2025
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ABAX and MineHub are partnering to digitize the $12 trillion physical commodities supply chain, focusing on secure, real-time digital title transfer and financing. Their integrated, privacy-focused technology aims to transform trade finance, with pilots and customer engagement driving rapid commercialization.
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GMV rose 20% to $14.7B, with SaaS revenue up 17% and a 100% enterprise renewal rate. Expansion into China and new metals, plus strategic partnerships, support a positive outlook, though longer sales cycles and margin pressure persist.
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Revenue grew 19% year-over-year to $1.6M, driven by SaaS growth and new strategic partnerships. Net loss improved 11% to $4.7M, with ARR at $2.2M and strong expansion in Asia and Europe. SaaS ramp-up and further profitability gains are expected in 2025.
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Record Q1 revenue and improved net loss were driven by SaaS and professional services growth, with a strong pipeline and ecosystem expansion. Management expects a near-term shift to recurring SaaS revenue, with ARR growth anticipated as sales cycles close.