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DigitalX Limited
(Sydney:DCC)
DigitalX Limited (DCC) vs. iShares MSCI Australia ETF (EWA)
DigitalX Limited Business Overview & Revenue Model
DigitalX Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.97M | 3.26M | 2.28M | 2.53M | 10.12M | -3.12M | Gross Profit |
| 243.68K | -365.74K | 1.50M | 1.50M | 9.25M | -3.77M | EBIT |
| -2.80M | -3.30M | -7.68M | -3.01M | 6.38M | -7.28M | EBITDA |
| -4.07M | -4.59M | -7.43M | -2.35M | 7.19M | -7.02M | Net Income Common Stockholders |
| -4.68M | -4.79M | -7.58M | -2.84M | 6.76M | -7.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.56M | 6.63M | 3.88M | 6.28M | 10.37M | 3.98M | Total Assets |
| 40.40M | 58.61M | 34.52M | 35.07M | 54.58M | 13.39M | Total Debt |
| 338.47K | 309.05K | 366.08K | 176.42K | 302.59K | 489.33K | Net Debt |
| -1.72M | -5.75M | -3.01M | -6.10M | -10.07M | -3.49M | Total Liabilities |
| 12.93M | 21.59M | 10.59M | 7.99M | 12.04M | 1.67M | Stockholders Equity |
| 27.46M | 37.03M | 23.94M | 27.08M | 42.53M | 11.72M |
| Cash Flow | Free Cash Flow | ||||
| -4.68M | -4.99M | -4.33M | -2.98M | -2.12M | -3.29M | Operating Cash Flow |
| -4.68M | -4.99M | -4.29M | -2.79M | -1.82M | -3.27M | Investing Cash Flow |
| 3.48M | 3.64M | 2.11M | -4.11M | -6.42M | -142.24K | Financing Cash Flow |
| 11.53M | 4.02M | -719.09K | 2.83M | 14.50M | ― |
DigitalX Limited Technical Analysis
DigitalX Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.28B | 10.16 | -6.88% | 2.97% | 7.41% | -8.93% | |
61 Neutral | $85.46M | ― | -11.11% | ― | 59.15% | -2.08% | |
42 Neutral | $45.89M | ― | ― | 83.89% | ― | ||
40 Underperform | $430.87M | ― | -133.28% | ― | 72.47% | 20.08% | |
39 Underperform | AU$44.60M | ― | -131.93% | ― | 15.31% | 61.52% |
DigitalX Limited Corporate Events
DigitalX Limited announced a change in the director’s interest, with Ieva Guoga acquiring an additional 1.3 million fully paid ordinary shares through on-market trades. This change increases her total holdings to 1,939,680 shares, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions.
DigitalX Limited announced the appointment of Leigh Daniel Travers as a director, effective May 16, 2025. Travers, through his company Leethal Pty Ltd, holds a significant interest in DigitalX, with 1,656,915 fully paid ordinary shares and 10,000,000 unlisted options. This appointment is expected to strengthen DigitalX’s leadership team and potentially influence its strategic direction in the blockchain and cryptocurrency industry.
DigitalX Limited has announced the appointment of Ieva Guoga as a new director, effective from May 16, 2025. Guoga holds 639,680 fully paid ordinary shares and 10,000,000 unlisted options, indicating a significant interest in the company. This appointment is expected to strengthen the company’s leadership team and potentially influence its strategic direction in the digital finance and blockchain sectors.
DigitalX Limited announced the issuance of 20,000,000 unquoted securities, specifically options expiring on May 16, 2030, with an exercise price of 10 cents each. This move could potentially enhance the company’s capital structure and provide additional resources for future growth, impacting its market positioning and offering potential benefits to stakeholders.
DigitalX Limited has announced the cessation of Davide Bosio as a director, effective May 16, 2025. This change in the board may impact the company’s strategic direction, as Bosio held significant interests through entities controlled by his spouse, including 2 million fully paid ordinary shares and 10 million unlisted options.
DigitalX Limited announced the cessation of Toby Hicks as a director, effective May 16, 2025. The notice details Hicks’ relevant interests in securities, which include holdings through Emboodhu Pty Ltd as trustee for the Hicks Family Trust, comprising 10,128,337 fully paid ordinary shares and 10,000,000 unlisted options. This change in directorship may impact the company’s governance and strategic direction, potentially affecting stakeholders’ interests.
DigitalX Limited has announced significant changes to its board, appointing Leigh Travers and Ieva Guoga as Non-Executive Directors. This move aligns with the company’s strategic shift towards acquiring and leveraging Solana, enhancing its position in the digital assets ecosystem. The new appointments bring valuable expertise in digital assets and blockchain, with Mr. Travers assuming the role of Chair. The company aims to generate revenue through Solana staking, marking a pivotal step in its operational strategy.
DigitalX Limited has announced a strategic partnership with SOL Strategies Inc., a Canadian Solana infrastructure provider, to enhance its Solana staking activities. This collaboration is expected to improve DigitalX’s staking yield and support sustained revenue growth, as it aligns with the company’s strategy of expanding its Solana exposure and optimizing returns from digital asset operations.
DigitalX Limited has announced its continued accumulation of Solana tokens as part of its digital asset treasury strategy. By acquiring 18,944 SOL, the company aims to generate additional revenue through staking, reflecting a strategic shift towards active blockchain participation and yield optimization. This move is expected to enhance DigitalX’s recurring revenues and support its goal of achieving profitability while participating in high-growth blockchain ecosystems.
DigitalX Limited has strategically increased its focus on blockchain infrastructure, particularly crypto asset staking, to generate stable, recurring revenue. This shift has resulted in staking activities becoming a significant contributor to the company’s revenue, with $318k earned in the March quarter. Concurrently, DigitalX has achieved a 23% reduction in operating costs through process optimization and targeted savings, enhancing its scalability and resilience. The company also continues to prioritize Bitcoin accumulation, adding 41.99 Bitcoin from the Mt Gox hacking event to its balance sheet.
DigitalX Limited reported a strategic expansion of its treasury with the addition of Solana, leading to a significant increase in staking revenues for the quarter ending March 2025. The company also reduced its operating expenditure by 23.6%, reflecting a streamlined approach to operations amidst volatile crypto markets. The DigitalX Bitcoin ETF showed strong performance, and the company successfully settled a Federal Court dispute, receiving Bitcoin and Bitcoin Cash. These developments position DigitalX to generate sustainable value from its digital asset strategies.
DigitalX Limited has announced that Gregory Albert Dooley has ceased to be a director of the company as of April 14, 2025. This change in the board could potentially impact the company’s strategic direction and governance, as Dooley held significant interests in the company, including 10,000,000 unlisted options and 2,995,302 fully paid ordinary shares.
DigitalX Limited announced the resignation of Non-Executive Director Greg Dooley, who has been acknowledged for his significant contributions, including his role as interim CEO in 2024. This change in the board may impact the company’s strategic direction and operations, reflecting potential shifts in leadership dynamics.
DigitalX Limited has reported its treasury holdings and fund information as of March 2025, with a total value of $63.8 million. The company maintains a significant portion of its treasury in Bitcoin, reflecting its strategy to focus on long-term value retention. The recent Executive Order by President Trump on the Strategic Bitcoin Reserve has reinforced Bitcoin’s status as a legitimate asset, potentially influencing broader institutional and governmental adoption. The DigitalX Bitcoin ETF saw a slight decline of 0.72% in March, yet digital assets outperformed the All Ordinaries Index.
DigitalX Limited has issued 972,807 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001, as part of its compliance with regulatory provisions. This move reflects the company’s ongoing efforts to maintain transparency and adhere to statutory requirements, potentially impacting its market positioning and stakeholder relations.
DigitalX Limited has announced the issuance of 972,807 ordinary fully paid shares as part of the redemption process for units from the DigitalX Fund, which was closed earlier this year. This move reflects the company’s strategic approach to managing its asset portfolio and could influence its market positioning by enhancing liquidity and shareholder value.
DigitalX Limited has received a distribution of 41.98 Bitcoin and 52.48 Bitcoin Cash from the Mt Gox Exchange administrators, valued at approximately AUD$5.72 million. This recovery marks a significant event for the company, adding to its Bitcoin reserves and supporting its strategy to generate revenue from its asset portfolio. The company is also entitled to receive 18,152,805 Japanese Yen, which will be converted into Australian Dollars for working capital.
DigitalX Limited has released an investor presentation for 2025, highlighting a dual investment opportunity. The presentation emphasizes the company’s focus on digital asset management and its role as an authorized representative for financial services. The announcement underscores the importance of understanding investment risks and the need for potential investors to consult financial advisers. This release may impact the company’s operations by reinforcing its position in the digital asset management industry and informing stakeholders about investment opportunities.
DigitalX Limited announced the issuance of 2,500,000 unquoted equity securities in the form of options expiring on March 7, 2027, with an exercise price of $0.10. This issuance, part of an employee incentive scheme, reflects the company’s strategy to incentivize its workforce and align their interests with organizational goals, potentially impacting its operational dynamics and stakeholder engagement.
DigitalX Limited announced the cessation of certain securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational and strategic decisions.
DigitalX Limited has reported a 36.3% increase in revenues and a 3% reduction in operational expenses for the half-year ending December 31, 2024, resulting in a reduced operating loss of $2.4 million compared to the previous year. The company continues to focus on narrowing its deficit and achieving a cashflow positive position, with ongoing revenue increases attributed to its staking activities.
DigitalX Limited reported a 36.3% increase in revenues from ordinary activities for the half-year ended 31 December 2024, reaching $1,741,521. Despite the revenue growth, the company experienced a loss of $2,441,691, which is a 4.4% improvement compared to the previous period. The net tangible assets per ordinary security also increased from 4.03 cents to 5.37 cents, indicating a stronger asset position. No dividends were declared during the period, and the financial statements were reviewed by auditors without any noted disputes or qualifications.