EBZT
Everything Blockchain, Inc.0.1950
-0.0050-2.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.51MP/E (TTM)
2.44Basic EPS (TTM)
0.08Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Everything Blockchain's Q3 FY2025, ended October 31, 2024, showed no revenue from continuing operations, matching last year, as the firm pivots to AI and blockchain investments with all prior database and cybersecurity activities now discontinued. The net loss from discontinued operations widened to $17.4M from $1.7M year-over-year, driven by $16.4M in other expenses, while nine-month loss hit $19.9M versus $6.6M last year; diluted EPS fell to $(0.76) from $(0.12), consistent with 22.9M weighted shares. Cash stayed at zero, with $0.7M net financing inflows from $0.5M stock sales and $0.3M debt offsetting $0.1M repayments, leaving total debt around $1.6M including related-party notes at 4-14% rates maturing through April 2025. On November 22, 2024, it closed the sale of discontinued assets to DataRock for $3.3M in debt relief and liabilities assumption, plus capped 2.5% royalties. Stockholders' equity shrank to $0.7M from $18.6M. Yet defaults linger on some notes. Competition in nascent AI and crypto markets poses execution risks.
8-K
CFO resigns without dispute
8-K
Director resigns amicably
Everything Blockchain's board saw a shift on October 24, 2024, when director Craig Stephens resigned without any disagreements with management or committees. This departure leaves the board leaner amid the company's push into blockchain solutions. No successor named yet. Smooth exits like this keep operations steady.
8-K
Asset sale settles debts
Everything Blockchain sold its EBControl and BuildDB software assets to DataRock Technologies for $3.3 million on November 22, 2024, settling a $1.3 million defaulted note, assuming $1.1 million in vendor debt and $0.7 million in payroll obligations, plus $0.2 million prepaid royalties and a 2.5% future royalty stream. This deal clears key liabilities but triggers a $20 million impairment to goodwill and intangibles, set for the next 10-Q. Assets gone.
8-K
Key executives resign abruptly
Everything Blockchain's CEO Toney Jennings, Chairman Richard Schaeffer, and director Najwa Aaraj resigned on November 22, 2024, with the company accepting them effective December 31, 2024. No disagreements prompted the exits. Leadership shakeup leaves the board leaner. Interim arrangements remain undisclosed.
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