NFTM Research | Milton Maxwell

NFTM

The NFT Marketplace, Inc.

0.0458

+0.0000+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

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

9.21M

P/E (TTM)

Basic EPS (TTM)

-0.37

Dividend Yield

Recent Filings

10-Q

Q2 FY2013 results

12/1/23Dec 1, 2023

Buildablock Corp, a development-stage outfit, posted zero revenue for Q2 FY2013 ended May 31, 2013, with operating loss narrowing to $193,080 from $402,894 a year earlier, thanks to lighter admin spending while ramping R&D to $54,300. Over the first half, the $468,976 operating loss edged up from $545,515 in H1 2012, driven by higher development costs post the March 2012 acquisition of Buildablock assets for $10,000 in stock. Cash dwindled to $90,301 by quarter-end, after $271,455 burned on operations, leaving no fresh financing in sight. Net loss matched operating loss, with no non-operating drags. No free cash flow or non-GAAP metrics disclosed in the 10-Q. Competition in e-commerce could stall adoption.

10-K

FY2012 results

12/1/23Dec 1, 2023

Buildablock Corp. reported no revenues for FY2012 ended November 30, 2012, a 100% drop from $134,422 in FY2011, following the April 2012 sale of its Valtech subsidiary for $1, marking a pivot to development-stage operations with the March acquisition of Buildablock e-commerce assets valued at $10,000. The year saw a $1.4 million operating loss from continuing operations, driven by $1.1 million in administrative expenses up 161% year-over-year due to non-cash compensation, while discontinued operations delivered a $2.6 million gain, yielding net income of $1.2 million or $0.07 per diluted share on 17.8 million shares. Post-Valtech, the May-to-November development period incurred a $1.0 million loss amid platform development, funded by $1.5 million in private placement equity raising cash to $362,007 by year-end. No quarterly breakdowns disclosed, but momentum hinges on launching the group-buying site in January 2013. Liquidity rests on that cash with no debt, yet ongoing losses signal funding needs. Substantial doubt lingers over going-concern viability without revenue ramp-up.

10-Q

Q2 FY2013 results

12/1/23Dec 1, 2023

Buildablock Corp, a development-stage outfit, posted zero revenue for Q2 FY2013 ended February 28, 2013, while ramping up research and development to $75,700 from nothing a year earlier, driving an operating loss of $275,896—up 78.5% y/y (derived)—and net loss of the same, as interest expense vanished post-Valtech sale. Administrative costs climbed to $200,196, reflecting platform buildout after acquiring Buildablock Assets for $10,000 in stock on March 7, 2012. Cash dwindled to $196,960 from $362,007 q/q, with operating cash burn at $164,858; no capex means free cash flow matches that outflow. No debt burdens the balance sheet, but liquidity tightens. Competition in e-commerce group buying looms large.

10-Q

Q3 FY2012 results

10/15/12Oct 15, 2012

Buildablock Corp, now in development stage after selling its prior telecom unit, posted no revenue for Q3 FY2012 ended August 31, 2012, with operating loss widening to $449,659 from $28,525 a year earlier, driven by $164,768 in research and development plus $284,891 in administrative costs for platform buildup. Overall nine-month net income hit $1.6M, boosted by a $2.6M gain from the April 2012 Valtech disposal, yet continuing operations lost $995,174 year-over-year (derived). Cash stood at $777,692, fueled by $1.5M in stock sales, with free cash flow not disclosed in the 10-Q. The March 2012 Buildablock assets buy closed for $10,000 in stock, recognizing $10,000 intellectual property. Competition in e-commerce group buying poses adoption risks.

8-K

CFO resigns; CEO takes interim role

10/4/12Oct 4, 2012

Buildablock Corp. saw its CFO, Daniel J. Krofcheck, resign effective September 30, 2012, prompting the board to appoint President and CEO Gary Oberman as interim CFO starting October 4. Oberman, 49, brings a track record from leading WCCL Networks to 1,000,000 paid downloads and co-founding Budget Conferencing for a multi-million sale. This dual-role setup tests leadership bandwidth. No succession timeline disclosed.

About

The NFT Marketplace, Inc. operates as an Internet and mobile service platform. The company addresses a need in social networking, and concentrates on the neighborhood as the origin point. It also operates DealWink engine, an e-commerce platform that combines group buying, couponing, and price aggregation. The company, through its proprietary model of consumer-directed group buying, allows consumers to decide what products they wish to receive deals on through a simple click and post method. It also provides automated tools that negotiate the deal on behalf of the consumer to maximize the group deal. The company was formerly known as Buildablock Corp. and changed its name to The NFT Marketplace, Inc. in August 2024. The NFT Marketplace, Inc. was founded in 2008 and is based in Montreal, Canada.

IPO

5/9/2007

Website

https://www.buildablock.com

Employees

Sector

Financial Services

Industry

Shell Companies