DigitalX Limited
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About the company
Headquartered in West Perth, Australia, DigitalX Limited, originally incorporated in 1988, is a prominent provider of blockchain product development and digital asset management services. The company operates primarily through two divisions: Product Development and Asset Management. Its Product Development unit delivers comprehensive consulting, technical due diligence, and design and development services, focusing on cutting-edge blockchain, RegTech, and FinTech solutions for businesses.
- CEO
- Leigh Daniel Travers
- IPO
- 1999
- Employees
- 38
- HQ
- West Perth, WA, AU
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- Market Cap
- $40.19M
- P/E
- -5.63
- PEG
- 2.07
- P/S
- 7.94
- P/B
- 0.50
- EV/EBITDA
- -9.53
- Div Yield
- 0.00%
- Gross Margin
- 7.06%
- Op Margin
- -65.51%
- Net Margin
- -103.33%
- ROE
- -7.23%
- ROIC
- -3.74%
Latest fiscal year · YoY change
- Revenue
- $5.06M+40.2%
- Gross Profit
- $-826,128-434.8%
- Op Income
- $-2,845,721
- Net Income
- $-5,977,982-24.7%
- EPS
- $-0.01+3.3%
- OCF Growth
- +12.5%
- FCF Growth
- +12.5%
- 52W High
- $0.10
- 52W Low
- $0.02
- 50D MA
- $0.03
- 200D MA
- $0.04
- Beta
- 1.98
- RSI (14)
- 54
- Avg Volume
- 2.85M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
DigitalX reported record Sell My Shares revenue, strong gains in its digital asset funds, and progress on new tokenization and partnership initiatives while emphasizing tighter governance and cost discipline.· May 2, 2023
- Record Sell My Shares brokerage revenue of $544,000, with deceased estates contributing 20% of brokerage revenue.
- Automic integration was completed late in the quarter and first share sales were executed, with more sales expected as systems and data integration improve.
- Digital asset funds rebounded strongly: the Bitcoin fund was up 69% and the Digital X fund was up 47% for the quarter.
- Management highlighted a prototype for a real-world asset tokenization fund built with Bricklet and Blockflow, plus ongoing work with the ASX, Fireblocks, NAB, and UNSW research partner Unova.
- The company said it is prioritizing profitability, lower corporate costs, and more timely reporting, while maintaining an ESG/governance focus.
DigitalX did not provide company-wide revenue, EPS, or gross margin in the transcript. The clearest hard number disclosed was record Sell My Shares brokerage revenue of $544,000 for the quarter; deceased estates represented 20% of brokerage revenue. The Bitcoin fund was up 69% and the Digital X fund was up 47% during the quarter. Management said corporate costs were reduced in the financial year and that monthly ASX reporting has been streamlined from 23 days to the first business week of the month. For outlook, the company did not give quantified next-quarter or full-year revenue/EPS guidance, but said it expects Automic sales to tick up, wants to launch the real-world asset tokenization fund structure this quarter, and remains focused on sustainable recurring revenue and profitability.
CEO Lisa Wade framed the quarter as a proof point for execution on strategy, especially around governance, customer focus, and revenue generation. She repeatedly stressed “revenue, revenue, revenue” alongside “execution, execution, execution,” and said the team is building a more integrated business rather than separate businesses. Her tone was upbeat and confident, especially around partnerships such as Automic and Bricklet, the new tokenization platform, and the recovery in Bitcoin sentiment.
No separate CFO was present; Lisa Wade covered the financial commentary. She said the company has been driving costs lower while managing growth, with a reduction in corporate cost base in the financial year and a more robust financial hurdle rate for projects and partnerships called the “economic engine.” She also pointed to operational efficiency gains, including cutting ASX release timing from 23 days to the first business week of the month, and said every spend is now reviewed against budget and ROI.
There was no live analyst Q&A; the host said questions would be collected in chat and answered later by email, and the webinar ended after the presentation. The most important issues management addressed proactively were the Automic integration, which is still ramping as data and systems are completed, and the fact that Drawbridge sales remain low but could be expanded through the Automic customer base. Management also flagged that crypto markets still face regulatory headwinds, even as Bitcoin sentiment improved and the company benefited from moving cash back into the market early in the quarter.
The bullish case from this call is that DigitalX is showing tangible execution in both operating businesses and newer product initiatives. Revenue momentum in Sell My Shares, a successful Automic launch, and strong fund performance suggest the business is benefiting from better systems, better partnerships, and improving crypto sentiment.
The main risks are that several growth initiatives are still early and not yet fully reflected in revenue, especially Automic-driven sales, Drawbridge, and the real-world asset tokenization platform. Management also acknowledged regulatory headwinds in crypto and noted that some of the most exciting projects are still in prototype or proof-of-concept stages rather than scaled commercial businesses.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 65.2%
- Shares Outstanding
- 1.49B
- Float Shares
- 970.46M
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