Q
QUANTUM X LABS INC.
QXLCIK 0000797542NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-19.29M
Total Assets
$10.76M
Equity
$4.99M
Shares Out
13.34M
Op. Cash Flow
$-2.77M
Business
Viewbix Inc. is a digital advertising platform that develops and markets technological solutions to automate, optimize and monetize online advertising campaigns. Its main products and services include browser add‑ons, desktop and mobile apps, search referral tools, an AI‑driven content platform, campaign management, BI and optimization, fraud detection, bidding and content monetization systems. The company operates through two primary segments: Gix Media’s Search Platform and Cortex’s Content Platform. It distributes products via browser stores, apps, third‑party content platforms, search engines and direct relationships with advertisers and publishers worldwide, with significant North American activity.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 2 | 5 | — | — | — | |
| Traffic-acquisition and related costs | 297,000 | 2 | 70 | 166,000 | 222,000 | |
| Research and development | 69,000 | 830,000 | 3 | 3 | 2 | |
| Selling and marketing | 100,000 | 309,000 | 3 | 2 | 1 | |
| General and administrative | 2 | 2 | 3 | 2 | 1 | |
| Depreciation and amortization | 848,000 | 813,000 | 3 | 3 | 2 | |
| Other expenses, net | 814,000 | 271,000 | — | — | — | |
| Operating loss | 2 | 837,000 | 7 | 3 | 541,000 | |
| Financial expense, net | 11 | 3 | 1 | — | — | |
| Loss from continuing operations, before taxes | 13 | 3 | 9 | 1 | 681,000 | |
| Income tax expense (benefit) | −39,000 | 131,000 | −66,000 | 153,000 | 90,000 | |
| Net loss from continuing operations | 13 | 4 | — | — | — | |
| Net loss from discontinued operations | 7 | 11 | — | — | — | |
| Net loss | 21 | 14 | 9 | 1 | 591,000 | |
| Less: net loss attributable to non-controlling interests | 2 | 2 | 1 | 1 | 291,000 | |
| Net loss attributable to shareholders of Viewbix Inc. | 19 | 12 | 7 | 28,000 | 300,000 | |
| Shareholders of Viewbix Inc. | 13 | 4 | — | — | — | |
| Non-controlling interests | — | — | — | — | — | |
| Shareholders of Viewbix Inc. | 6 | 8 | — | — | — | |
| Non-controlling interests | 2 | 2 | — | — | — | |
| Net loss per share from continuing operations - Basic attributed to shareholders | 1.58 | 0.8 | — | — | — | |
| Net loss per share from continuing operations - Diluted attributed to shareholders | 1.58 | 0.8 | — | — | — | |
| Net loss per share from discontinued operations - Basic attributed to shareholders | 0.69 | 1.89 | — | — | — | |
| Net loss per share from discontinued operations - Diluted attributed to shareholders | 0.69 | 1.89 | — | — | — | |
| Total net loss per share - Basic attributed to shareholders | 2.28 | 2.69 | 1.97 | 0 | 0.02 | |
| Total net loss per share - Diluted attributed to shareholders | 2.28 | 2.69 | 1.97 | 0 | — | |
| Weighted average number of shares - Basic | 8 | 4 | 4 | 15 | 15 | |
| Weighted average number of shares - Diluted | 8 | 4 | 4 | 15 | 15 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 24,000 | 2 | 4 | 5 | |
| Restricted deposits | 20,000 | 30,000 | 149,000 | — | — | |
| Accounts receivable | 315,000 | 557,000 | 11 | 21 | 16 | |
| Loan to parent company | — | 4 | 4 | 4 | — | |
| Other current assets | 299,000 | 775,000 | 771,000 | 973,000 | 1 | |
| Current assets of discontinued operations | — | 2 | — | — | — | |
| Total current assets | 2 | 8 | 18 | 30 | 29 | |
| Deferred taxes | 12,000 | 56,000 | 147,000 | 340,000 | 133,000 | |
| Property and equipment, net | 56,000 | 17,000 | 245,000 | 302,000 | 334,000 | |
| Financial assets measured at cost method | 600,000 | — | — | — | — | |
| Intangible assets, net | 2 | 2 | 12 | 15 | 8 | |
| Goodwill | 6 | 1 | 12 | 17 | 12 | |
| Non-current assets of discontinued operations | — | 11 | — | — | — | |
| Total non-current assets | 9 | 14 | 25 | 34 | 22 | |
| Total assets | 11 | 22 | 43 | 64 | 51 | |
| Accounts payable | 1 | 2 | 12 | 20 | 17 | |
| Short-term loans | 260,000 | 1 | 5 | 5 | 5 | |
| Current maturities of long-term loans | 781,000 | 3 | 1 | 2 | — | |
| Embedded derivatives | — | 29,000 | — | — | — | |
| Short-term convertible loans | 867,000 | 779,000 | — | — | — | |
| Other payables | 951,000 | 597,000 | — | — | — | |
| Current liabilities of discontinued operations | — | 5 | — | — | — | |
| Total current liabilities | 4 | 13 | 20 | 29 | 27 | |
| Long-term loans, net of current maturities | 586,000 | 496,000 | 3 | 3 | 4 | |
| Deferred taxes | 326,000 | 222,000 | 2 | 2 | 1 | |
| Earn-out liability | 793,000 | — | — | — | — | |
| Non-current liabilities of discontinued operations | — | 812,000 | — | — | — | |
| Total non-current liabilities | 2 | 2 | 5 | 5 | 6 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 10,670,392 and 5,296,945 shares as of December 31, 2025, and December 31, 2024, respectively . | 4,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Additional paid-in capital | 51 | 28 | 25 | 25 | 16 | |
| Accumulated deficit | −46 | −23 | −11 | −3 | −2 | |
| Equity attributed to shareholders of Viewbix Inc. | 5 | 6 | 15 | 22 | 14 | |
| Non-controlling interests | — | 2 | 4 | 8 | 5 | |
| Total equity | 5 | 8 | 19 | 30 | 19 | |
| Total liabilities and shareholders equity | 11 | 22 | 43 | 64 | 51 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation | 75,000 | 69,000 | 135,000 | 71,000 | −43,000 | |
| Deferred taxes | −68,000 | −40,000 | — | — | — | |
| Accrued interest, net | 23,000 | 33,000 | — | 67,000 | −135,000 | |
| Interest income | −63,000 | −160,000 | −87,000 | −143,000 | — | |
| Amortization of loan discounts | 38,000 | 59,000 | 9,000 | — | — | |
| Change in the fair value of financial liabilities at fair value through profit or loss (see note 12) | 10 | −11,000 | — | — | — | |
| Amortization of deferred debt issuance costs (see notes 11.D, 11.E, 11.F) | 632,000 | 152,000 | — | — | — | |
| Equity based debt issuance costs (see note 11.D) | — | 26,000 | — | — | — | |
| Loss from substantial debt terms modification (see note 11.C) | — | 2 | — | — | — | |
| Loss on sale and disposal of property and equipment | — | 73,000 | — | — | — | |
| Loss from termination of lease agreement | — | 8,000 | — | — | — | |
| Decrease in accounts receivable | 297,000 | 2 | 10 | −5 | 498,000 | |
| Decrease (increase) in other current assets | −153,000 | 319,000 | 202,000 | −52,000 | — | |
| Decrease in accounts payable | −1 | −372,000 | −7 | 3 | 2 | |
| Increase in other payables | 322,000 | 128,000 | −620,000 | 177,000 | −649,000 | |
| Net cash provided by (used in) operating activities from continuing operations | −3 | 1 | — | — | — | |
| Net cash from acquisition of a subsidiary (see appendix A) | 12,000 | — | — | — | — | |
| Net cash from deconsolidation of a subsidiary (see appendix B) | −163,000 | — | — | — | — | |
| Net cash used in investing activities from continuing operations | −151,000 | — | — | — | — | |
| Receipt of short-term bank loans | 8 | 935,000 | 1 | — | — | |
| Receipt of short-term convertible loans | 630,000 | 630,000 | — | — | 4 | |
| Repayment of short-term bank loans | −9 | −3 | −1 | — | — | |
| Receipt of a long-term bank loan (see note 11.B) | 2 | — | — | — | — | |
| Repayment of long-term bank loans | −4 | −510,000 | −2 | −1 | −230,000 | |
| Increase in loan to parent company | −4,000 | −69,000 | −123,000 | −1 | −199,000 | |
| Proceeds from issuance of shares and warrants in connection with 2024 Private Placement, net of issuance costs (see note 15.B) | — | 198,000 | — | — | — | |
| Proceeds from issuance of shares and warrants in connection with July 2025 Private Placement, net of issuance costs (see note 15.C) | 4 | — | — | — | — | |
| Proceeds from exercise of warrants | 2 | — | — | — | — | |
| Net cash provided by (used in) financing activities from continuing operations | 4 | −2 | — | — | — | |
| Net cash provided by (used in) operating activities from discontinued operations | −694,000 | 143,000 | — | — | — | |
| Net cash used in investing activities from discontinued operations | — | −1,000 | — | — | — | |
| Net cash provided by (used in) financing activities from discontinued operations | 170,000 | −670,000 | — | — | — | |
| Net cash used in discontinued operations | −524,000 | −528,000 | — | — | — | |
| Increase (decrease) in cash and cash equivalents and restricted cash | 356,000 | −1 | −2 | −1 | 2 | |
| Taxes paid | −8,000 | −123,000 | −663,000 | −928,000 | −381,000 | |
| Interest paid | −405,000 | −676,000 | −922,000 | −556,000 | −84,000 | |
| Total Cash paid during the period | −413,000 | −799,000 | −2 | −1 | — | |
| Deemed extinguishment and re-issuance of debt (see note 11.C) | — | 500,000 | — | — | — | |
| Termination of operating lease agreement (see note 6) | — | 389,000 | — | — | — | |
| Redemption of loan to parent company (see note 17) | 4 | — | — | — | — | |
| Conversion of loans into shares and warrants (see notes 11.D, 11.E, 11.F) | 922,000 | — | — | — | — | |
| Investment in shares received in connection with deconsolidation of Cortex (see note 8.B) | 600,000 | — | — | — | — |
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