Digitalx Ltd
ASX:DCC

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Digitalx Ltd
ASX:DCC
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Price: 0.04 AUD Market Closed
Market Cap: 59.6m AUD

Digitalx Ltd
Investor Relations

DigitalX Ltd. engages in the development and provision of software applications. The company is headquartered in Perth, Western Australia. The firm's Principal activities include blockchain technology development and digital assets funds management. The firm operates through three segments: Blockchain consulting and development, Asset Management and Other. Blockchain consulting segment provides consulting, technical due diligence, solution design and development to businesses by utilizing distributed ledger solutions and blockchain technologies. Asset Management segment provides institutional investors access to the portfolio of digital assets. Other segment includes governance, finance, legal, risk management, company secretarial and management of the corporate entity. DigitalX is the investment manager of digital asset investment products that provides qualified investors with a secure and accessible way to gain digital asset exposures.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
May 2, 2023
AI Summary
Q3 2023

Record Revenue: DigitalX reported a record quarter for brokerage revenue in its Sell My Shares business, reaching $544,000, with 20% of that coming from its Deceased Estates focus.

Strong Fund Performance: The Bitcoin fund rose 69% and the DigitalX fund was up 47% for the quarter, thanks to a significant market rebound and timely investment decisions.

Strategic Partnerships: Key partnerships were launched, including with Automic and Bricklet, supporting product innovation like real-world asset tokenization and expanding customer reach.

Operational Excellence: The company has made substantial progress in cost reduction, process efficiency, and governance, with a streamlined monthly reporting timeline and tighter financial controls.

Product Innovation: Launched a prototype platform for real-world asset tokenization, aiming to disrupt traditional funds management and address housing affordability in Australia.

Cost Focus: Management continues to drive a cost-conscious culture, implementing new budgeting and ROI processes across the business.

Positive Outlook: DigitalX is focused on sustainable, recurring revenue growth, leveraging its five-year track record in crypto fund management and strengthening partnerships for future growth.

Key Financials
Sell My Shares Brokerage Revenue
$544,000
Deceased Estates Brokerage Revenue Share
20%
Bitcoin Fund Performance
Up 69%
DigitalX Fund Performance
Up 47%
ETH Staking Yield
4%
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Greg Dooley
Interim CEO & Director
No Bio Available
Mark Billington
Operations Manager
No Bio Available
Omer Mohammad
GM of DeFi & Technology
No Bio Available
Antonia Sherry
General Manager of Marketing
No Bio Available
Jaime Underdown
Interim Head of Funds
No Bio Available
Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP
Company Secretary
No Bio Available
Mr. Brett Anthony Mitchell B.Ec., MAICD
Corporate Advisor
No Bio Available

Contacts

Address
WESTERN AUSTRALIA
Perth
Se 1 L 2, 66 Kings Park Rd
Contacts
+61893221587.0
digitalx.com