BANXA Holdings Inc (TSX-V:BNXA, OTCQX:BNXAF) founder and chairman Domenic Carosa tells Proactive's Stephen Gunnion that the company is working with its auditors to release its 2022 financial results as soon as possible after the delayed lodgement led to a trading halt of its shares.
Carosa says Banxa's general operations have not been affected, and the company has a “clear line of sight to profitability" in fiscal 2023, with more than 12 months of operating cash flow and significant new deals.
Additionally, the company holds no direct exposure to FTX, the cryptocurrency exchange that rival Binance has walked away from acquiring after it suffered from a liquidity crunch. The resultant volatility is good for Banxa's business, he adds.