Karbon-X Revenue Soars 1,670% to $55.9M in First Full Year of Carbon Trading
KARX sits 15% above its 52-week low of $0.13.
Summary
Karbon-X reported fiscal 2026 revenue of $55.9 million, up 1,670% from $3.16 million, driven by its first full year of large-scale carbon credit trading. Gross profit was only $0.86 million, reflecting a shift to high-volume, lower-margin trading. The company converted $7.0 million of convertible notes into 10.6 million shares, reducing debt but adding dilution. This follows the 10-K filed September 15, which disclosed going concern doubt and extreme customer concentration. The revenue surge is dramatic, but the razor-thin margins and prior going concern warning temper the positive read. Watch for fiscal 2027 progress on higher-margin project development and credit issuances.
At the time of this announcement, KARX was trading at $0.15 on OTC in the Trade & Services sector, with a market capitalization of approximately $14.8M. The 52-week trading range was $0.13 to $2.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.