QXL
QUANTUM X LABS INC.
Next earnings ≈ Aug 13, 2026 · est. from filing cadence
$5.67
▲ +1.43%$5.67▲ +49.21%
over 1Y
L $1.04H $6.85
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.4%
1W-3.7%
1M+18.9%
3M+171.3%
YTD+245.7%
1Y+49.2%
Avoid
Conviction
Horizon
Medium (3–12mo)
Going-concern digital-ad shell with collapsing revenue, deepening losses, ~$1M cash and heavy dilution — uninvestable at any price.
Net income -$19.3M · FY2025
The read
It screens cheap (~192% below fair value), but the weak fundamentals are why — more potential value trap than bargain.
Despite the "Quantum X Labs" name, the 10-K reveals a tiny Israel-linked digital-advertising business (Viewbix/Gix Media) whose search platform depends overwhelmingly on a single "Gix Major Customer." The auditor (Deloitte network) issued an explicit going-concern paragraph — substantial doubt about the company's ability to continue operating — and management itself flags that it 'may not be able to generate enough cash flow to meet our debt obligations or fund our other liquidity needs.' That is the dominant fact here, and it overrides any apparent cheapness.
The numbers corroborate the distress. Revenue went from a $96.6M peak in FY2022 to $79.6M (FY2023) to $26.9M (FY2024, -66.2%), with FY2025 revenue not even available in the data. Net income has marched the wrong way every year: +$300K (FY2021) → +$28K (FY2022) → -$7.32M → -$12.1M → -$19.3M (FY2025). Operating cash flow is -$2.77M against just $1.02M of cash, and current assets of $1.65M sit below current liabilities of $4.06M — negative working capital (current ratio ~0.41). Accumulated deficit is -$46.0M, gross margin is effectively zero (0.2%), and net margin is -71.6%. R&D has been gutted to $69K (-91.7%), so a 'prepackaged software' company is no longer meaningfully investing in product.
Is QXL a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~60d expiry
- Long put 5.5 @ ~0.74 est
- Short put 5 @ ~0.50 est
debit $24max +$26max −$24BE 5.26
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $45.2M | $96.6M | $79.6M | $26.9M | — |
| Gross profit | $41.0K | — | — | — | — |
| Operating income | $541K | $2.73M | -$7.47M | -$837K | -$2.18M |
| Net income | $300K | $28.0K | -$7.32M | -$12.1M | -$19.3M |
| Diluted EPS | — | $0.00 | $1.97 | $2.69 | $2.28 |
| Net margin | 0.7% | 0.0% | -9.2% | -44.7% | — |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$76.0M
EV / EBITDA—
EV / Sales2.8
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-25.5%
FCF yield-3.7%
Quality & risk
ROIC (est.)-27.1%
Free cash flow-$2.77M
Total debt$1.37M
Net cash-$349K
Altman Z-Score42.10 safe
Piotroski F-Score2/9
Capital returns
Buyback yield—
Dividend yield (est.)0.2%
Shareholder yield0.2%
Shares Δ YoY+151.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Other event2026-05-29
Item 8.01 other-event disclosure with exhibits; specific impact unspecified
- 8-K Officer / director change2026-05-15
Item 5.02 leadership change: officer/director departure or appointment
- 8-K Other event2026-05-14
Q1-26 results under going-concern doubt; revenue keeps sliding
- 10-Q Quarterly report2026-05-14
Q1-26 results under going-concern doubt; revenue keeps sliding
- 8-K Charter / bylaws change2026-04-30
Item 5.03 charter/bylaw amendment plus Reg FD and other-event items
- 8-K Reg FD disclosure2026-04-21
Reg FD (7.01) and other-event press release; no financial detail given
- S-3 Shelf registration (potential raise)2026-04-07
Filed S-3 shelf to register securities for future sale; dilution overhang
- 10-K Annual report2026-03-27
FY25 10-K: going-concern doubt, net loss widened to $19.3M, revenue down
- 8-K Material agreement2026-01-02
Entered material agreement and sold unregistered equity (dilutive financing)
Recent filings
all on EDGAR ↗SEC STAFF ACTIONFiling2026-06-29open ↗4Period ending 2026-05-312026-06-01open ↗4Period ending 2026-05-312026-06-01open ↗3Period ending 2025-09-252026-06-01open ↗3Period ending 2025-09-252026-06-01open ↗3Period ending 2026-05-282026-06-01open ↗8-KPeriod ending 2026-05-282026-05-29open ↗8-KPeriod ending 2026-05-142026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗10-QPeriod ending 2026-03-312026-05-14open ↗
Frequently asked
- Is QUANTUM X LABS INC. (QXL) a buy?
- QXL currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Going-concern digital-ad shell with collapsing revenue, deepening losses, ~$1M cash and heavy dilution — uninvestable at any price.
- What is QXL's fair value?
- A Modified-Graham model based on QXL's SEC fundamentals estimates a fair value of about $16.57. It is an estimate from reported earnings, not a price target.
- Is QXL overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, QXL currently appears undervalued relative to its SEC-grounded earnings power.
- What is QUANTUM X LABS INC.'s quality score?
- QXL scores 50.43213893139643/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000797542, latest 10-Q filed 2026-05-14) · EODHD · Proprietary analysis · as of 6/30/2026, 12:44:54 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 30, 2026, 8:44 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.