A Business at a Glance
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ITEM 1. DESCRIPTION OF BUSINESS Overview and Recent Developments Viewbix Inc. (the “Registrant”, “Viewbix” or the “Company”) was incorporated in the State of Delaware on August 16, 1985, under a predecessor name, The InFerGene Company (“InFerGene Company”). On August 25, 1995, a wholly owned subsidiary of InFerGene Company merged with Zaxis International, Inc., an Ohio corporation, which following such merger, the surviving entity, InFerGene Company, changed its name to Zaxis International, Inc. (“Zaxis”). Our principal executive offices are located at 11 Derech Menachem Begin Street, Ramat Gan, Israel 5268104. Our website address is https://view-bix.com/ and our telephone number is + 972 9-774-1505. Information contained on, or that can be accessed through, our website does not constitute a part of this Annual Report and is not incorporated by reference herein. We have included our website address in this Annual Report solely for informational purposes.
| Metric | TTM | FY2023 | FY2022 | FY2019 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|
| Revenue | 80M | 80M | 97M | - | 0 | 0 |
| Net Income | -7.3M | -7.3M | 28K | -1.1M | -8.8M | -105K |
| EPS | $-1.96 | $-1.96 | $0.01 | $-8.96 | $-1,360.80 | $-16.80 |
| Free Cash Flow | 918K | 918K | 3.2M | -137K | -1.3M | -111K |
| ROIC | -39.8% | -41.0% | 1.9% | -344.9% | - | -189.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.64 | 0.36 | -1.14 | - | -1.43 |
| Dividends/Share | $0.00 | - | $0.02 | - | - | - |
| Operating Income | -7.5M | -7.5M | 2.7M | -1.0M | -8.7M | -99K |
| Operating Margin | -9.4% | -9.4% | 2.8% | - | - | - |
| ROE | -49.4% | -39.8% | 0.2% | - | - | - |
| Shares Outstanding | 4M | 4M | 4M | 0M | 0M | 0M |
| Metric | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2019 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | N/A | 97M | 80M | 80M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | N/A | -40K | -41K | -41K | -99K | -8.7M | -1.0M | 2.7M | -7.5M | -7.5M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.8% | -9.4% | -9.4% |
| Net Income | N/A | -47K | -51K | -51K | -105K | -8.8M | -1.1M | 28K | -7.3M | -7.3M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | -9.2% | -9.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1M | 5.1M |
| Returns on Capital | ||||||||||
| ROIC | N/A | N/A | N/A | N/A | -189.2% | N/A | N/M | 1.9% | -41.0% | -39.8% |
| ROE | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | -39.8% | -49.4% |
| ROA | N/A | N/A | N/A | N/A | -253.0% | N/A | -575.8% | 0.0% | -13.7% | -16.9% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 0 | 0 | 0 | -6K | -111K | -1.3M | -135K | 3.2M | 934K | 934K |
| Free Cash Flow | N/A | N/A | N/A | -6K | -111K | -1.3M | -137K | 3.2M | 918K | 918K |
| Owner Earnings | 0 | 0 | 0 | -6K | -111K | -1.3M | -136K | 357K | -2.2M | -2.2M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 58K | 16K | 16K |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 6K | 1K | 2.8M | 3.0M | 3.0M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 1K | 0 | 0 | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 6K | 1K | 2.8M | 3.0M | 3.0M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.8% | 1.7% | 1.7% |
| Capital Allocation | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73K | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 71K | 135K | 135K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 1.8M | 1.8M |
| Balance Sheet | ||||||||||
| Net Debt | N/A | N/A | N/A | 0 | N/A | N/A | N/A | 3.8M | 7.7M | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | 0 | N/A | N/A | N/A | 2.9M | 3.1M | 3.1M |
| Debt/Equity | -1.00 | -1.00 | -1.00 | 0.00 | -1.43 | N/A | -1.14 | 0.36 | 0.64 | 0.00 |
| Interest Coverage | N/A | -6.3 | -4.0 | -4.0 | -17.7 | -285.1 | N/A | 4.9 | -7.5 | -7.5 |
| Equity | -144K | -177K | -227K | -279K | -96K | N/A | -1.7M | 22M | 15M | 15M |
| Total Assets | 0 | 0 | 0 | 0 | 42K | N/A | 230K | 64M | 43M | 43M |
| Total Liabilities | 144K | 177K | 227K | 279K | 138K | N/A | 1.9M | 29M | 20M | 20M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 33M | 25M | 25M |
| Retained Earnings | -251K | -298K | -349K | -400K | -105K | N/A | -15M | -3.3M | -11M | -11M |
| Working Capital | N/A | N/A | N/A | N/A | -98K | N/A | -1.7M | 1.3M | -2.0M | -2.0M |
| Current Assets | 0 | 0 | 0 | 0 | 40K | N/A | 225K | 30M | 18M | 18M |
| Current Liabilities | 109K | 177K | 227K | 279K | 138K | N/A | 1.9M | 29M | 20M | 20M |
| Per Share Data | ||||||||||
| EPS | N/A | -185.65 | -200.99 | -75.93 | -16.80 | -1,360.80 | -8.96 | 0.01 | -1.96 | -1.96 |
| Owner EPS | 0.00 | 0.00 | 0.00 | -8.80 | -17.71 | -203.32 | -1.09 | 0.10 | -0.58 | -0.58 |
| Book Value | -570.26 | -700.41 | -901.40 | -411.85 | -15.37 | N/A | -13.58 | 5.96 | 3.97 | 3.97 |
| Cash Flow/Share | N/A | N/A | N/A | -8.80 | -17.70 | -202.31 | -1.08 | 0.88 | 0.25 | -1.17 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.02 | N/A | 0.00 |
| Shares Out. | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.1M | 3.7M | 3.7M | 3.7M |
| Valuation | ||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 301.0 | N/A | -1.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.7 | 1.8 | 7.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.5 | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 | 0.1 | 0.5 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2 | 0.1 | 0.1 |
| FCF Yield | N/A | N/A | N/A | -1.2% | -0.7% | -12.0% | -28.0% | 37.7% | 54.4% | 12.9% |
| Market Cap | N/A | N/A | 203K | 500K | 17M | 11M | 489K | 8.4M | 1.7M | 7.1M |
| Avg. Price | N/A | N/A | 3,444.78 | 1,230.67 | 1,307.05 | 1,823.47 | 55.19 | 4.45 | 2.84 | 1.90 |
| Year-End Price | N/A | N/A | 806.40 | 739.20 | 2,688.00 | 1,680.00 | 3.92 | 2.28 | 0.45 | 1.90 |
Viewbix Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 30.9x vs a median of 2.2x. At current prices, the estimated annualized return to fair value is -37.4%.
Viewbix Inc. (VBIX) has a 5-year average return on invested capital (ROIC) of -76.1%. This is below average and may indicate limited pricing power.
Viewbix Inc. (VBIX) has a market capitalization of $7M. It is classified as a small-cap stock.
Viewbix Inc. (VBIX) does not currently pay a regular dividend.
Viewbix Inc. (VBIX) operates in the Services-Prepackaged Software industry, within the Technology sector.
Viewbix Inc. (VBIX) reported annual revenue of $80 million in its most recent fiscal year, based on SEC EDGAR filings.
Viewbix Inc. (VBIX) has a net profit margin of -9.2%. The company is currently unprofitable.
Viewbix Inc. (VBIX) generated $918 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Viewbix Inc. (VBIX) has a debt-to-equity ratio of 0.64. This indicates moderate leverage.
Viewbix Inc. (VBIX) reported earnings per share (EPS) of $-1.96 in its most recent fiscal year.
Viewbix Inc. (VBIX) has a return on equity (ROE) of -39.8%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 9 years of financial data for Viewbix Inc. (VBIX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Viewbix Inc. (VBIX) has a book value per share of $3.97, based on its most recent annual SEC filing.