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Abaxx Technologies narrows Q3 net loss as trading volumes hit record highs on its commodity exchange.

Company Fundamentals
12 Nov 2026, 14:00 WIB
GlobeNewsWire
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Bullish
Abaxx Technologies narrows Q3 net loss as trading volumes hit record highs on its commodity exchange.

Abaxx Technologies reported a narrowed net loss of $20.4 million in Q3 2026, improving from $28.8 million in Q2, driven by record average daily trading volumes and open interest on its Abaxx Exchange. The company saw significant volume growth in futures contracts for LNG, gold, lithium carbonate, and silver, with new contracts launching soon to expand market reach. Abaxx ended the quarter with $68.1 million in cash, maintaining a strong financial position to support strategic priorities. The company plans to provide quarterly guidance on cash usage and operational milestones starting Q4 2026.

Abaxx Technologies Inc. reported a narrowed net loss of $20.4 million in Q3 2026, improving from $28.8 million in Q2, supported by record trading volumes on its exchange. For readers following the Financials sector, here is Pluang's market snapshot as of Nov 12, 2026 18:41 WIB: breadth showed 68 stocks rose and 62 fell among 142 priced US Financials stocks. Notable movers include BMNR at USD 18.31 with a 1-day change of -4.83% and 100% buy order activity, GLXY at USD 15.35 down 3.88% also with 100% buy orders, and CRCL at USD 64.56 down 3.81%, with a typical hold time of 14 days on Pluang.

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