Latest Tokyo Brief coverage on FIXER Inc., tracking filings, financial news, and market signals from Japan.
TSE:5129
After a ¥2.302bn net loss and a ¥2.239bn operating cash outflow, FIXER says a material uncertainty over its going-concern basis remains, with a ¥1.547bn cost cut under way and financing talks still unsettled.
FIXER is canceling every remaining EVO FUND warrant, wiping out 2.76 million shares of potential dilution and walking away from ¥1.63bn of financing it says it no longer needs now that its Sovereign GaiXer product is finished and moving to a sales phase.
The Tokyo AI vendor's on-premise flagship missed its sales target by ¥920mn after a delayed sales rollout, deepening the operating loss to ¥2.44bn and prompting the board to weigh executive pay cuts.