10-Q - Agentix Corp. (0001603345) (Filer)
Mon, Nov 18, 9:40 PM (88 days ago)
**Agentix Corp. (AGTX) 10-Q Summary for Q3 2024** For the quarter ending September 30, 2024, Agentix Corp. reported no revenue, maintaining a consistent trend from the previous year. The company incurred a net loss of $90,669, a decrease from $178,972 in Q3 2023, primarily due to reduced operating expenses, which fell to $93,010 from $353,155. Notably, professional fees and research and development costs decreased significantly, reflecting lower board and consulting fees. Cash as of September 30, 2024, was $6,345, down from $6,535 at the end of Q2 2024. The company faces substantial liquidity concerns, with total liabilities increasing to $3,006,736 from $2,666,594, leading to a stockholders' deficit of $2,836,776. The company’s ability to continue operations is in doubt, necessitating further funding to support ongoing operations and development plans. In terms of cash flow, Agentix reported a modest net cash inflow from operating activities of $4,979, contrasting with negative cash flow from operations in the previous year. The company has no off-balance sheet arrangements and is exploring avenues for equity and debt financing to address funding needs. Overall, the financial health remains precarious, with significant uncertainties ahead.