Arax Holdings Corp
What Do They Do?
Provides software and logistics services to a South African company and develops blockchain platforms and digital financial services for businesses, government entities and other organizations.
10-K for FY2024, filed Jun 10, 2026The Company has operations from a continuing business providing software and logistics services to a company in South Africa. The Company…View ↗
Our revenue model is centered on subscription fees and transaction fees derived from our BaaP solutions, including software subscriptions…View ↗
Scaling Blockchain Solutions: We are prioritizing the commercialization of our Trade Finance platform and age verification services, with…View ↗
How Do They Make Money?
Software and logistics services for a South African client generate revenue; the company also charges BaaP subscription fees for platform access over the subscription term and transaction fees when transactions are processed. Customers pay for tailored software and implementation as work progresses or on acceptance and go-live.
10-K for FY2024, filed Jun 10, 2026The Company has operations from a continuing business providing software and logistics services to a company in South Africa. The Company…View ↗
Arax Holdings Corp. (the “Company”, “we”, “our”, or “us”) was incorporated under the laws of the State of Nevada on February 23, 2012. Our…View ↗
Revenue Model: Revenue is primarily derived from subscription fees for platform access (recognized ratably over the subscription term) and…View ↗
Use Cases: The Company develops tailored solutions, known as Use Cases, which can incorporate both physical inventory and software…View ↗
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10-K for FY2024, filed Jun 10, 2026
FY2024 revenue by product or service ↗
$311.9K
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10-K for FY2024, filed Jun 11, 2026
$311.9K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Baa P Software Modules
|
17% |
Baa P Software Modules, FY2024
$101.3K Sources
|
|
|
Consulting And Integration Services
Sold outright
10-K for FY2024, filed Jun 10, 2026 |
13% |
Consulting And Integration Services, FY2024
$81K Sources
|
Sold outright |
|
Subscription Services
Recurring
|
3.3% |
Subscription Services, FY2024
$20.3K Sources
|
Recurring |
|
Software And Logistics Services
|
67% |
Software And Logistics Services, FY2024
$411.1K Sources
|
Who Are Their Customers?
The company provides software and logistics services to a company in South Africa; its blockchain platform and tailored solutions serve enterprise clients, government partners and other entities.
10-K for FY2024, filed Jun 10, 2026The Company has operations from a continuing business providing software and logistics services to a company in South Africa. The Company…View ↗
Our revenue model is centered on subscription fees and transaction fees derived from our BaaP solutions, including software subscriptions…View ↗
The Company provides a range of services through various formats, including subscription-based access to browser- based software platforms.…View ↗
10-K for FY2024, filed Jun 10, 2026
For the year ended October 31, 2024, three customers accounted for approximately 100% of total revenue (Gut Moravia 49%, Fashion 57 Ave…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.6M in FY2024.
How Are They Changing?
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Jul 27, 2026
Company replaces its independent auditor
The board dismissed Fruci & Associates II and engaged Shah Teelani & Associates as the new independent auditor.
Sources
8-K, filed Jul 27, 2026
On July 22, 2026, the Board of Directors of Arax Holdings Corp. (the “Company”) dismissed Fruci & Associates II, PLLC (“Fruci”) as the…View ↗
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Jun 11, 2026
Company completes a restatement of prior financial reports
Arax said the work covered some financial reports in its 2023 Form 10-K and accompanied the filing of its 2024 annual report.
Sources
8-K, filed Jun 11, 2026
Despite these extraordinary circumstances, ARAX successfully completed and filed its 2024 Form 10-K on June 10, 2026. The Company also…View ↗
Shrinking.
Revenue fell 66% in 1 year, from $909.2K in FY2023 to $311.9K in FY2024, about 66% a year.
10-K for FY2024, filed Jun 11, 2026
From acquisition plan to operating services
The older report describes a plan centered on acquisitions and joint ventures; the latest describes a software and technology holding company with operating software and logistics services and blockchain-based products.
10-K for FY2021, filed Feb 7, 2022 10-K for FY2024, filed Jun 10, 2026We have been dormant from May 2005 through October 31, 2020. As of the date of this Report, we intend to engage in what we believe to be…View ↗
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