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What Do They Do?

Manages a treasury of digital tokens tied to stablecoin infrastructure, targeting returns as that ecosystem grows.

How Do They Make Money?

Its current strategy aims to earn returns from appreciation of tokens tied to stablecoin infrastructure. In its earlier vehicle business, vehicle sales were counted when vehicles shipped, after-sales services and parts when provided, and shipping charges were billed to customers.

revenue
SegmentShareRevenue
Product
Sold outright

68%
FY2021: 90%
Service
Sold outright

31%
Shipping and Handling
1.7%

Do Revenues Turn Into Profits?

No. It lost $1.8M in FY2024.

Operating income, FY2024
−30382% of revenue
▼ −31% (Loss) vs FY2023 (−$28.2M, −5644%)
Net income, FY2024
−2753% of revenue
▼ −95% (Loss) vs FY2023 (−$34.2M, −6847%)
Free cash flow, FY2024
−21191% of revenue
▼ −52% (Loss) vs FY2023 (−$28.3M, −5677%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▼ −12% (Loss)
vs −$14.1M in Q2 FY2025
  • Apr 28, 2026 Agrees with Kopin to develop and commercialize GPU-to-GPU connectivity technology The agreement calls for a prototype; Fabric.AI has commercial-market rights, while Kopin retains public-sector and defense markets.

Shrinking. Revenue fell 96% in 4 years, from $1.6M in FY2020 to $63.8K in FY2024, about 55% a year.

From vehicles to digital assets The older report described designing and manufacturing compact electric vehicles for commercial uses; the latest describes a move away from vehicle operations toward digital-asset treasury management and marketable securities.

Revenue over time
Product Service Shipping and Handling Subscription Revenue Shipping Revenue Service Income Miscellaneous Income
$5M$2.5M$0

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