DNA X Inc
sonimtech.comWhat Do They Do?
Runs an online cryptocurrency trading platform where individual traders buy, sell, swap currencies, and automate trading strategies.
10-K for FY2025, filed Apr 15, 2026We are a provider of crypto trading services to the public. Our services are available over the internet at www.dnax.us. We serve…View ↗
Our www.dnax.us website allows users to trade or swap certain cryptocurrencies for other cryptocurrencies or for cash equivalent…View ↗
Our platform allows anyone to set up an automated trading strategy and to buy one currency when the price ratio with another currency is…View ↗
How Do They Make Money?
The company sold phones and hotspots; its trading platform earns commissions deducted from traders’ transactions when each trade is completed.
10-K for FY2025, filed Apr 15, 2026The Company recognizes revenue primarily from the sale of its phones and hotspots and commission revenue from its DNA X trading platform.…View ↗
Our www.dnax.us website allows users to trade or swap certain cryptocurrencies for other cryptocurrencies or for cash equivalent…View ↗
Net revenue for an individual transaction is recognized when the trade is completed and the DNA X LLC receives the commission. The DNA X…View ↗
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10-K for FY2024, filed Mar 31, 2025
FY2024 revenue by product or service ↗
$58.3M
-
10-K for FY2024, filed Mar 31, 2025
$58.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2022, filed Mar 20, 2023 |
100%
FY2021: 100%
|
Product, FY2024
$58.3M Sources
|
Sold outright |
|
Service
Usage-based
|
<0.1%
FY2021: 0.2%
|
Service, FY2024
$8K Sources
|
Usage-based |
Who Are Their Customers?
Individual cryptocurrency traders around the world open accounts directly on the company’s website to buy, sell, or swap cryptocurrencies.
10-K for FY2025, filed Apr 15, 2026
Do Revenues Turn Into Profits?
No. It lost $33.6M in FY2024.
10-K for FY2025, filed Apr 15, 2026
−$3.1MView ↗
10-K for FY2025, filed Apr 15, 2026
−$33.6MView ↗
10-K for FY2025, filed Apr 15, 2026
−$8.7MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 19, 2026
−$1.2MView ↗
- ▼ −83% (Loss)
- vs −$7.5M in Q2 FY2025
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Aug 31, 2026
Nasdaq panel found the company back in compliance with its equity requirement
Its securities remain subject to delisting if it fails to maintain compliance through November 18, 2026; a panel monitor runs through August 28, 2027.
Sources
8-K, filed Aug 31, 2026
On August 28, 2026, DNA X, Inc. (the “Company”) received a letter from the Hearings Panel (the “Panel”) of The Nasdaq Stock Market LLC…View ↗
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May 27, 2026
Company reported it was out of compliance with Nasdaq's equity requirement
The company said its March 31, 2026 report showed a stockholders’ deficit of $983,000.
Sources
8-K, filed May 27, 2026
As previously disclosed, on August 22, 2025, the Company received a letter from the staff of the Nasdaq Listing Qualifications Department…View ↗
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Apr 30, 2026
Company changed its independent auditor
The audit committee dismissed Baker Tilly and engaged TAAD.
Sources
8-K, filed Apr 30, 2026
On April 27, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of DNA X, Inc. (the “Company”) dismissed Baker…View ↗
From devices to crypto trading
The earlier business centered on rugged and consumer durable mobile devices, sold mainly through wireless carriers and other distribution channels. The latest report describes an online cryptocurrency trading platform for individual traders and says the phone and hotspot assets were sold.
10-K for FY2022, filed Mar 20, 2023 10-K for FY2025, filed Apr 15, 2026
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