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World Scan Project Inc

world-scan-project.com

What Do They Do?

Sells cryptocurrency mining rigs to customers and SkyFight-X drones to drone-racing operator Drone Net, while developing other industrial automation products.

How Do They Make Money?

Customers pay for cryptocurrency mining rigs when the rigs are delivered and customers complete their inspection.

FY2024 revenue

Who Are Their Customers?

The company sells cryptocurrency miners to customers and outsources ZEXABOX sales activities to marketing companies in Japan. Drone Net is the only customer identified for SkyFight-X and markets that drone.

Do Revenues Turn Into Profits?

No. It lost $768.4K in FY2024.

Operating income, FY2024
2% of revenue
▲ Now profitable vs FY2023 (−$5.5M, −1904%)
Net income, FY2024
−3% of revenue
▼ −78% (Loss) vs FY2023 (−$3.4M, −1186%)

How Are They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Jul 31, 2025
Revenue
▼ −25%
vs $2.1M in Q3 FY2024
Net income
▼ −41% (Loss)
vs −$859.9K in Q3 FY2024

Growing. Revenue grew 5.1x in 4 years, from $5M in FY2020 to $25.2M in FY2024, about 50% a year.

Broader product range The older report focused on small drones; the latest describes a wider industrial-automation business and includes cryptocurrency miners among the products sold.

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