Xylo Technologies Ltd.(XYLO)

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Xylo Technologies: Viewbix Shares to Begin Trading on Nasdaq
Globenewswire· 2025-06-05 13:21
TEL AVIV, Israel, June 05, 2025 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo” or the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Viewbix Inc. (Nasdaq: VBIX), a global developer of ad-tech innovative technologies, has received approval for its shares of common stock to be listed on the Nasdaq Capital Market. Viewbix, in which Xylo holds an indirect stake through its 45.74% ownership in Gix Internet Ltd. (“Gix Internet”), which i ...
Xylo Technologies Ltd.(XYLO) - 2024 Q4 - Annual Report
2025-04-30 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...
Xylo Technologies: Charging Robotics Successfully Installs Wireless EV Charging System in Automatic Parking Facility
Globenewswire· 2025-04-30 13:12
TEL AVIV, Israel, April 30, 2025 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo” or the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Charging Robotics, Inc. (OTC: CHEV) (“Charging Robotics”), a Delaware corporation (62.22% owned by Xylo), has successfully installed a system for wireless charging of electric vehicles with a leading supplier of robotic parking facilities. Following the installation, the system successfully demonstra ...
Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor
Globenewswire· 2025-04-10 13:26
Core Insights - Xylo Technologies Ltd. announced the commercial launch of the PORTO EV, an electric micro vehicle designed for last-mile delivery in Israel, marking its first global rollout [1][2] - The launch follows regulatory approval from the Israeli Standards Institute, indicating strong demand for sustainable delivery solutions [1][3] Company Overview - Xylo Technologies Ltd. is a technology company focused on innovative growth partnerships in advanced medical solutions, digital commerce, and electric vehicles [5] - The company holds a 62.22% stake in Charging Robotics, which owns 19.9% of Revoltz, the manufacturer of the PORTO EV [1][5] Product Details - The PORTO EV features high-volume cargo space, a full-day range on a single charge, and is license-free for users aged 16 and above under Israeli regulations [8] - Revoltz has delivered the first 50 units to its exclusive distributor in Israel as part of a $2.7 million distribution agreement, which includes an initial commitment of 150 vehicles in the first year [2][3] Market Context - The demand for compact electric vehicles is increasing, particularly in urban areas where noise, pollution, and congestion are significant concerns [4]
Xylo Technologies: Revoltz Wins 2025 TAIPEI CYCLE Award for Micro-Mobility Innovation
Globenewswire· 2025-04-09 12:17
TEL AVIV, Israel, April 09, 2025 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo” or the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (“Revoltz”), which is 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (“Charging Robotics”), a Delaware corporation quoted on the OTC Market (62.22% owned by Xylo), has been named a winner of the TAIPEI CYCLE d&i awards 2025, one of the most respected international honors for innovatio ...
Xylo Technologies: Revoltz Receives Israeli Standards Institute Approval for PORTO EV Micro Vehicle
Globenewswire· 2025-02-04 13:28
Core Insights - Xylo Technologies Ltd. announced that its affiliate Revoltz Ltd. received approval from the Israeli Standards Institute to sell and market the PORTO EV micro vehicle in Israel, marking a significant milestone for the company [1][6] Company Overview - Xylo Technologies Ltd. is a technology company focused on innovative growth partnerships in advanced medical solutions, digital commerce, and electric vehicle markets [7] - The company has a 63.7% ownership stake in Charging Robotics, which holds a 19.9% stake in Revoltz [1] Product Details - The PORTO EV is designed for last-mile delivery, featuring a robust design, long-range capabilities, and a storage capacity comparable to a small hatchback [3] - The vehicle allows riders as young as 16 to operate it without a driver's license, lowering barriers to adoption [2] Market Potential - Israel is recognized for its rapid adoption of innovative transportation technologies, making it an ideal market for the PORTO EV due to the growing demand for eco-friendly last-mile delivery solutions [4] - In 2023, Revoltz entered into a $2.7 million exclusive distribution agreement with a premier distributor in Israel, committing to purchase a total of 150 PORTO units in the first year [5]
Xylo Technologies Ltd.(XYLO) - 2023 Q4 - Annual Report
2024-04-22 20:02
Financial Performance - Total revenue for the year ended December 31, 2023, was $91,724, a slight decrease from $91,858 in 2022, with significant contributions from Gix Internet and Jeffs' Brands [269]. - Revenue from Jeffs' Brands increased to $10,008 in 2023 from $5,861 in 2022, reflecting a growth of approximately 70% [269]. - Revenue from Gix Internet was $79,613 in 2023, down from $83,532 in 2022, indicating a decrease of about 4% [269]. - Revenues for the year ended December 31, 2023, were $91,724 thousand, a decrease of $134 thousand or 0.1% compared to $91,858 thousand in 2022 [306]. - Gross profit for the year ended December 31, 2023, was $11,841 thousand, representing a decrease of $2,611 thousand compared to $14,452 thousand in 2022 [312]. - Operating loss for the year ended December 31, 2023, was $23,321 thousand, an increase of $9,537 thousand or 69.2% compared to $13,784 thousand in 2022 [321]. - Net loss for the year ended December 31, 2023, was $21,732 thousand, an increase of $11,524 thousand or 112.9% compared to $10,208 thousand in 2022 [326]. - For the year ended December 31, 2023, the company incurred a total comprehensive loss of approximately $21.8 million and a negative cash flow from operating activities of approximately $6.2 million [332]. - As of December 31, 2023, the company had an accumulated deficit of approximately $101.6 million [332]. Expenses - Research and development expenses for the year ended December 31, 2023, were $5,888 thousand, an increase of $667 thousand or 12.8% compared to $5,221 thousand in 2022 [314]. - Sales and marketing expenses for the year ended December 31, 2023, were $4,660 thousand, an increase of $288 thousand or 6.6% compared to $4,372 thousand in 2022 [315]. - Cost of revenues for the year ended December 31, 2023, was $79,883 thousand, an increase of $2,477 thousand or 3.2% compared to $77,406 thousand in 2022 [311]. - Equity losses for the year ended December 31, 2023, amounted to $4,107 thousand, an increase of $1,448 thousand or 54.5% compared to $2,659 thousand in 2022 [318]. Capital Expenditures - Capital expenditures for the years ended December 31, 2023, 2022, and 2021 were approximately $51,000, $74,000, and $141,000 respectively, primarily for network infrastructure and technology [241]. Share Capital and Investments - The company held 67% of Fuel Doctor's outstanding share capital as of December 31, 2023, with an option to increase holdings to 71% based on milestones [262]. - As of December 31, 2023, the company held 46.21% of Eventer's outstanding share capital, which focuses on online event management and ticketing [250]. - The company held 34.11% of Jeffs' Brands' outstanding share capital, which operates primarily on the Amazon platform [245]. - The company held 38.76% of Polyrizon's outstanding share capital, which specializes in protective biological gels [257]. - As of December 31, 2023, the company held 45.75% of Gix Internet's outstanding share capital, having increased its holdings through multiple investments [303]. Technology and Innovation - The company is pursuing opportunities to sell or license its MUSE technology, aiming for commercialization and organic growth [267]. - The company has terminated its MUSE technology distribution agreements to focus on securing licensing agreements, which may generate significant income in the short term [277]. - The company owns 13 U.S. patents and has two pending patent applications, along with 9 patents granted in other countries, including European patents [278][279]. - The company has engaged a contractor to identify and recommend business opportunities related to MUSE products and technology [277]. Market and Competitive Landscape - The competitive landscape includes major players such as Thrasio Holdings, Inc., Aterian, Inc., and Amazon in the consumer goods and e-commerce market [284][285]. - The healthcare industry is subject to extensive regulatory scrutiny, which may impact the company's operations and compliance efforts [288][290]. - Gix Internet's digital advertising industry shows a seasonal trend with higher activity in Q4 and lower activity in Q1, influenced by changes in large advertising budgets [275]. Compensation and Governance - Total compensation paid to the six highest compensated directors and officers for the year ended December 31, 2023, was approximately $1.3 million [367]. - Liron Carmel, the Chief Executive Officer, received a total compensation of $451,000, including a salary of $169,000, a bonus of $124,000, and equity-based compensation of $158,000 [364]. - Eliyahu Yoresh, the Chairman of the Board, received total compensation of $404,000, comprising a salary of $127,000, a bonus of $119,000, and equity-based compensation of $158,000 [364]. - The company reduced the compensation of Mr. Yoresh and Mr. Carmel by 20% effective June 2023 through December 2023 due to market conditions [373]. - The company has adopted a clawback policy as of September 28, 2023, in compliance with the SEC's proposed clawback listing standards [380]. - The company has entered into written agreements with executive officers that include provisions regarding non-competition and confidentiality [374]. - The company has adopted a new compensation policy for directors and officers, approved by shareholders on August 30, 2021, which must be reviewed every three years [405]. - The compensation policy aims to align the interests of directors and executive officers with long-term performance and includes measures to mitigate excessive risk-taking [413]. Audit and Compliance - The audit committee is comprised of three independent directors, all of whom meet the financial literacy requirements set by the SEC and Nasdaq [396]. - The audit committee is responsible for overseeing the accounting and financial reporting processes, including the effectiveness of internal controls [398]. - The company has opted out of the Companies Law requirements to appoint external directors, as long as it meets certain conditions, including not having a controlling shareholder [390]. - The compensation committee is tasked with recommending compensation policies and overseeing their implementation, ensuring compliance with the Companies Law [402]. - The company must maintain a minimum of one board member with financial and accounting expertise, as determined by the board of directors [388]. - The audit committee has the authority to demand any documents or information necessary to fulfill its responsibilities [399]. - The compensation committee is authorized to retain compensation consultants and advisors as deemed necessary [404]. - The internal auditor, Daniel Spira, is responsible for ensuring compliance with applicable laws and business procedures [423]. - Extraordinary transactions involving office holders require approval from the audit committee and the board of directors [435]. - Transactions with controlling shareholders require multiple levels of approval, including from the audit committee, board of directors, and shareholders [436].
Xylo Technologies Ltd.(XYLO) - 2023 Q2 - Quarterly Report
2023-06-30 20:12
Exhibit 99.1 HaNechoshet 10, Tel-Aviv, 6971072 Israel June 30, 2023 Dear Shareholder: You are cordially invited to attend the annual general meeting (the "Meeting") of the shareholders of Medigus Ltd. (the "Company"), to be held on Monday, August 7, 2023, beginning at 5:00 PM, Israel time (10:00 AM Eastern time), at the offices of Meitar | Law Offices, 16 Abba Hillel Silver Rd. Ramat Gan, Israel 5250608, or at any adjournments thereof. The Company's formal notice of the Meeting and the proxy statement for t ...
Xylo Technologies Ltd.(XYLO) - 2022 Q4 - Annual Report
2023-05-03 21:21
Financial Performance - Total revenue for 2022 was $91,858,000, a significant increase from $10,118,000 in 2021, with online advertising contributing $83,534,000[240]. - Revenues for the year ended December 31, 2022, were $91,858,000, representing an increase of $81,740,000 or 808% compared to $10,118,000 for the year ended December 31, 2021[275]. - Cost of revenues for the year ended December 31, 2022, was $77,406,000, representing an increase of $72,089,000 or 1,356% compared to $5,317,000 for the year ended December 31, 2021[279]. - Gross profit for the year ended December 31, 2022, was $14,452,000, an increase of $9,651,000 compared to a gross loss of $4,801,000 for the year ended December 31, 2021[280]. - Revenues from commissions in 2022 were $2,465,000, up from $1,185,000 in 2021, reflecting growth in this segment[240]. - The company incurred a net loss of $10,208,000 for the year ended December 31, 2022, a decrease of $14,254,000 or 352% compared to a profit of $4,046,000 for the year ended December 31, 2021[294]. Expenses - Research and development expenses for the year ended December 31, 2022, were $4,853,000, an increase of $3,808,000 or 364% compared to $1,045,000 for the year ended December 31, 2021[281]. - Sales and marketing expenses for the year ended December 31, 2022, were $4,006,000, an increase of $2,018,000 or 102% compared to $1,988,000 for the year ended December 31, 2021[282]. - General and administrative expenses for the year ended December 31, 2022, were $14,174,000, an increase of $4,210,000 or 42% compared to $9,964,000 for the year ended December 31, 2021[284]. Capital Expenditures and Investments - Capital expenditures for the years ended December 31 were approximately $74,000 in 2022, $139,000 in 2021, and $324,000 in 2020, primarily for network infrastructure and technology[212]. - The company has invested a total of $1,286,000 in Charging Robotics, which is developing an autonomous wireless charging system for electric vehicles[229]. - The company holds a 67% stake in Fuel Doctor following a share exchange transaction on April 7, 2023, with an option to increase holdings to 71%[217]. - The company currently holds 46.21% of Eventer Technologies, which focuses on online event management and ticketing, capitalizing on the growing demand for online communication[220]. - The company holds 40.35% of Parazero, which specializes in drone safety systems, and has made multiple investments in this area[235]. - The company increased its holdings in Gix Internet to 42.25% as of June 19, 2022, following multiple share purchases[272]. - The company participated in Jeffs' Brands IPO, acquiring 240,385 units, and currently holds 34.87% of its outstanding share capital[271]. Regulatory and Compliance - The company has structured its operations to comply with applicable legal requirements, although there is a risk of differing interpretations by governmental entities[258]. - The healthcare industry is subject to extensive regulation, with ongoing scrutiny from federal and state agencies regarding billing practices and marketing of healthcare products[257]. - The company has filed applications for patent registration in various countries to protect its intellectual property[307]. Compensation and Governance - Total compensation paid to the six highest compensated directors and officers for the year ended December 31, 2022, was approximately $1.2 million[341]. - Chief Executive Officer Liron Carmel received a total compensation of $449,000, including a salary of $216,000, a bonus of $102,000, and equity-based compensation of $133,000[338]. - Chief Financial Officer Tali Dinar's total compensation was $221,000, comprising a salary of $151,000, a bonus of $21,000, and equity-based compensation of $50,000[338]. - The company has granted options to purchase 1,212,500 Ordinary Shares to current executive officers and directors, with an average exercise price of NIS 6.78 per share[347]. - The company’s board of directors consists of four members, with staggered three-year terms for each class of directors[355][356]. - The audit committee consists of Mr. Eli Cohen, Mr. Eliyahu Yoresh, and Mr. Ronen Rosenbloom, with Mr. Eli Cohen as the chairperson[368]. - The compensation committee oversees the development and implementation of the compensation policy for directors and officers[376]. - The company has adopted a new compensation policy for directors and officers, approved by shareholders on August 30, 2021[379]. Future Outlook and Capital Requirements - The company may require additional capital beyond currently forecasted amounts, which may not be available on reasonable terms[300]. - The future capital requirements will depend on various factors, including revenue generated from current and future products and expenses incurred in selling and marketing[301]. - The company plans to seek additional sources of funds, including selling equity or entering into credit facilities[300].
Xylo Technologies Ltd.(XYLO) - 2021 Q4 - Annual Report
2022-04-29 20:02
Financial Performance - The company reported a significant increase in revenue, achieving $96.77 billion in the September quarter, marking a record for iPhone sales [110]. - The company reported a revenue of $1.5 billion for the last quarter, representing a 15% increase year-over-year [15]. - The company reported a net income of $300 million, a 10% increase compared to the same quarter last year [15]. - Operating margin improved to 25%, up from 22% in the previous quarter, reflecting better cost management [15]. - Cash reserves increased to $1 billion, providing a strong liquidity position for future investments [15]. User Growth and Market Expansion - User data showed a growth of 20% in active users, reaching 10 million users by the end of the quarter [15]. - Market expansion plans include entering three new international markets by the end of the year, projected to increase user base by 25% [15]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year [15]. Strategic Initiatives - The company completed a strategic acquisition of a smaller tech firm for $300 million, expected to enhance its product offerings [15]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience [15]. - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a growth of 7% to 13% [15]. Financial Challenges and Losses - As of December 31, 2021, the company had an accumulated deficit of $74.2 million and incurred an operating loss of approximately $9 million for the year [38]. - The company experienced total operating losses of approximately $9.8 million in 2021, $7.4 million in 2020, and $14.2 million in 2019 [36]. - The company anticipates continuing to incur significant losses for at least the next year [39]. - The company may need additional funding to sustain operations, with a negative cash flow from operating activities of approximately $5.2 million in 2021 [38]. - The company has a history of operating losses, which could adversely affect shareholder equity and working capital [36]. Regulatory and Compliance Risks - The company anticipates ongoing operational costs due to evolving data protection regulations, particularly the GDPR, which could impose fines of up to €20 million or 4% of global annual turnover for serious violations [52]. - The California Consumer Privacy Act (CCPA) became operative on January 1, 2020, requiring companies to provide new disclosures and data privacy rights to California consumers, potentially increasing compliance costs [54]. - The company is subject to various privacy laws and regulations that could lead to significant liability and affect user trust if compliance is perceived as inadequate [57]. Operational Risks - The company relies on key employees and skilled personnel, and failure to retain them could adversely impact operations [48]. - The company faces risks related to reliance on third-party suppliers for components, particularly miniature video sensors, which could disrupt operations if supply is compromised [70]. - ScoutCam's growth strategy involves rapid expansion, which may strain administrative and operational resources if not managed effectively [67]. Market and Competitive Risks - Eventer's business is highly sensitive to public tastes and relies on securing popular artists for events, which could affect revenue generation [93]. - Economic downturns may lead to reduced discretionary spending, adversely impacting Eventer's operating results [101]. - Eventer faces intense competition in the ticketing industry, which may hinder its ability to maintain or increase revenue [94]. Cybersecurity and Technology Risks - Cybersecurity threats are increasing, and any compromise of Eventer's security measures could lead to significant liabilities and reputational damage [111]. - The use of open source software poses potential legal risks, including litigation and the possibility of having to release proprietary code, which could benefit competitors [108]. International Operations and Legal Risks - Military instability in Israel may adversely affect the company's operations and results, as many employees are based there [157]. - The company is subject to annual regulatory audits to maintain quality system certifications, CE mark permissions, FDA Clearance, and Canadian medical device license [154]. - The company received AMAR approval in Israel for its medical device products, which are subject to extensive government regulations [155]. Shareholder and Market Considerations - The company has never declared or paid cash dividends on its securities and does not anticipate doing so in the foreseeable future, meaning returns must come from increases in the value and trading price of its securities [210]. - The issuance of additional Ordinary Shares or securities convertible into Ordinary Shares may have a dilutive effect on existing shareholders and adversely affect market prices [196]. - The ongoing conflict in Ukraine may result in market volatility that could adversely affect the company's stock price [215].