Sysorex, Inc. (SYSX) Stock Analysis
DELISTED 2026
What happened to Sysorex, Inc. (SYSX) stock?
Sysorex, Inc. (SYSX) no longer trades on public markets. It was delisted in April 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Sysorex, Inc. (SYSX) trades at $0.0001. Sysorex, Inc. specializes in Ethereum mining, blockchain solutions, and IT services, catering to enterprise asset management and government sectors. Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for SYSX: SYSX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SYSX against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Sysorex, Inc. (SYSX) Financial Services Profile
Sysorex, Inc. focuses on providing Ethereum mining, blockchain, and IT solutions, serving both enterprise and government clients. The company operates its own cryptocurrency mining infrastructure and resells IT products and services. With a negative profit margin and trading on the OTC market, SYSX presents a high-risk, high-reward profile.
What Is the Investment Thesis for SYSX?
Sysorex, Inc. presents a speculative investment opportunity given its involvement in the volatile cryptocurrency market and its OTC listing. The company's negative profit margin of -70.4% and a beta of -7.27 indicate high risk. Growth catalysts include potential expansion of its Ethereum mining operations and increased adoption of its blockchain solutions. However, the company's financial performance and OTC status necessitate careful due diligence. Investors should closely monitor the company's ability to achieve profitability and navigate the regulatory landscape surrounding cryptocurrency.
Based on FMP financials and quantitative analysis
SYSX Key Highlights
Market capitalization of $0.00B, reflecting the company's small size and early stage.
- Negative P/E ratio of -0.00, indicating the company is currently not profitable.
- Profit margin of -70.4%, highlighting significant challenges in achieving profitability.
- Gross margin of 30.3%, suggesting potential for improved profitability with better cost management.
- Beta of -7.27, indicating a high degree of volatility and inverse correlation with the market.
Who Are SYSX's Competitors?
SYSX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| WDBG Woodbrook Group Holdings Inc. | $0.50 | +0.00% | 57 | |
| FDCT FDCTech, Inc. | $3.08 | -11.75% | $13.0M | 61 |
| CBTTF Cathedra Bitcoin Inc. | $0.46 | +25.16% | $13.4M | 56 |
| BBKCF BIGG Digital Assets Inc. | $0.05 | -6.09% | $16.5M | 62 |
| GSIW Garden Stage Limited provides financial services in Hong Kong, including securities dealing and brokerage, underwriting and placing, and asset management. The company | $16.80 | -0.74% | $23.7M | 61 |
| PLUT Plutus Financial Group Limited | $2.64 | -2.94% | $40.5M | 53 |
| STGC StartEngine Crowdfunding, Inc. | $0.15 | -94.83% | $113M | 61 |
| GEVI General Enterprise Ventures, Inc. | $9.08 | +8.61% | $159M | 56 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SYSX's Key Strengths?
Expertise in Ethereum mining and blockchain technology.
- Proprietary cryptocurrency mining infrastructure.
- Established relationships with government clients.
- Diversified revenue streams from mining, IT services, and product reselling.
What Are SYSX's Weaknesses?
Negative profit margin and lack of profitability.
- High volatility due to exposure to the cryptocurrency market.
- Limited financial resources and small market capitalization.
- OTC listing, which may limit investor access and liquidity.
What Could Drive SYSX Stock Higher?
Expansion of Ethereum mining operations to increase revenue.
- Increased adoption of blockchain solutions by enterprises and governments.
- Potential strategic partnerships with technology providers within 12-18 months.
- Securing government contracts for IT and blockchain services.
- Development and launch of proprietary blockchain applications within 18-24 months.
What Are the Key Risks for SYSX?
Financial-distress signal — its Altman Z-Score of -14.68 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Fluctuations in cryptocurrency prices impacting mining profitability.
- Increasing competition in the blockchain and IT services markets.
- Changes in government regulations regarding cryptocurrency mining and blockchain technology.
- Cybersecurity risks associated with cryptocurrency mining and blockchain applications.
- Limited liquidity due to OTC Other listing.
What Are the Growth Opportunities for SYSX?
- Expansion of Ethereum Mining Operations: Sysorex can increase its revenue by expanding its Ethereum mining operations. The global cryptocurrency mining market is projected to reach $2.15 billion by 2028, growing at a CAGR of 12.1% from 2021. Investing in more efficient mining hardware and optimizing data center operations could significantly boost Sysorex's mining revenue. Timeline: Ongoing.
- Increased Adoption of Blockchain Solutions: Sysorex can capitalize on the growing demand for blockchain solutions by offering tailored services to enterprises and government agencies. The global blockchain market is expected to reach $69.04 billion by 2027, growing at a CAGR of 68.4% from 2020. Developing secure and scalable blockchain applications for supply chain management, identity verification, and data security could attract new clients. Timeline: Ongoing.
- Strategic Partnerships with Technology Providers: Collaborating with established technology providers can enhance Sysorex's service offerings and expand its market reach. Partnering with cloud computing providers, cybersecurity firms, and data analytics companies could create synergistic solutions that address the evolving needs of its clients. Timeline: 12-18 months.
- Targeting Government Contracts: Sysorex can leverage its expertise in IT and blockchain to secure government contracts. Governments worldwide are increasingly adopting blockchain technology for various applications, including voting systems, land registry, and healthcare. Tailoring its solutions to meet the specific requirements of government agencies could generate a stable revenue stream. Timeline: Ongoing.
- Development of Proprietary Blockchain Applications: Investing in the development of proprietary blockchain applications can differentiate Sysorex from its competitors and create a sustainable competitive advantage. Focusing on niche areas such as decentralized finance (DeFi) or non-fungible tokens (NFTs) could attract a dedicated user base and generate recurring revenue. Timeline: 18-24 months.
What Are SYSX's Competitive Advantages?
- Proprietary cryptocurrency mining processors and data centers.
- Expertise in Ethereum blockchain technology.
- Established relationships with government clients.
- Combination of cryptocurrency mining and traditional IT services.
What Does SYSX Do?
Sysorex, Inc., established in 1994 and headquartered in Herndon, Virginia, operates at the intersection of financial services and technology. The company's core business revolves around providing Ethereum mining, Ethereum blockchain, and information technology services. These services are designed to enable customers to manage, protect, and monetize their enterprise assets whether they are on-premises, in the cloud, or accessed via mobile technology. Sysorex owns and operates cryptocurrency mining processors and data centers, forming the backbone of its blockchain-related offerings. In addition to its proprietary infrastructure, Sysorex resells a range of information technology solutions, including hardware products, software, and related services such as warranty and maintenance support. These IT offerings cater to a diverse clientele, including federal, state, and local government entities. Sysorex's business model combines cryptocurrency mining with traditional IT services, positioning it as a hybrid player in the financial and technology sectors.
What Products and Services Does SYSX Offer?
- Provides Ethereum mining services.
- Offers Ethereum blockchain solutions.
- Delivers information technology services.
- Enables customers to manage enterprise assets.
- Helps customers protect enterprise assets.
- Assists customers in monetizing enterprise assets.
- Resells IT hardware and software.
How Does SYSX Make Money?
- Generates revenue from Ethereum mining operations.
- Earns revenue by providing blockchain solutions to enterprises and governments.
- Derives revenue from reselling IT hardware and software.
- Collects fees for warranty and maintenance support services.
What Industry Does SYSX Operate In?
Sysorex, Inc. operates within the financial services and technology sectors, specifically targeting the intersection of blockchain and IT solutions. The cryptocurrency market is characterized by high volatility and regulatory uncertainty. The company competes with other blockchain service providers and IT resellers. The demand for blockchain solutions is expected to grow, driven by increasing adoption of cryptocurrencies and decentralized applications. However, the competitive landscape is intensifying, requiring Sysorex to differentiate its offerings and establish a strong market position.
Who Are SYSX's Key Customers?
- Federal government agencies.
- State government agencies.
- Local government agencies.
- Enterprises seeking blockchain solutions.
Financial Health
Sysorex, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -14.68 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for Sysorex, Inc. stands at 84.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -92.1%, showing how much profit it generates from its asset base. A current ratio of 0.37 means current liabilities exceed short-term assets, a liquidity point worth watching.
Company Profile
Sysorex, Inc. operates in the Financial - Capital Markets industry within the Financial Services sector. It is headquartered in Herndon, US. The company is led by CEO Wayne Wasserberg. SYSX has traded publicly since 2022.
Insider Activity
The most recent 11 insider filings for Sysorex, Inc. break down as 3 sales and 8 purchases. On net that is roughly 18.8M shares acquired (about $10.5M) — insiders putting money in tends to read as conviction.
SYSX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Expertise in Ethereum mining and blockchain technology.
- Proprietary cryptocurrency mining infrastructure.
- Established relationships with government clients.
- Diversified revenue streams from mining, IT services, and product reselling.
Bear Case
- Negative profit margin and lack of profitability.
- High volatility due to exposure to the cryptocurrency market.
- Limited financial resources and small market capitalization.
- OTC listing, which may limit investor access and liquidity.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
SYSX Latest News
No recent news available for SYSX.
Leadership: Wayne Wasserberg
CEO
Wayne Wasserberg serves as the CEO of Sysorex, Inc., leading a team of 22 employees. His background encompasses experience in managing and growing technology-focused companies. He is responsible for the strategic direction of Sysorex, overseeing its operations in Ethereum mining, blockchain solutions, and IT services. His leadership is focused on expanding the company's market presence and driving revenue growth through innovative solutions.
Track Record: Under Wayne Wasserberg's leadership, Sysorex has focused on expanding its blockchain-related services and maintaining its IT solutions offerings. Key initiatives include optimizing cryptocurrency mining operations and pursuing government contracts. The company's strategic focus is on leveraging its expertise in blockchain technology to capitalize on emerging market opportunities.
SYSX OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Sysorex, Inc. may not meet the minimum financial standards or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors, and trading activity can be sporadic. Investing in OTC Other stocks carries a higher degree of risk compared to stocks listed on major exchanges due to the potential for limited liquidity and increased price volatility.
- OTC Tier: OTC Other
- Limited liquidity due to OTC Other listing.
- Potential for price manipulation and fraud.
- Lack of regulatory oversight and investor protection.
- Limited financial disclosure and transparency.
- Higher volatility compared to stocks listed on major exchanges.
- Verify the company's financial statements and SEC filings (if any).
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Evaluate the company's cash flow and debt levels.
- Review the company's legal and regulatory compliance.
- Check for any history of fraud or misconduct.
- Understand the risks associated with investing in OTC stocks.
- Company has been in operation since 1994.
- Provides services to government clients.
- Operates cryptocurrency mining processors and data centers.
- Offers a range of IT solutions and services.
What Investors Ask About Sysorex, Inc. (SYSX) — Financial Services
What happened to Sysorex, Inc. (SYSX) stock?
Sysorex, Inc. (SYSX) no longer trades on public markets. It was delisted in April 2026. The figures below are historical and are not a current quote.
Can I still buy SYSX shares?
No. SYSX stopped trading on public markets in April 2026, so the shares are not available through a broker. Anything you see quoted for SYSX elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before SYSX stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Sysorex, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Sysorex, Inc. do?
Sysorex, Inc. operates in the financial services sector, providing Ethereum mining, blockchain solutions, and IT services. The company owns and operates cryptocurrency mining processors and data centers, offering services to manage, protect, and monetize enterprise assets. Additionally, Sysorex resells IT hardware, software, and provides related support services, targeting federal, state, and local government clients.
What are the main risks for SYSX?
The main risks for Sysorex, Inc. include fluctuations in cryptocurrency prices, increasing competition in the blockchain and IT services markets, and changes in government regulations regarding cryptocurrency mining and blockchain technology. Cybersecurity risks associated with cryptocurrency mining and blockchain applications also pose a threat. Additionally, the company's OTC Other listing presents liquidity risks and limited access to capital. The negative profit margin highlights the challenge of achieving profitability.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial data available for SYSX.
- OTC market investments carry higher risk.