CUENTAS INC | 10-Q: FY2024 Q3 Revenue: USD 676 K

LB filings
2025.07.03 10:54
portai
I'm PortAI, I can summarize articles.

Revenue: As of FY2024 Q3, the actual value is USD 676 K.

EPS: As of FY2024 Q3, the actual value is USD -0.98.

Segment Revenue

  • Telecommunications: Revenue of $26,000 for the nine months ended September 30, 2024, compared to $57,000 for the same period in 2023.
  • Wholesale Telecommunication Services: Revenue of $569,000 for the nine months ended September 30, 2024, compared to $860,000 for the same period in 2023.
  • Digital Products and General Purpose Reloadable Cards: Revenue of $81,000 for the nine months ended September 30, 2024, compared to $83,000 for the same period in 2023.

Operational Metrics

  • Gross Loss: Total gross loss of $84,000 for the nine months ended September 30, 2024, compared to a gross loss of $247,000 for the same period in 2023.
  • Operating Loss: Operating loss of $1,645,000 for the nine months ended September 30, 2024, compared to $3,759,000 for the same period in 2023.
  • Net Loss: Net loss of $2,916,000 for the nine months ended September 30, 2024, compared to $4,294,000 for the same period in 2023.

Cash Flow

  • Net Cash Used in Operating Activities: - $592,000 for the nine months ended September 30, 2024, compared to - $3,201,000 for the same period in 2023.
  • Net Cash Provided by Investing Activities: $81,000 for the nine months ended September 30, 2024, compared to - $2,238,000 for the same period in 2023.
  • Net Cash Provided by Financing Activities: $321,000 for the nine months ended September 30, 2024, compared to $6,030,000 for the same period in 2023.

Future Outlook and Strategy

  • Core Business Focus: The company is focusing on integrating FinTech services to deliver mobile financial services and digital content to underserved communities. It plans to leverage its technology platform to expand its financial services offerings and enhance its digital product distribution network.
  • Non-Core Business: The company has exited the prepaid debit-card vertical but remains engaged in the FinTech sector, leveraging a nationwide distribution network for digital-content products. It is also evaluating real estate investments to provide affordable housing and introduce its FinTech solutions to new communities.
Source: LB filings The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.