Cuentas Inc. posts $3.3 million net loss for 2024

Reuters
2025.11.19 21:52
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Cuentas Inc. reported a net loss of $3.3 million for 2024, up from $2.2 million in 2023. Operating expenses decreased significantly to $1.9 million. Other income was $4.3 million, mainly from derivative warrants. Cash from investing was $92,000, and financing activities generated $316,000. Cuentas renewed cooperation with Cuentas SDI LLC and formed a joint venture with World Mobile Group. This summary is based on AI-generated content by Public Technologies.

Cuentas Inc. reported a net loss of $3.3 million for the year ended December 31, 2024, compared to a net loss of $2.2 million for the previous year. Operating expenses decreased to $1.9 million in 2024 from $6.4 million in 2023, primarily due to lower selling, general, and administrative expenses. Other income totaled $4.3 million for 2023, mainly from gains related to changes in the fair value of derivative warrants, partially offset by an impairment loss on an investment in Cuentas SDI LLC. Cash provided by investing activities was $92,000 in 2024, following the sale of Cuentas’ 19.99% stake in Cuentas SDI LLC. Financing activities generated $316,000 in cash, mainly from short-term loans. During the period, Cuentas renewed its cooperation with Cuentas SDI LLC to reopen its digital distribution network and formed a joint venture with World Mobile Group, aiming to leverage their marketing, finance, and technology capabilities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cuentas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-112675), on November 19, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here

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