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

LB filings
2025.11.19 21:57
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Revenue: As of FY2024, the actual value is USD 676 K.

EPS: As of FY2024, the actual value is USD -1.22.

EBIT: As of FY2024, the actual value is USD -1.875 M.

Segment Revenue

  • Telecommunications: Revenue for the year ended December 31, 2024, was $26,000, compared to $87,000 for the year ended December 31, 2023.
  • Wholesale Telecommunication Services: Revenue for the year ended December 31, 2024, was $569,000, compared to $2,181,000 for the year ended December 31, 2023.
  • Digital Products and General Purpose Reloadable Cards: Revenue for the year ended December 31, 2024, was $81,000, compared to $78,000 for the year ended December 31, 2023.

Operational Metrics

  • Gross Loss: The gross loss for the year ended December 31, 2024, was $75,000, compared to a gross loss of $387,000 for the year ended December 31, 2023.
  • Operating Expenses: Total operating expenses for the year ended December 31, 2024, were $1,918,000, compared to $6,022,000 for the year ended December 31, 2023.
  • Net Loss: The net loss for the year ended December 31, 2024, was $3,309,000, compared to a net loss of $2,196,000 for the year ended December 31, 2023.

Cash Flow

  • Operating Cash Flow: Net cash used in operating activities for the year ended December 31, 2024, was $598,000, compared to $4,193,000 for the year ended December 31, 2023.
  • Investing Cash Flow: Net cash provided by investing activities for the year ended December 31, 2024, was $92,000, compared to net cash used of $2,098,000 for the year ended December 31, 2023.
  • Financing Cash Flow: Net cash provided by financing activities for the year ended December 31, 2024, was $316,000, compared to $6,030,000 for the year ended December 31, 2023.

Unique Metrics

  • Impairment Loss: The company recognized an impairment loss of $700,000 on its equity investment in 4280 Lakewood Road Manager, LLC as of December 31, 2024.

Outlook / Guidance

  • The company is focusing on its Cuentas Mobile telecommunications solution and has entered into a joint venture with World Mobile to operate a mobile virtual network operator business, which is expected to provide significant revenue and profitability due to World Mobile’s marketing, finance, and technology capabilities.
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