Monroe1
5 months ago
Victory Square Technologies Corporate Update
GlobeNewswire
8:00 AM ET May-15-2024
A diverse portfolio of 25+ innovative companies from around the world
Sectors include: Digital Health, Artificial Intelligence (AI), Machine Learning (ML), Blockchain/Web3, Virtual & Augmented Reality (VR/AR), Gaming, Climate Tech
Revenue for the year ended December 31, 2023, was $12,055,070 compared to $5,929,096 for the corresponding prior year period.
Cash & liquid securities approx. $4,903,363
VST Investor Q&A Webinar on Thursday May 23rd, 2024
VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (VSQTF.NaE) (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investor access to a portfolio of 25+ innovative companies from around the world in a single stock, is pleased to provide a Corporate Update.
"2023 was a year of continued growth and new opportunities for Victory Square (VSQTF.NaE)," said Shafin Diamond Tejani, CEO. "And, this momentum has continued in 2024, with a number of exciting catalysts on the horizon. Since 2017, we’ve evaluated over 1000 companies & startup ideas, of which 25 have made the cut. We have a healthy balance sheet, significant assets and have built a pipeline of new opportunities," said Tejani.
Financial Highlights
Revenue
Revenue for the year ended December 31, 2023, was $12,055,070 compared to $5,929,096 for the corresponding prior year period.
Cost of Goods Sold
Cost of goods sold for the year ended December 31, 2023, was $6,564,681 compared to $2,672,672 for the corresponding prior year period.
Gross Margin
The gross margin for the year ended December 31, 2023 was $5,490,389 compared to $3,256,424 for the corresponding prior year period.
Cash & liquid securities approx. $4,903,363
StockLogistics
2 years ago
“Victory Square Technologies Reports 2022 Q2 Financial Results & Corporate Update
EQNX::TICKER_START (CNSX:VST.CN),(Frankfurt:6F6),(OTC US:VSQTF),(Other OTC:VSQTF), EQNX::TICKER_END -- 2022 Q2 unaudited Net Asset Value ("NAV") of $89,704,469 as at June 30, 2022
-- Notable Portfolio Highlights: IV Hydreight, Creator.co, GameOn, XR Immersive, Next Decentrum, Stardust Solar, CoPilot, Fansunite, Turnium, Covalent CQT and CloudAdvisors
-- Company & Executive Team featured in Forbes, Yahoo Finance, Entrepreneur, CoinTelegraph and Newsweek”
89/97 = .91, the market is adding a decimal place and saying it is worth 10 - 15% of its NAV. if it s assets to liabilities is 5:1 then the NAV should be realized in full in relation to the SP.
StockLogistics
2 years ago
June 2022 filing: Assets/Liabilities = 5
("NAV") of $89,704,469
“Share Structure
Market Cap Market Cap
11,247,341
09/19/2022
Authorized Shares
Unlimited
09/12/2022
Outstanding Shares
97,930,700
09/12/2022
Restricted
11,387,258
09/12/2022
Unrestricted
86,543,442
09/12/2022
Held at DTC
20,857,667
09/12/2022
Float
Not Available
Par Value
No Par Value”
(90 NAV - total liabilities of 7.7) / 97 OS = .85 with no P/E multiple
“Financial Highlights:
-- 2022 Q2 unaudited Net Asset Value ("NAV") of $89,704,469 as at June 30, 2022 (see "Use of Non-GAAP Financial Measures" elsewhere)
-- The company secured $2,000,000 of strategic non-dilutive capital to take advantage of special opportunities (see "Strategic Non-Dilutive Loan Terms")
-- IV Hydreight, a wholly owned subsidiary of VST, entered into a Definitive Agreement to Complete Qualifying Transaction for a deemed transaction value of $22,575,000, of which approximately 78% is attributed to Hydreight and approximately 22% is attributed to PCL.
The Company's consolidated financial statements for the quarter ending June 30, 2022 along with its Management Discussion and Analysis (MD&A) are available under the Company's profile on SEDAR (www.sedar.com).
Portfolio Highlights:
"We have built up a diverse portfolio of over 25 companies from around the world in key sectors: Digital Health, Gaming, Web3, VR/AR, the Creator Economy and Renewables. Our high quality deal flow is generated via established relationships with over 80 incubators around the world" said Victory Square CEO Shafin Diamond Tejani.
Hydreight - 518% Year-Over-Year New Business Partner Sign-ups
Creator.co - 200% Year-Over-Year Growth
GameOn ("GET") - announced a partnership with immersive content pioneer, Tetavi, for a first-of-its-kind NFT music discovery game that allows fans to discover new music, invest in artists/songs, build their own 'record label,' and receive royalties based on streams and charts.
XR Immersive Tech ("VRAR") - Synthesis VR software platform has grown to become the largest VR out of home entertainment marketplace for games, educational and training experiences worldwide. Synthesis had over 400 VR arcades globally and a market of over 325 VR games with over 20M player minutes.
Next Decentrum - Raised $4M USD to fund product development and market growth
Stardust Solar - 100% Year-Over-Year Growth
FansUnite ("FANS") - Commences Trading on the Toronto Stock Exchange
Turnium Technology Group Inc ("TTGI") - begins trading on the TSX Venture Exchange on Wednesday, June 22, 2022
Covalent CQT - 55 Team Members, 15,000+ Developers, Mature API stack for 26 blockchains, 20+ Hackathons, 2500+ Alchemists
CloudAdvisors - CloudAdvisors listed as 2022 New Innovators in Canadian Business
CoPilot - Release of Video by CoPilot
”
https://www.otcmarkets.com/otcapi/company/financial-report/345524/content
StockLogistics
2 years ago
Double Bottom on chart at .0850, can head higher, 10x undervalued based on company valuation divided by OS imo
Healthcare season soon:
“8:30a ET 8/9/2022 - Globe Newswire
VS Digital Health White Labeled Platform with Partner DRIPBaR LLC is Live in the APP Store and Google Play Store
Victory Square Technologies Inc. ("Victory Square" or the "Company") (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides VC Investment access to a diverse portfolio of next generation technology companies within an audited, transparent and liquid investment vehicle, is pleased to announce that The Dripbar LLC ("The DRIPBaR"), a partner company ("Partner") on the Company's wholly owned subsidiary, VS Digital Health's ("VSDH") white labeled software technology platform is now live in the Apple App store and Google Play store. Providing The DRIPBaR patients with a seamless and efficient digital health experience, and to support The DRIPBaR's growth and franchise potential.
The DRIPBaR is a franchise operator focused on helping people obtain their best physical and mental health using intravenous therapies. Through advances in cellular and biological science, The DRIPBaR helps clients fight the consequences of chronic illness, address the effects of aging, and achieve a balanced wellness. The DRIPBaR aims to make their services accessible throughout the United States, to everyone looking to experience their full suite of vitamin therapy options which include, intramuscular quick shots, lifestyle drops, health support drips and oral supplements. The DRIPBaR is utilizing VSDH's digital health platform, and digital pharmacy across their 28 active locations, as well as offering their over 430 franchises (at various stages of development) the opportunity to take their medical businesses compliantly mobile, redefining their offering, and helping to meet their fundamental goal of supporting the best health for their clients. The DRIPBaR recently was awarded the Entrepreneur Top 500 List for Top New and Emerging Franchises 2022. (Source Entrepreneur).
This white labeled feature provided by VSDH has allowed The DRIPBaR to take their current brick and mortar business model into the mobile realm. Not only is this exciting for the current locations but it also provides an additional benefit to new franchisees, being the ability to open their businesses and start operating immediately (by utilizing the mobile drip and online pharmacy), while they wait for their physical locations to be built out.
VSDH is tremendously excited to have entered into a long term relationship with one of the top new and emerging health and wellness franchises in the United States (Source Entrepreneur), The DRIPBaR. VSDH will assist in The DRIPBaR's franchisees in all things digital health, from technology such as our mobile medical app to our digital pharmacy.
VSDH will handle all franchisees' pharmaceutical orders and streamline not only their processes but offer competitive product offerings and pricing due to VSDH's unique pharmacy structure across the United States.
Both Companies look forward to working together to assist all DRIPBaR business owners with the expansion of their businesses and at a corporate level continue this meteoric growth.
Further details about the terms and pricing model of The DRIPBaR and VSDH Agreement can be found on release dated March 22, 2022.
About VSDH's White Labeled Platform
VSDH launched a white-label digital health platform (see press release dated March 7, 2022), that powers consumer health experiences for a wide range of health service providers (from individual practitioners and small boutiques to larger scaled businesses) on a business to business ("B2B") subscription model, which consists of a fixed annual rate and revenue sharing. This service also includes the setup of a virtual pharmacy facilitating online ordering, payment and processing all in one spot. The business model leverages decentralized healthcare to bring quality digital health (including medical, and health and wellness services) to all 50 states in the U.S., in an efficient, scalable and cost-effective way.”
StockLogistics
2 years ago
Happy Square Day! 9 (3x3) 16 (4x4) Victory Square (VS, 22 9)
“8:30p ET 8/29/2022 - Globe Newswire
Victory Square Technologies Reports 2022 Q2 Financial Results & Corporate Update
EQNX::TICKER_START (CNSX:VST.CN),(Frankfurt:6F6),(OTC US:VSQTF),(Other OTC:VSQTF), EQNX::TICKER_END -- 2022 Q2 unaudited Net Asset Value ("NAV") of $89,704,469 as at June 30, 2022
-- Notable Portfolio Highlights: IV Hydreight, Creator.co, GameOn, XR Immersive, Next Decentrum, Stardust Solar, CoPilot, Fansunite, Turnium, Covalent CQT and CloudAdvisors
-- Company & Executive Team featured in Forbes, Yahoo Finance, Entrepreneur, CoinTelegraph and Newsweek
-- Next Investor Q&A Webinar on Tuesday September 6, 2022
Victory Square Technologies Inc. ("Victory Square" or the "Company") (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company focused on investing in the best and brightest entrepreneurs and innovations from around the world, and providing VC Investment access to the 4th Industrial Revolution in an audited, transparent and liquid investment vehicle, announces it has filed its condensed interim consolidated financial statements and Interim Management Discussion and Analysis (MD&A) for the three months ended June 30, 2022.
"Despite the choppy markets and gloomy headlines, 2022 has been a year of continued growth and new opportunities for Victory Square" said Shafin Diamond Tejani, CEO. Our NAV has remained strong, and we've seen significant growth in our portfolio companies so far this year, including over 500% YOY growth from our wholly-owned subsidiary Hydreight. We expect this momentum to continue for the rest of the year. The VST team is laser-focused on unlocking value from the existing portfolio, and we've secured strategic non-dilutive capital to build a pipeline of new opportunities," said Tejani
Financial Highlights:
-- 2022 Q2 unaudited Net Asset Value ("NAV") of $89,704,469 as at June 30, 2022 (see "Use of Non-GAAP Financial Measures" elsewhere)
-- The company secured $2,000,000 of strategic non-dilutive capital to take advantage of special opportunities (see "Strategic Non-Dilutive Loan Terms")
-- IV Hydreight, a wholly owned subsidiary of VST, entered into a Definitive Agreement to Complete Qualifying Transaction for a deemed transaction value of $22,575,000, of which approximately 78% is attributed to Hydreight and approximately 22% is attributed to PCL.
The Company's consolidated financial statements for the quarter ending June 30, 2022 along with its Management Discussion and Analysis (MD&A) are available under the Company's profile on SEDAR (www.sedar.com).
Portfolio Highlights:
"We have built up a diverse portfolio of over 25 companies from around the world in key sectors: Digital Health, Gaming, Web3, VR/AR, the Creator Economy and Renewables. Our high quality deal flow is generated via established relationships with over 80 incubators around the world" said Victory Square CEO Shafin Diamond Tejani.
Hydreight - 518% Year-Over-Year New Business Partner Sign-ups
Creator.co - 200% Year-Over-Year Growth
GameOn ("GET") - announced a partnership with immersive content pioneer, Tetavi, for a first-of-its-kind NFT music discovery game that allows fans to discover new music, invest in artists/songs, build their own 'record label,' and receive royalties based on streams and charts.
XR Immersive Tech ("VRAR") - Synthesis VR software platform has grown to become the largest VR out of home entertainment marketplace for games, educational and training experiences worldwide. Synthesis had over 400 VR arcades globally and a market of over 325 VR games with over 20M player minutes.
Next Decentrum - Raised $4M USD to fund product development and market growth
Stardust Solar - 100% Year-Over-Year Growth
FansUnite ("FANS") - Commences Trading on the Toronto Stock Exchange
Turnium Technology Group Inc ("TTGI") - begins trading on the TSX Venture Exchange on Wednesday, June 22, 2022
Covalent CQT - 55 Team Members, 15,000+ Developers, Mature API stack for 26 blockchains, 20+ Hackathons, 2500+ Alchemists
CloudAdvisors - CloudAdvisors listed as 2022 New Innovators in Canadian Business
CoPilot - Release of Video by CoPilot
Additional portfolio highlights in 2022 can be viewed below:
Victory Square Technologies Provides Corporate Update
Media & Webinars:
Webinar - The Company invites you to join the next Investor Q&A Webinar with CEO Shafin Diamond Tejani, details found below.
Date: Tuesday, September 6th, 2022
Time: 1:05 pm PST/ 4:05 pm EST
Location: via Zoom
Please register at the link provided here
Media - The Company and its Executive Team has been featured in a variety of publications which include: Forbes, Entrepreneur and Newsweek. Additionally, the Company participated in a number of webinars.
Yahoo Finance:
VSQTF: A Liquid Way to Diversify Into Early-Stage Venture at a Deep Discount to NAV
Newsweek: Nurses Are Burned Out--Can On-Demand Health Care Apps Help?
Forbes: What's Next For Digital Healthcare
Newsweek: Why Sex Tech Is the Overlooked Giant of the Wellness Industry
CoinTelegraph: How creator coins could be the break Web3 needs
Entrepreneur: Web3 Could See Its Own Dot-Com Boom. Here's How To Survive The Bust.
Newsweek: 3 (Unexpected) Ways The Metaverse May Change Your Life This Year
Forbes: Five Lessons From A Dotcom-Bubble Veteran For Today's Retail Investors
Techonomy: Necessity, Not Passion, Drives The Creator Economy
SmallCap 60:$VST - "Providing Investment Access to a New Breed of Disruptive Firms"
Agoracom: $VSQTF Ends 2021 With $100 MILLION NAV For 25+ Portfolio Companies
"Victory Square provides investors with a liquid way to invest in early-stage technology and health care companies without buying a venture fund that requires accredited investor status or multi-year commitments. It also can be purchased by non-accredited investors who are restricted from buying venture funds. It is an excellent way to diversify into early-stage venture" said Tejani.
Check out VictorySquare.com and sign up to VST's official newsletter at www.VictorySquare.com/newsletter.
On behalf of the Board of Directors
"Shafin Diamond Tejani"
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com”
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