Cuentas Inc (PK:CUEN)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEC
Company Contact
Address: 19 W. FLAGLER ST., SUITE 902
MIAMI FL 33130
Tel: 1-949-4918235
IR: See website
Key People
Arik Maimon
Chairman of the Board, Chief Executive Officer
Michael A. De Prado
President, Director
Ran Daniel
Chief Financial Officer
Sylwin Grinman
Chief Operating Officer
Adiv Baruch
Chief Strategy Officer and Director
Business Overview
Cuentas Inc., formerly Next Group Holdings, Inc., through its operating subsidiaries, is engaged in the business of using its technology and certain licensed technology to provide mobile banking, mobility and telecommunications solutions to underserved, unbanked and emerging markets. The Company's subsidiaries include Next Mobile 360 LLC (Next Mobile), Meimoun & Mammon, LLC (M&M), NxtGn, Inc. (NxtGn), Next CALA, Inc (Next CALA) and SDI NEXT Distribution LLC. Next Mobile is a prepaid Mobile Virtual Network Operator (MVNO), which offers mobile voice, text and data services, as well as international calling services. Its NEXT CALA subsidiary promotes and distributes NextCALA-branded Prepaid Visa General Purpose Reloadable (GPR) prepaid debit cards to retail markets.
Financial Overview
For the nine months ended 30 September 2019, Cuentas Inc revenues decreased 99% to $811K. Net income increased from $89K to $853K. Revenues reflect Revenue decrease of 98% to $811K. Net income reflects Other income (expense) increase from $279K (expense) to $2.5M (income), Interest expense decrease of 92% to $71K (expense), General and administrative decrease of 16% to $1.7M (expense).
Employees: 1 as of Sep 30, 2013
Reporting Currency: U.S. Dollars
Enterprise value: $9.92M as of Sep 30, 2019
Annual revenue (TTM): $13.99M as of Sep 30, 2019
EBITDA (TTM): -$2.91M as of Sep 30, 2019
Net annual income (TTM): -$2.80M as of Sep 30, 2019
Free cash flow (TTM): -$1.38M as of Sep 30, 2019
Net Debt Last Fiscal Year: $0.05M as of Sep 30, 2019
Shares outstanding: 2,816,327 as of Nov 14, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization