Sector: Technology | Industry: IT Services & Consulting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 235 LINCOLN ROAD, SUITE 210 MIAMI BEACH FL 33139 |
Tel: | N/A |
Website: | https://cuentas.com/home.php?lang=en |
IR: | See website |
Key People | ||
Arik Maimon Executive Chairman of the Board, Chief Executive Officer | Michael A. De Prado President, Vice Chairman of the Board | Shlomo Zakai Chief Financial Officer | Adiv Baruch Director, Strategic Business Officer |
Business Overview |
Cuentas, Inc., together with its subsidiaries, is mainly focused on financial technology services, delivering mobile financial services, prepaid debit and digital content services to unbanked, underbanked and underserved communities. The Company mainly invests in financial technology and engages in use of certain licensed technology to provide telecommunications, mobility, and remittance solutions to unserved, unbanked, and emerging markets. The Company uses technology and certain licensed technology to provide telecommunications and telecommunications mobility and remittance solutions in emerging markets. It also offers wholesale telecommunications minutes and prepaid telecommunications minutes to consumers through its Tel3 division. It operates in three segments, namely telecommunications, wholesale telecommunication services, and digital products and general purpose reloadable cards. |
Financial Overview |
For the fiscal year ended 31 December 2023, Cuentas Inc revenues decreased 22% to $2.3M. Net loss decreased 85% to $2.2M. Revenues reflect General purpose reloadable cards segment decrease of 96% to $78K, Telecommunications segment decrease of 90% to $87K. Lower net loss reflects FV Adjustments of Financial Investments increase from $2K to $4.7M (income), Impairment of Intangible Assets decrease from $3.6M (expense) to $0K. |
Employees: | 3 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $0.74M as of Dec 31, 2023 |
Annual revenue (TTM): | $2.35M as of Dec 31, 2023 |
EBITDA (TTM): | -$6.39M as of Dec 31, 2023 |
Net annual income (TTM): | -$2.20M as of Dec 31, 2023 |
Free cash flow (TTM): | -$4.51M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,730,058 as of Mar 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |