Cuentas Inc (PK:CUEN)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEC
Company Contact
Address: 19 W. FLAGLER ST., SUITE 902
MIAMI FL 33130
Tel: N/A
IR: See website
Key People
Arik Maimon
Chairman of the Board, Chief Executive Officer
Michael A. De Prado
President, Chief Operating Officer, Director
Ran Daniel
Chief Financial 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 three months ended 31 March 2019, Cuentas Inc revenues decreased 98% to $302K. Net loss totaled $320K vs. income of $1.5M. Revenues reflect Revenue decrease of 98% to $302K. Net loss reflects FV Adjustments of Financial Investments decrease from $1.6M (income) to $54K (expense), Gain (loss) on derivative liability decrease from $413K (income) to $1K (expense), G/L on early Exting of lease relat debt decrease from $99K (income) to $0K.
Employees: 1 as of Sep 30, 2013
Reporting Currency: U.S. Dollars
Enterprise value: $8.19M as of Mar 31, 2019
Annual revenue (TTM): $54.95M as of Mar 31, 2019
EBITDA (TTM): -$3.19M as of Mar 31, 2019
Net annual income (TTM): -$5.41M as of Mar 31, 2019
Free cash flow (TTM): -$0.99M as of Mar 31, 2019
Net Debt Last Fiscal Year: $2.82M as of Mar 31, 2019
Shares outstanding: 2,677,993 as of Aug 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization