Cuentas Inc (PK:CUEN)

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
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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

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