Victory Square Technologies Inc (VSQTF)

[Monroe1]

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