Writer of the article:
Revealed Aug 30, 2024 • 8 minute learn
Article content material
Income for the six-months ended June 30, 2024 was $7,993,311, a rise of 46% in comparison with Q2, 2023
VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — Victory Sq. Applied sciences Inc. (“Victory Sq.” or the “Firm”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), an organization that provides investor entry to a portfolio of 25+ modern firms from all over the world in a single inventory, broadcasts it has filed its Consolidated Monetary Statements for the six-months ended June thirtieth, 2024 together with its Administration Dialogue and Evaluation (MD&A).
Commercial 2
Article content material
Firm:
Victory Sq. is a Enterprise Builder that gives buyers a liquid technique to put money into early-stage know-how firms with out shopping for a enterprise fund that requires accredited investor standing or multi-year commitments.
- A various portfolio of 25+ modern firms from all over the world (founders come from: Eire, Sri Lanka, Bulgaria, Australia, India, Brazil, the Center East and North America)
- Sectors embody: Digital Well being, Synthetic Intelligence (AI), Machine Studying (ML), Blockchain/Web3, Digital & Augmented Actuality (VR/AR), Gaming, Local weather Tech
- Proprietor-operated (approx. 15% Administration Possession)
Enterprise Mannequin:
The Victory Sq. enterprise mannequin is to purchase, construct and put money into early stage tech firms. We spend upwards of 48 months with these firms till they’re able to spin-off or stand on their very own. There are a few distinctive components to our enterprise mannequin…
- We now have unparalleled entry to startups by way of our inner incubator and Worldwide community with over 250+ founders, buyers, tech accelerators and enterprise capital corporations from greater than 60 international locations.
- Second, our administration group and advisors are actively concerned in our investments from incubation by way of monetization, offering them with monetary, operational, and strategic help to scale globally.
- We drive worth by monetizing investments and reinvesting the positive factors in new improvements. The technique was to construct a self-sustaining enterprise.
Commercial 3
Article content material
Monetary Highlights
The Firm’s condensed consolidated interim monetary statements comprise the monetary statements of the Firm and its subsidiaries: Futura Well being and Wellness Inc. (“Futura”), Hydreight Applied sciences Inc. (“HTI”), Victory Sq. Digital Well being Inc. (“VS Digital Well being”), Draft Label Applied sciences Inc. (“Draft Label”), XR Immersive Tech Inc. (“XRI”) and Synthesis VR Inc. (“SVR”), PDL USA Inc. (“PDL USA”), BlockX Capital Corp. (“BlockX Capital”), VS Blockchain Meeting (“VS Blockchain”), Insu Therapeutics Inc. (“Insu”)
Victory Sq. invests in early-stage know-how firms. Will increase and reduces within the worth of these firms have the best impression on the outcomes of operations of the Firm from quarter to quarter. It’s throughout the enterprise cycle to see intervals of internet losses when first investing in a brand new firm, spending as much as 48 months incurring bills and constructing the enterprise, after which in subsequent intervals realizing the positive factors and revenues from these early investments.
The online loss for the six-months ended June 30, 2024, is primarily as a result of truthful worth write-down on portfolio investments as a result of market surroundings in addition to working losses from consolidated subsidiaries.
High Tales
Article content material
Commercial 4
Article content material
Income
Income for the six-months ended June 30, 2024, was $7,993,311, in comparison with $5,490,363 for the comparative interval.
Price of Items Offered
Price of products offered for the six-months ended June 30, 2024, was $4,688,343 in comparison with $2,948,453 for the comparative interval.
Gross Margin
The gross margin for the six-months ended June 30, 2024, was $3,304,968 in comparison with $2,541,910 for the corresponding comparative interval.
Money & liquid securities approx. $3,800,000
The Firm’s consolidated monetary statements for the six-months ended June 30, 2024 together with its Administration Dialogue and Evaluation (MD&A) can be found underneath the Firm’s profile on SEDAR+ (www.sedar.com).
Portfolio Firms
The desk under units out Victory Sq. Portfolio Firms as on the date June 30, 2024.
| Subsidiary | Vertical |
| VS Digital Well being Inc. (“VS Digital Well being”) | Digital Well being, On-line Pharmacy, Diagnostic Testing, Synthetic Intelligence (AI), Machine Studying (ML) |
| Hydreight Applied sciences Inc. (“HTI”) | Digital Well being, On-line Pharmacy, Diagnostic Testing, Synthetic Intelligence (AI) |
| Futura Well being & Wellness Inc. (“Futura”) | Digital Well being, On-line Pharmacy, Diagnostic Testing, Longevity, Biohacking, Synthetic Intelligence (AI), Machine Studying (ML) |
| Draft Label Applied sciences Inc. (“Draft Label”) | Digital Well being, On-line Pharmacy, Diagnostic Testing, Synthetic Intelligence (AI), Machine Studying (ML) |
| PDL USA Inc. (“PDL USA”) | Customized Software program Improvement |
| XR Immersive Tech Inc., (previously Fantasy 360 Applied sciences Inc) (“XR Immersive Tech”) | Digital Actuality (“VR”), Augmented Actuality (“AR”), Synthetic Intelligence (AI), Machine Studying (ML), Web3 |
| Synthesis VR Inc. (“Synthesis”) | Digital Actuality (“VR”), Augmented Actuality (“AR”), Synthetic Intelligence (AI), Machine Studying (ML), Sport Improvement, Web3 |
| Insu Therapeutics Inc. (“Insu”) | Injectables Medicines, Peptide–Based mostly Medicines, Diabetes Remedy, Non-Invasive Oral Insulin Supply Expertise |
| VS Blockchain Meeting Inc. (“VS Blockchain”) | Blockchain, Web3, Synthetic Intelligence (AI), Machine Studying (ML) |
| BlockX Capital Corp. (“BlockX”) | Blockchain, Web3, Synthetic Intelligence (AI), Machine Studying (ML) |
Commercial 5
Article content material
| Portfolio Firm | Vertical |
| Victory Sq. Well being Inc. (“VS Well being”) | Digital Well being, Diagnostic Testing, Synthetic Intelligence (AI), Machine Studying (ML) |
| Cassia Analysis Inc., doing enterprise as CoPilot AI (“CoPilot AI”) | Synthetic intelligence (AI), Machine Studying (ML), Gross sales & Advertising Automation |
| Cloud Profit Options Inc., doing enterprise as Cloud Advisors (“Cloud Advisors”) | Insurance coverage Tech, Synthetic Intelligence (AI), Machine Studying (ML) |
| MLVX Applied sciences Inc., doing enterprise as Metaspectral (1) (“Metaspectral”) | Synthetic intelligence (AI), Machine Studying (ML), Laptop Imaginative and prescient |
| FansUnite Leisure Inc. (“FansUnite”) | Sports activities Betting, Gaming, Esports |
| Flo Digital Inc. (1) (“Flo Digital”) | Digital Actuality (“VR”), Augmented Actuality (“AR”), Metaverse, Web3 |
| Kyn Biosciences Inc. (1) (“Kyn”) | Plant-based Science |
| Howyl Ventures Inc., doing enterprise as Capaciti (1) (“Capaciti”) | Web3, Way forward for Work |
| Turnium Expertise Group Inc. (previously Multapplied Networks Inc.) (“Turnium”) | Software program Outlined Extensive Space Community Platforms (SD-WAN) |
| Subsequent Decentrum Applied sciences Inc. (“Subsequent Decentrum”) | Web3, Blockchain, NFTs, Synthetic Intelligence (AI), Machine Studying (ML) |
| PayVida Options Inc. (1) (“PayVida”) | Fintech |
| Silota Analysis and Improvement Inc. (“Silota”) | Web3, Blockchain, DeFi, Information Infrastructure |
| Nameless Intelligence Firm Inc. (“ANON”) | Web3, EdTech, Synthetic Intelligence (AI), Machine Studying (ML) |
| Stardust Photo voltaic Applied sciences Inc. (“Stardust Photo voltaic”) | Photo voltaic Power, Renewables, EV Charging |
| Flora Progress Corp. (1) (“Flora Progress Corp.”) | Plant-based Science |
| GameOn Leisure Applied sciences Inc. (“GameOn”) | Web3, Blockchain, Gaming, NFTs, Sports activities, Leisure |
Commercial 6
Article content material
Signal as much as VST’s official e-newsletter at www.VictorySquare.com/e-newsletter
On behalf of the Board of Administrators
“Shafin Diamond Tejani”
Director and Chief Government Officer
Victory Sq. Applied sciences Inc.
www.victorysquare.com
For additional details about Victory Sq., please contact:
Investor Relations Contact – Abbey Vogt
E mail: ir@victorysquare.com
Phone: 604 283-9166
Peter Smyrniotis – Director
Phone: 604 283-9166
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Sq. (VST) builds, acquires and invests in promising startups, then offers the senior management and assets wanted for fast-track progress. VST’s candy spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our company portfolio consists of 25+ world firms utilizing AI, VR/AR, and blockchain to disrupt sectors as various as fintech, insurance coverage, well being and gaming.
What we do in another way for startups
VST isn’t your odd investor. With actual pores and skin within the recreation, we’re dedicated to making sure every firm in our portfolio succeeds. Our secret sauce begins with deciding on startups which have actual options, not simply concepts. We pair you with senior expertise in product, engineering, buyer acquisition and extra. Then we allow you to do what you do greatest — construct, innovate and disrupt. In 24-36 months, you’ll scale and be able to monetize.
Commercial 7
Article content material
What we do in another way for buyers
For buyers, we provide a liquid technique to put money into among the world’s most modern early-stage know-how firms with out shopping for a enterprise fund that requires accredited investor standing or multi-year commitments. It additionally may be bought by non-accredited buyers who’re restricted from shopping for enterprise funds. Our portfolio offers a uniquely liquid, and clear approach for buyers to get entry to the most recent applied sciences and rising world traits. It is a wonderful technique to diversify into early-stage enterprise.
VST invests primarily in forefront know-how, similar to synthetic intelligence (AI), machine studying (ML), digital well being, blockchain, gaming and local weather tech, which give the potential for top progress and returns.
Victory Sq. integrates a powerful ESG (environmental, social and company governance) element all through its operations. Our portfolio highlights minority entrepreneurs, typically missed by conventional buyers, together with many from growing international locations. We’re additionally devoted to giving again to the communities by which we serve and function. The Firm’s mandate is to help organizations by way of its time, expertise and treasure. The Firm is dedicated to organizations that present companies within the youth, psychological well being, particular wants, sport, tech, training, marginalized teams, First Nations, and accessibility sectors.
Commercial 8
Article content material
VST is a publicly-traded firm headquartered in Vancouver, Canada, and listed on the Canadian Securities Change (VST), Frankfurt Change (6F6) and the OTCQX (VSQTF).
For extra data, please go to www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Change, or CSE, is operated by CNSX Markets Inc. Acknowledged as a inventory trade in 2004, the CSE started operations in 2003 to offer a contemporary and environment friendly different for firms seeking to entry the Canadian public capital markets.
FORWARD-LOOKING INFORMATION
This information launch incorporates “forward-looking data” throughout the that means of relevant securities legal guidelines referring to the outlook of the enterprise of Victory Sq. and its portfolio firms, together with, with out limitation, statements referring to future efficiency, execution of enterprise technique, future progress, enterprise prospects and alternatives of Victory Sq. and its associated subsidiaries and portfolio firms, together with these objects listed underneath the heading “Internet Asset Worth (“NAV”) Replace”, “Notable Portfolio Highlights” and different components past our management. Such forward-looking statements might, with out limitation, be preceded by, adopted by, or embody phrases similar to “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “challenge”, “potential”, “doable”, “ponder”, “search”, “aim”, “aims”, “outlook” or related expressions, or might make use of such future or conditional verbs as “might”, “may”, “will”, “may”, “ought to” or “would”, or might in any other case be indicated as forward-looking statements by grammatical building, phrasing or context. All statements apart from statements of historic details contained on this information launch are forward-looking statements. Ahead-looking data is predicated on sure key expectations and assumptions made by the administration of Victory Sq.. Though Victory Sq. believes that the expectations and assumptions on which such ahead wanting data is predicated are cheap, undue reliance shouldn’t be positioned on them as a result of Victory Sq. may give no assurance that they may show to be appropriate. Though Victory Sq. believes that the expectations mirrored in forward-looking statements on this press launch are cheap, such forward-looking statements has been based mostly on expectations, components and assumptions regarding future occasions which can show to be inaccurate and are topic to quite a few dangers and uncertainties, sure of that are past the Victory Sq.’s management, together with, however not restricted to, the chance components mentioned within the steady disclosure supplies of the Victory Sq. which can be found underneath the Victory Sq.’s profile on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are expressly certified by this cautionary assertion and are made as of the date hereof. Precise outcomes and developments might differ materially from these contemplated by these statements. The statements contained on this information launch are made as of the date of this information launch. Victory Sq. disclaims any intent or obligation to replace publicly any forward-looking data, whether or not because of new data, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.
The Canadian Securities Change has neither accepted nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.
Article content material
