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Victory Square Technologies Inc
Symbol VST
Shares Issued 97,930,700
Close 2023-11-29 C$ 0.12
Market Cap C$ 11,751,684
Recent Sedar Documents

Victory Square talks revenue, omits Q3 P&L from NR

2023-11-30 14:41 ET - News Release

Mr. Shafin Tejani reports

VICTORY SQUARE TECHNOLOGIES REPORTS 2023 Q3 FINANCIAL RESULTS

Victory Square Technologies Inc. has filed its condensed interim consolidated financial statements and interim management discussion and analysis for the three-month and nine-month period ended Sept. 30, 2023.

Company:

Victory Square is a Venture Builder that provides investors a liquid way to invest in early-stage technology companies without buying a venture fund that requires accredited investor status or multi-year commitments.

A diverse portfolio of 25+ innovative companies from around the world (founders come from: Ireland, Sri Lanka, Bulgaria, Australia, India, Brazil, the Middle East and North America)

Sectors include: Digital Health, Artificial Intelligence (AI), Machine Learning (ML), Blockchain, Virtual & Augmented Reality (VR/AR), Gaming, Climate Tech

Owner-operated (approx. 15% Management Ownership)

Business Model:

The Victory Square business model is to buy, build and invest in early stage tech companies. We spend upwards of 48 months with those companies until they're ready to spin-off or stand on their own. There are a couple of unique elements to our business model...

We have unparalleled access to startups through our internal incubator and International network with over 250+ founders, investors, tech accelerators and venture capital firms from more than 60 countries.

Second, our management team and advisors are actively involved in our investments from incubation through monetization, providing them with financial, operational, and strategic support to scale globally.

We drive value by monetizing investments and reinvesting the gains in new innovations. The strategy was to build a self-sustaining business.

Financial Highlights for the three- and nine-month period ended September 30, 2023:

Revenue

Revenue for the three- and nine-month periods ended September 30, 2023, was $3,213,031 and $8,729,248 compared to $1,620,221 and $3,852,101 for the comparative periods.

Cost of Goods Sold

Cost of goods sold for the three-and nine-months ended September 30, 2023, was $1,826,442 and $4,774,895 compared to $710,830 and $1,731,708 for the comparative periods.

Gross Margin

The gross margin for the three-and nine-months ended September 30, 2023, was $1,386,589 and $3,954,353 compared to $909,391 and $2,120,393 for the corresponding comparative periods.

Cash & liquid securities approx. $5,255,400.22

The Company's consolidated financial statements for the three- and nine-month period ended September 30, 2023 along with its Management Discussion and Analysis (MD&A) are available under the Company's profile on SEDAR ( www.sedar.com ).

Portfolio Companies

The attached tables set out Victory Square Portfolio Companies as at the date September 30, 2023.

"We have built a portfolio full of phenomenal companies, we have a strong team and a robust pipeline of catalysts to continue our growth trajectory. We are confident that this momentum will continue for the rest of the year. We'd like to thank our loyal shareholders and look forward to creating long-term value for Victory Square, its network of companies and our shareholders." Shafin Diamond Tejani, CEO Victory Square

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 25+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn't your ordinary investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best - build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.

What we do differently for investors

For investors, we offer a liquid way to invest in some of the world's most innovative early-stage technology companies without buying a venture fund that requires accredited investor status or multi-year commitments. It also can be purchased by non-accredited investors who are restricted from buying venture funds. Our portfolio provides a uniquely liquid, and transparent way for investors to get access to the latest technologies and emerging global trends. It is an excellent way to diversify into early-stage venture.

VST invests primarily in leading edge technology, such as artificial intelligence (AI), machine learning (ML), digital health, blockchain, gaming and climate tech, which provide the potential for high growth and returns.

Victory Square integrates a strong ESG (environmental, social and corporate governance) component throughout its operations. Our portfolio highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries. We are also dedicated to giving back to the communities in which we serve and operate. The Company's mandate is to assist organizations through its time, talent and treasure. The Company is committed to organizations that provide services in the youth, mental health, special needs, sport, tech, education, marginalized groups, First Nations, and accessibility sectors.

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

We seek Safe Harbor.

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