Revenue: As of FY2024 Q2, the actual value is USD 672 K.EPS: As of FY2024 Q2, the actual value is USD -0.85.<h3>Segment Revenue</h3><ul><li>Telecommunications: Revenue for the six months ended June 30, 2024, was $26,000, a decrease from $74,000 in the same period in 2023.</li><li>Wholesale Telecommunication Services: Revenue increased significantly to $569,000 for the six months ended June 30, 2024, from $0 in the same period in 2023.</li><li>Digital Products and General Purpose Reloadable Cards: Revenue was $77,000 for the six months ended June 30, 2024, compared to $30,000 in the same period in 2023.</li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit (Loss): The total gross loss for the six months ended June 30, 2024, was $77,000, compared to a gross loss of $172,000 in the same period in 2023.</li><li>Operating Expenses: Total operating expenses decreased to $1,262,000 for the six months ended June 30, 2024, from $2,407,000 in the same period in 2023.</li><li>Net Loss: The net loss for the six months ended June 30, 2024, was $2,517,000, compared to a net loss of $3,107,000 in the same period in 2023.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities was - $520,000 for the six months ended June 30, 2024, compared to - $2,353,000 in the same period in 2023.</li><li>Investing Cash Flow: Net cash provided by investing activities was $50,000 for the six months ended June 30, 2024, compared to net cash used of - $2,157,000 in the same period in 2023.</li><li>Financing Cash Flow: Net cash provided by financing activities was $321,000 for the six months ended June 30, 2024, compared to $4,315,000 in the same period in 2023.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focusing on integrating FinTech services to deliver mobile financial services to underserved populations in the USA. It plans to leverage its technology platform to enhance its financial services offerings.</li><li>Non-Core Business: The company has exited the prepaid debit-card vertical but remains engaged in the FinTech sector, leveraging InComm’s distribution network for digital-content products. It is also exploring real estate investments to provide affordable housing and introduce its fintech solutions to new communities.</li></ul>

Cuentas | 10-Q: FY2024 Q2 Revenue: USD 672 K