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In the course of the three months ending March 31, 2021, the adjusted web earnings of the Firm was $5,146,648. Adjusted fundamental earnings per share have been $0.06 and diluted earnings per share have been $0.05.
VANCOUVER, British Columbia, Might 31, 2021 (GLOBE NEWSWIRE) — Victory Sq. Applied sciences Inc. (“Victory Sq.” or the “Firm”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), an organization that gives buyers entry to a various portfolio of subsequent era web firms in key sectors together with: the round economic system, digital well being, gaming, blockchain, AR/VR, cybersecurity, and fintech, declares it has filed its condensed interim consolidated monetary statements and Interim Administration Dialogue and Evaluation (MD&A) for the three months ended March 31, 2021.
“Q1 2021 was as soon as once more a superb quarter for Victory Sq. during which we achieved a document fifth consecutive quarter with constructive web earnings & earnings per share, and demonstrating the facility of our diversified portfolio throughout difficult occasions. Along with closing the acquisition of Hydreight, we closed oversubscribed financings for Fansunite and GameOn, accomplished a $6,000,000 sale of our software program, and issued a share dividend,” mentioned Shafin Diamond Tejani, Chief Government Officer of Victory Sq..
Monetary Highlights for the three months ending March 31, 2021:
- Adjusted web earnings of $5,146,648*
- Adjusted fundamental earnings per share have been $0.06 and diluted earnings per share have been $0.05*
- The Firm ended the quarter with a wholesome steadiness sheet with money and money equivalents of $10,180,620
*In the course of the three months ended March 31, 2021, the corporate had web earnings of $2,362,030, adjusted for non-cash prices for share primarily based funds of $2,498,562, the adjusted web earnings was $4,860,592. Additional adjusting for the pre-share primarily based funds web loss acknowledged by GameOn Leisure within the interval of $144,347 and the web lack of Fantasy 360 of $141,709, the adjusted web earnings of the Firm was $5,146,648. Adjusted fundamental earnings per share have been $0.06 and diluted earnings per share have been $0.05.
The Firm’s consolidated monetary statements for the quarter ending March thirty first, 2020 together with its Administration Dialogue and Evaluation (MD&A) can be found beneath the Firm’s profile on SEDAR (www.sedar.com).
Enterprise Highlights for the three months ending March 31, 2021:
Present Portfolio:
Our portfolio consists of firms powering the 4th Industrial Revolution, the wholesale transformation of society led to by linked, digital applied sciences. Our companies usually are not constructed round short-term performs or fleeting traits. They symbolize pillars of the longer term economic system: synthetic intelligence (AI), machine studying (ML), augmented and digital actuality (AR and VR), web of issues (IOT), cyber safety, blockchain, the round economic system and extra.
“Victory Sq. focuses on figuring out, constructing and investing in distinctive startups, every led by a powerful administration workforce and engaged in world market alternatives,” mentioned Victory Sq. CEO Shafin Diamond Tejani. “With our portfolio firms curated to supply our buyers with the very best publicity to the following era of know-how giants, we are actually prioritizing maximal worth creation inside every enterprise.”
| Title | Vertical |
| Fansunite Leisure Inc. (“FansUnite”) | Sport Betting, Gaming, eSports |
| Fantasy 360 Applied sciences Inc., doing enterprise as Immersive Applied sciences (“Immersive Tech”) | Digital Actuality (VR), Augmented Actuality (AR) |
| GameOn Leisure Applied sciences Inc. (previously V2 Video games Inc.) (“GameOn”) | Actual time on-line gaming and leisure prediction |
| VS Digital Well being Inc. (“VS Digital Well being”) | Digital Well being, Diagnostic Testing |
| Victory Leisure Inc. (“Victory Leisure”) | Movie, TV, Digital Content material |
| Draft Label Applied sciences Inc. | Software program Growth, SaaS |
| Cassia Analysis., doing enterprise as CoPilot AI (“CoPilot AI”) | Automation, Synthetic Intelligence (AI) |
| Develop Academy Applied sciences Inc. (“Develop Tech”) | Plant Primarily based Science |
| Cloud 9 Web3 Applied sciences Inc. (“Cloud 9”) | Internet 3.0, NFTs, Decentralized Storage |
| Cloud Profit Options Inc., doing enterprise as Cloud Advisors (“Cloud Advisors”) | Insurance coverage Tech |
| Howyl Ventures Inc., doing enterprise as Capaciti (“Capaciti”) | Blockchain Growth |
| Turnium Know-how Group Inc. (previously Multapplied Networks Inc.) (“Turnium”) | SD-WAN |
| Form Immersive Inc. (“Form Immersive”) | 3D e-commerce, augmented actuality |
| IV Hydreight Inc. (“Hydreight”) | Telemedicine, Digital Well being, On-line Pharmacy |
| PayVida Options Inc. (“PayVida”) | FinTech, funds, lending |
| BlockX Capital Corp. (“BlockX”) | Blockchain |
| Silota Analysis and Growth Inc., doing enterprise as Covalent (“Covalent”) | Blockchain, Knowledge Infrastructure |
| Subsequent Decentrum Applied sciences Inc. (“Subsequent Decentrum”) | Schooling Tech, Studying Platforms |
| MLVX Applied sciences Inc., doing enterprise as Compression.AI (“Compression.AI”) | Synthetic Intelligence (AI), Machine Studying (ML) |
| PDL USA Inc. (“PDL USA”)Customized software program growthVS Blockchain Meeting Inc. (“VS Blockchain”) | Blockchain |
| Victory Sq. Well being Inc. (“VS Well being”) | Diagnostic take a look at analysis and manufacturing |
| Flo Digital Inc. (“Flo Digital”) | Video supply platform and VR search engine |
| Store and Shout Ltd., doing enterprise as Creator.co (“Creator.co”) | Influencer advertising, advertising automation |
Outlook:
The Firm’s foremost objectives for the rest of 2021 are:
- Subject a Particular Frequent Share Dividend of its Curiosity in Portfolio Firm Fantasy 360 Applied sciences Inc. dba Immersive Tech Upon Itemizing and Topic to CSE and Different Crucial Approvals
- The general public itemizing of Fantasy 360 Applied sciences Inc. dba Immersive Tech
- Efficiently spend money on extra ventures engaged on the next: EV Options, Renewable Vitality, Digital Belongings Administration, Telehealth service for PETS, and Psychological Well being
- Obtain natural progress for the present portfolio firms; and
- Put money into the workforce and infrastructure to help additional investments and scaling.
Shafin Diamond Tejani, CEO of Victory Sq. commented, “I’m very happy with our outcomes; we’re well-funded, have a stable portfolio, a powerful workforce and a sturdy pipeline of catalysts to proceed this aggressive progress trajectory. We’re assured that this momentum will proceed within the second half of 2021 and past. We’d prefer to thank our loyal shareholders and sit up for the following chapter of this thrilling journey.”
Take a look at VictorySquare.com and 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 – Edge Communications Group
Electronic mail: ir@victorysquare.com
Phone: 604-283-9166
Media Relations Contact – Howard Clean, Director
Electronic mail: howard@victorysquare.com
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Sq. (VST) builds, acquires and invests in promising startups, then supplies the senior management and sources 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 20+ world firms utilizing AI, VR/AR, and blockchain to disrupt sectors as numerous as fintech, insurance coverage, well being and gaming.
What we do in a different way for startups
VST isn’t your unusual investor. With actual pores and skin within the sport, we’re dedicated to making sure every firm in our portfolio succeeds. Our secret sauce begins with choosing 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.
What we do in a different way for buyers
For buyers, we provide early-stage entry to the following unicorns earlier than they’re unicorns. Our portfolio represents a uniquely liquid and safe method for buyers to get entry to the newest cutting-edge applied sciences. As a result of we deal with market-ready options that scale rapidly, we’re capable of present robust and secure returns whereas additionally tapping into rising world traits with huge upsides.
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 change in 2004, the CSE started operations in 2003 to supply a contemporary and environment friendly different for firms seeking to entry the Canadian public capital markets.
Cautionary Disclaimers
FORWARD-LOOKING INFORMATION
This information launch comprises “forward-looking data” inside the which means of relevant securities legal guidelines referring to the outlook of the enterprise of Victory Sq., 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 different components past our management. Such forward-looking statements could, with out limitation, be preceded by, adopted by, or embrace phrases corresponding to “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “challenge”, “potential”, “attainable”, “ponder”, “search”, “objective”, or comparable expressions, or could make use of such future or conditional verbs as “could”, “may”, “will”, “might”, “ought to” or “would”, or could in any other case be indicated as forward-looking statements by grammatical development, 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 affordable, undue reliance shouldn’t be positioned on them as a result of Victory Sq. may give no assurance that they are going to show to be appropriate. Precise outcomes and developments could 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 accredited nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.
