Victory Square Stock Price, News & Analysis

Victory Square Technologies reported significant achievements for 2024 and outlined its 2025 strategic vision. The company achieved $10.7M in Q3 net income and reported an unaudited Net Asset Value of $127.5M as of January 28, 2025. Their subsidiary Hydreight Technologies ranked #56 on the 2024 Deloitte Technology Fast 500, achieved profitability, and launched a $10M Health Accelerator program.

The company's VSDHOne platform now powers healthcare brands across all 50 U.S. states, offering telehealth and compliance solutions. Key developments include Insu Therapeutics' work on oral insulin delivery technology, Stardust Solar's expansion into Houston with a $1.2M raise, and EdgeTI's advancement in quantum computing applications.

The company's portfolio has grown from $4M in 2017 to approximately $127M today, with investments totaling $13M across 25 companies selected from over 1,000 evaluated.

Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) reported its Q2 2024 financial results. Revenue for the six-months ended June 30, 2024, was $7,993,311, a 46% increase compared to Q2 2023. The company's gross margin was $3,304,968, up from $2,541,910 in the comparative period. Victory Square is a Venture Builder with a portfolio of 25+ innovative companies across sectors including Digital Health, AI, Blockchain, and Climate Tech. The company's business model involves buying, building, and investing in early-stage tech companies, typically spending up to 48 months with them before spin-off or independence. Despite revenue growth, the company reported a net loss, primarily due to fair value write-downs on portfolio investments and operating losses from consolidated subsidiaries.

Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) has announced that its wholly owned subsidiary, Block X Capital Corp. (BlockX), has entered into a merger agreement with Edge Total Intelligence Inc. (EdgeTI). The transaction involves EdgeTI acquiring all issued and outstanding shares of BlockX through a three-cornered amalgamation. Key points:

- EdgeTI will issue 4,250,000 subordinate voting shares (SVS) at $0.40 per share
- Total transaction value: $1,700,000
- A finder's fee of $85,000 will be paid in SVS at $0.43 per share
- Transaction closing is subject to TSXV approval and other conditions

BlockX focuses on blockchain, AI/ML, and cybersecurity solutions, while EdgeTI provides real-time digital operations software for situational awareness and accelerated action.

Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) has announced that its portfolio company GameOn (CSE: GET) (OTCQB: GMETF) achieved record revenue of $1.85 million in Q1 2024, representing a 292% year-on-year increase. GameOn also reported a net income of $680,000, compared to a net loss of $390,000 in the same period last year.

Key highlights include:

• Partnership with Sportsology, receiving 59 million $GAME tokens
• Launch of the GameOn beta mobile app on Apple App Store and Google Play
• Record financial performance in 2023

GameOn CEO Matt Bailey emphasized the company's focus on driving fundamentals and delivering shareholder value, citing ongoing momentum from new league partnerships and the recent launch of $GAME on major exchanges.

Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) announced that its portfolio company, XR Immersive Tech Inc. (CSE: VRAI), has entered into a $4.5 million licensing agreement with European company Deploy Reality. The agreement grants Deploy Reality rights to use XR Immersive Tech's location-based virtual reality (LBVR) platform for five years, starting July 1, 2024.

Key terms include an initial payment of $805,571.60 and monthly investments of $102,147 for R&D. Upon full payment, Deploy Reality will gain ownership of the SVR brand license. XR Immersive Tech's focus for H2 2024 includes expanding LBVR platform sales, developing AI applications, and enhancing VR/AR services in the enterprise sector.

Victory Square Technologies announced that its portfolio company, Hydreight Technologies, has partnered with a national laboratory to expand its at-home blood testing services across all 50 states by Q4 2024.

The expanded service will include tests for general wellness, nutrition, heart health, blood sugar, sexual health, thyroid, inflammation, and gut health.

Hydreight’s platform allows subscribers and nurses to administer tests at home, with results available through the app. The U.S. diagnostic testing market, valued at USD 84.85 billion in 2023, is expected to grow significantly, reaching USD 158.77 billion by 2033.

Victory Square's portfolio company, Hydreight, has shown significant growth in the home healthcare sector, reporting a 33% increase in Q1-2024 topline revenue, reaching $4.87 million. The company operates across all 50 US states, offering a mobile clinical network and at-home medical services. Hydreight has expanded its professional network to over 3,000 medical professionals and added 117 white-label locations nationwide. The company has also partnered with Ola Digital Health to provide health and wellness services in 300 independent retail pharmacies. Additionally, Hydreight launched VSDHOne for direct-to-consumer healthcare brands. The company plans to focus on profitability and further growth in 2024.

Victory Square's portfolio company, Hydreight Technologies, has secured a new partnership with a national wellness medspa franchise utilizing its white label solution. This partnership expands Hydreight's presence to nearly 700 locations across the U.S., with 140 already operational. Hydreight charges franchises fees for network access and takes a percentage from mobile services facilitated through its platform. The company's solutions include IV drip therapy, aesthetics, GLP-1, and NAD+ services, along with a pharmacy network. The U.S. medical spa market is valued at $6.1 billion as of 2023. Hydreight is also developing a Point of Sale and Payment processing module for release in Q3 2024.

Victory Square Technologies announced the launch of GameOn Live Fantasy, a next-gen fantasy sports platform, in time for the UEFA European Football Championship on June 14, 2024. Powered by the $GAME token, the platform aims to drive fan engagement through immersive experiences and a prize pool exceeding $200,000, including $GAME tokens, VIP experiences, signed merchandise, and game tickets. The $GAME token, recently launched on exchanges like KuCoin, Gate, and MEXC, will offer additional rewards to holders. GameOn plans a beta launch to collect feedback before a full launch for the upcoming LALIGA season in August, featuring player avatar packs and monthly raffles. The app will soon be available on the App Store and Google Play.