Welcome to our dedicated page for Victory Square news (Ticker: VSQTF), a resource for investors and traders seeking the latest updates and insights on Victory Square stock.
Victory Square Technologies Inc. reports portfolio and capital-allocation developments for a venture builder focused on healthcare infrastructure, digital health, artificial intelligence and emerging technology platforms. Recurring updates cover operating and financial results, platform scaling, normal course issuer bid activity and the progress of portfolio companies.
Company news frequently centers on Hydreight and VSDHOne, including compliant patient access, prescribing, pharmacy fulfillment and healthcare delivery across categories such as GLP-1 therapies, peptides, hormone optimization, diagnostics and wellness programs. Other portfolio themes include Insu Therapeutics' peptide delivery work and Pawsible Ventures' activity in pet wellness, AI and health technology.
Victory Square Technologies reported a 2022 Q3 unaudited Net Asset Value (NAV) of $80,701,078 as of September 30, 2022. Revenue surged, with Q3 2022 figures at $1,620,221 compared to $337,761 in Q3 2021, and $3,852,101 for the nine months in 2022 versus $748,835 in 2021. Gross margin improved to 56% for Q3 and 55% for the nine-month period. The company anticipates trading of shares under the symbol NURS post-Qualifying Transaction of IV Hydreight on December 1, 2022. CEO Shafin Diamond Tejani highlighted a strong balance sheet and ongoing growth in digital health assets.
Victory Square Technologies has reported an unaudited Net Asset Value (NAV) of $80,701,078 as of September 30, 2022. The company has changed its auditor to MNP LLP, enhancing its advisory capabilities. Notable portfolio highlights include significant growth in Digital Health assets, especially IV Hydreight, which has seen approximately 606% year-over-year growth in new business partner sign-ups. The company has featured in prominent publications such as Forbes and Newsweek. An investor Q&A webinar is scheduled for November 15, 2022.
Victory Square Technologies (OTC:VSQTF) announced the appointment of MNP LLP as its new auditor on October 13, 2022, replacing Dale Matheson Carr-Hilton Labonte, LLP. The board of directors confirmed that no reportable events occurred with the former auditor. Both auditors have agreed with the information provided in the Notice of Change. This transition aims to maintain transparency and uphold high standards in financial reporting. Victory Square continues its commitment to supporting startups in tech sectors, enhancing growth opportunities for its portfolio companies.
Victory Square Technologies (CSE: VST, OTC: VSQTF) reported a strong Q2 2022 with a Net Asset Value (NAV) of $89,704,469 as of June 30, 2022. The company secured $2 million in strategic non-dilutive capital and highlighted significant growth in portfolio companies, notably a 518% increase in Hydreight's year-over-year business partner sign-ups. CEO Shafin Diamond Tejani expressed optimism for continued growth despite market volatility. Portfolio companies include IV Hydreight, Creator.co, and GameOn.
Victory Square Technologies (CSE:VST, OTC:VSQTF) has launched The DRIPBaR digital health platform, now available on the Apple App Store and Google Play Store. This initiative supports The DRIPBaR's expansion, which includes 28 active locations and nearly 430 franchises across 27 states. The platform enhances patient experiences through mobile services and online pharmacy access. The DRIPBaAR was recognized in the Entrepreneur Top 500 List for 2022. Victory Square's strategy aims to redefine health services, leveraging technology to enhance wellness.
Victory Square Technologies (OTC:VSQTF) reported an unaudited Net Asset Value (NAV) of approximately $89.7 million as of June 30, 2022. The company highlighted significant portfolio companies like IV Hydreight and Creator.co, emphasizing their growth and market impact. CEO Shafin Diamond Tejani expressed gratitude to shareholders and reiterated a commitment to shareholder value despite challenging market conditions. The next investor Q&A webinar is scheduled for July 28, 2022, providing an opportunity for deeper engagement with shareholders.
Victory Square Technologies reported a significant increase in its Net Asset Value (NAV) for Q1 2022, reaching $99,861,912 compared to $65,503,828 in Q1 2021. The company's cash and cash equivalents at the end of the quarter stood at $2,188,209. CEO Shafin Diamond Tejani highlighted the company's resilience amid market declines, emphasizing growth in its subsidiary Hydreight and a focus on enhancing portfolio value. Victory Square's strategy encompasses investments in tech sectors pivotal for the 4th Industrial Revolution.
Victory Square Technologies reported a significant increase in its Net Asset Value (NAV) for 2021, rising to $102,269,229 from $51,258,000 in 2020. The company continues to face volatility and uncertainty in the markets, yet remains optimistic due to growth in its portfolio companies. Key financial highlights include $4,376,374 in cash, a share buyback of 562,000 shares, and three common share dividends with a market value of approximately $39.65 per 1,000 shares. The firm has completed significant acquisitions and successful exits, positioning itself for future growth.
Victory Square Technologies announced a management cease trade order (MCTO) due to delays in filing its annual financial statements. The MCTO, issued on May 4, restricts CEO and CFO from trading until filings are completed. The interim financial statements for Q1 2022 are also delayed, pending the annual filings. The company aims to file the annual statements by June 3, 2022, and interim statements by June 6, 2022. The company reaffirms its commitment to comply with regulations during this period of default.
Victory Square Technologies has issued a bi-weekly default status report following a management cease trade order (MCTO) for non-filing of its annual financial statements by the deadline of May 2, 2022. The MCTO, effective from May 4, 2022, restricts key executives from trading until the filed documents are approved, although other shareholders remain unaffected. The company anticipates filing these documents by May 20, 2022, and confirms no material changes since its initial announcement. Victory Square continues to comply with alternative information guidelines under NP 12-203.