- A diverse portfolio of 25+ innovative companies from around the world (founders from:
Ireland ,Sri Lanka ,Bulgaria ,Australia ,India ,Brazil , theMiddle East andNorth America ) - Sectors include:
Digital Health , Artificial Intelligence (AI), Machine Learning (ML), Blockchain/Web3, Virtual & Augmented Reality (VR/AR), Gaming, Climate Tech - Revenue for the year ended
December 31, 2023 , was$12,055,070 compared to$5,929,096 for the corresponding prior year period. - Cash & liquid securities approx.
$4,903,363 - VST Investor Q&A Webinar on
Thursday May 23rd, 2024
"2023 was a year of continued growth and new opportunities for
Financial Highlights
Revenue
Revenue for the year ended
Cost of Goods Sold
Cost of goods sold for the year ended
Gross Margin
The gross margin for the year ended
Cash & liquid securities approx.
The Company’s consolidated financial statements for the year ended
Notable Portfolio Company Highlights:
Hydreight ( TSXV: NURS )( OTCQB: HYDTF )( FSE: SO6 )
- Hydreight recently announced record revenue for fiscal year 2023, Adjusted Revenue of
$17.05M in 2023 compared toC$8,425,719 in 2022, an annual growth rate of 102% - Expanded service offering with over 2,249 nurses and 107 white-label locations in over 700 cities across 50 states in
the United States . - Hydreight Named one of Canada’s Companies to Watch as part of the 2023 Deloitte Technology Fast 50™ program.
- Hydreight added new patient offerings:
- Semaglutide (GLP-1) injections, that with diet and exercise can help control patients blood sugar and help them lose weight and keep the weight off
- NAD+ or Nicotinamide Adenine Dinucleotide, which clinical studies have shown may help to improve cognitive function, energy, weight management, pain management, and may also reduce and reverse effects of aging and more.
- Hydreight Partnered with
Ola Digital Health , an innovative healthcare company with a network of 300 independent retail pharmacies inthe United States to provide health and wellness services inside its network of brick and mortar locations.
GameOn entered into a definitive software development and support agreement with Sportsology. The total expected value of the deal is$9.3M over five years, with the partnership anticipated to grow and garner further opportunities.- GameOn Partners With
Professional Fighters League (PFL) to Launch Next-Gen Fantasy Games - GameOn Partners With LALIGA, World's
Most-Followed Soccer League , to Launch Next-Gen Fantasy Games
Since 2016, the
- The companies focus is to build leading software and distribution capabilities that will establish its accelerated growth in the fast-growing
$140 Billion VR/AR market (see PwC market analysis here) - The SVR software engine provides everything the modern VR arcade and Family Entertainment Center needs to power its VR experiences, a vital component of many locations internationally.
- SVR is the only platform that supports Free Roam, Room-Scale, and Android-based tetherless Virtual Reality entertainment, a Gold Standard for VR arcade operators.
- SVR provides over 400 Games and other experiences available through its extensive store catalog.
- SVR supports over 450 entertainment center clients with locations across
Europe ,North America ,India ,Southeast Asia andLatin America - SVR also provides Education, Training, and R&D services in the Enterprise sector.
AI Powered Creative Agency : building products and content ranging from creating AI influencers to a new pilot film that uses AI to craft its visual effects.
Covalent CQT
Covalent (CQT) is a long-term data availability solution providing infrastructure that indexes and structures data. Covalent standardizes data from various blockchains and makes it accessible for developers of applications like crypto wallets and AI. It offers three core products supporting over 225 networks across mainnets and testnets: the Unified API, Covalent SDK, and GoldRush Frontend Kit. The Unified API enables developers to query and use any blockchain’s data points in a standardized way. This feature is also available through the Covalent SDK. The GoldRush Kit contains a set of React components that application developers can utilize to build their user interfaces. In short, Covalent cryptographically secures and standardizes all of the extracted blockchain data so developers can query from any chain in a unified way, hence, the Unified API.
- The percentage of staked CQT grew from 22% in Q1 2023 to 29% in Q1 2024, despite a 20% increase (an additional 104 million CQT) in the circulating supply.
- The CQT market cap rose 28% QoQ, reaching
$275 million multiple times before ending Q1 at$199 million . - Covalent announced plans to introduce a revenue-sharing model in the future, implementing a buyback program at the end of January
- Covalent introduced the Ethereum Wayback Machine (EWM), a long-term data availability solution for historical data on Ethereum.
FansUnite (TSX: FANS) (OTCQB: FUNFF)
FansUnite is a global sports entertainment and gaming company. Our business is focused on the regulated and lawful sports betting affiliate market which includes customer acquisition, retention, support and reactivation. FansUnite has established itself as a leader in the North American affiliate market through its subsidiary
- Total revenue of
$23.72 million for the full year of Fiscal 2023 - FansUnite initiated a number of strategic steps to become cash flow positive by the end of the year. These included the sale of BetPrep, McBookie and the Chameleon source code sale to
Betr Holdings . - FansUnite and its subsidiaries received nominations in six award categories at the 2023
EGR North America Awards. Betting Hero, the company's customer acquisition, retention, and development brand, earned recognition in three categories:- Employer of the Year
- Acquisition and Retention Partner of the Year
- Customer Onboarding Partner of the Year
Turnium Technology Group Inc entered into a non-binding Letter of Intent to acquireClaratti Limited , a provider of managed IT Solutions for enterprises covering areas such as internet and telecommunications services, remote work and connectivity, cybersecurity and high-quality hardware and software.Claratti is headquartered inPerth, Australia and serves hundreds of clients acrossAustralia .Turnium Technology Group Inc. Reports Growth in Fiscal Q1 2024 Financial Results- “Turnium is very well positioned to achieve cashflow positive results this year” -
Ralph Garcea , Chairman ofTurnium
CoPilot AI
CoPilot AI, an award-winning SaaS startup, is revolutionizing how businesses grow by humanizing digital interactions at scale. At the heart of our mission is the belief in the power of authentic, mutually beneficial human connections, as the cornerstone of business growth. Through our AI technology, we target qualified prospects on social media, ignite personalized conversations, and unearth timely sales opportunities – all without resorting to cold calling, expensive advertising, or events. Our commitment is to foster a space where our clients can enjoy more meaningful conversations at scale.
- Accelerated growth starting in Q2 with 7% MRR growth in April alone, Q1 was 7% growth the entire quarter.
- 46% growth in our white-label reseller segment YTD, which is also our highest LTV segment
- Expansion into
Asia market with a beachhead already established in HK with the sales pipeline already at$10M
Next Decentrum
Next Decentrum builds transformative tech products and educational programs at the intersection of culture, art, and technology. Momentable.Art: The art experience platform boasting the largest collection of playable classical artworks. Momentable empowers artists and art lovers to enjoy, curate, collect, and share art experiences. Museum Technology Transformation Program: Accelerating the digital transformation of museums so they can leverage emerging technologies including AI, Blockchain, and AR/VR to enrich visitor interactions, streamline operations, and explore new revenue streams. Digital Mastery Blueprint: Educating and empowering and culture professionals with cutting-edge knowledge, helping them thrive in the digital era.
- Launch of Momentable.Art: Successfully launched with over 100,000 classical artworks from 11,000+ artists.
- Integration of Blockchain and AI-driven Features: Blockchain technology on Momentable.Art enables secure digital art transactions. We are also actively developing an AI art and culture companion to improve user interaction and personalization.
- Museum Technology Transformation Pilot Program: Launched in
March 2024 , the pilot program attracted 14 museums and accepted 4 museums who will graduate in June of 2024.
CloudAdvisors
CloudAdvisors is the leading AI and Analytics Platform for private Insurance. CloudAdvisors is the first end-to-end digital platform to evaluate, compare and quote group insurance products. Through proprietary data analysis tools and AI, CloudAdvisors is shaping the future of insurance for employers, brokers, and insurance providers. Their mission is to democratize access to health care coverage through education and awareness, which supports better insurance coverage for everyone.
- 15,000 Employers, 1000
Employee Benefits Advisors (Group Specialists ) and 120 Employee Benefit Providers - 500+ Benefit Products and Services and over 40,000 Policies
Key Partners include: HUB,Health Solutions by Shoppers, Canada Life,Telus Health ,RBC Insurance ,Pacific Blue Cross ,Green Shield Canada , Dexcom,People Corporation ,Rexall Pharmacy Partners , AllState Benefits and more…
Stardust Solar
Stardust is a franchisor of renewable energy installation services including Solar PV (panels) array installation, energy storage, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the industry of renewable energies. Our franchisees install and maintain these clean energy products for residential and commercial purposes. As a franchisor, Stardust supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. As well Stardust supports its franchisees with many services from head office including marketing, sales, engineering, plan sets, customer service, and project management.
Stardust’s competitive advantage is its industry leading certified training programs for the design and installation of renewable energies. Stardust offers certified training courses throughout
- Stardust enters into proposed acquisition by BOLD TSX.V with the deal valued at
$15.4M - Stardust adds
Vitaly Melnikov as CFO in preparation for Q2 listing - Stardust signs 26th and 27th franchise units in
Central Winnipeg and Suburbs ofWinnipeg - Became Certified Installer of Tesla Powerwall (US &
Canada ) - Largest solar training provider in
Canada (2500+ trained & certified)
Safetest Comércio de Diagnósticos is 360-degree health care offering smart, connected devices, at-home diagnostic tests, personalized digital guidance and monitoring, 24/7/365 access to health care professionals, and prescription delivery in
- Received a federal grant in
Brazil for a project using Artificial Intelligence in the diagnosis of neglected diseases, generating quantitative results and data processing to generate epidemiological information in real time - Partnered up with Biominas partnered on a project called Artificial Intelligence in a Point-of-Care Cervical Cancer test for the development of a smartphone based rapid test for the detection of Cervical Cancer.
- Safetest and IBMP (
Molecular Biology Institute ofParaná ) signed an NDA to develop aRapid PCR Point -of-Care test, which has the potential to change the Point-of-Care Diagnostics sector.
Insu Therapeutics
Insu Therapeutics is an innovative, platform technology redefining diabetes treatment with patent-pending, novel non-invasive insulin and peptide-based drugs delivery technology, targeting the daily challenges of over 8.4 million type 1 diabetics and the broader needs of more than 537 million people with diabetes globally. Our vision is to become the industry leader in providing patients with viable alternatives to injectable medicines, and our mission is to make peptide–based medicines orally available to all patients.
- Insu Therapeutics is a UBC (
University of British Columbia ) spinoff company redefining diabetes treatment with patent-pending, novel non-invasive insulin and peptide-based drugs delivery technology. Our platform technology is applicable to all peptide-based drugs ( Insulin GLP1 “Ozempic, Hormones treatment, all are injectables ). We will make these medicines available orally to all patients. - The global diabetes drugs market size was valued at
USD 66.15 billion in 2022, and it is expected to expand fromUSD 79.25 billion in 2023 toUSD 134.08 billion by 2030, exhibiting a CAGR of 7.8%. - Clear and accelerated regulatory pathway with FDA and EMA, leveraging safe and known FDA-approved drugs in a new dosage form.
Victory Square Investor Webinar With CEO
We’re excited to officially invite you to May’s Q&A Investor Webinar with CEO
Please see details for the webinar below:
Date:
Time:
Location: via zoom
Register here:
https://us06web.zoom.us/webinar/register/WN_514Dm_N2TWWGzIlxzgQ2zA
Sign up to VST’s official newsletter at www.VictorySquare.com/newsletter
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
www.victorysquare.com
For further information about
Investor Relations Contact –
Email: ir@victorysquare.com
Telephone: 604 283-9166
Telephone: 604 283-9166
ABOUT
- A diverse portfolio of 25+ innovative companies from around the world (founders come from:
Ireland ,Sri Lanka ,Bulgaria ,Australia ,India ,Brazil , theMiddle East andNorth America ) - Sectors include:
Digital Health , Artificial Intelligence (AI), Machine Learning (ML), Blockchain/Web3, Virtual & Augmented Reality (VR/AR), Gaming, Climate Tech - Owner-operated (approx. 15% Management Ownership)
Business Model:
The
- 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.
VST is a publicly-traded company headquartered in
For more information, please visit www.victorysquare.com.
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