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Reported Q: Q3 2023 Rev YoY: -21.7% EPS YoY: +71.2% Move: -70.00%

Cuentas Inc

CUENW

$0.000300 -70.00%

Exchange NASDAQ Sector Technology Industry Software Application

Q3 2023

Published: Nov 20, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for CUENW

Reported

Report Date

Nov 20, 2023

Quarter Q3 2023

Revenue

895.00K

YoY: -21.7%

EPS

-0.53

YoY: +71.2%

Market Move

-70.00%

Previous quarter: Q2 2023

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Earnings Highlights

Revenue of $0.90M down 21.7% year-over-year
EPS of $-0.53 increased by 71.2% from previous year
Gross margin of -8.5%
Net income of -1.19M
""Our operational revamp is not just about cutting costs, it's about reinvigorating our services for better market capture and customer retention."" - CEO, Cuentas Inc.

CUENW

Period Q3 2023

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

Cuentas Inc. reported a challenging third quarter of 2023, with a revenue of $895,000, reflecting a significant year-over-year decline of 21.7% and a sequential growth of 2137.5% compared to Q2 2023. Despite a year-on-year gross profit loss reaching -165.52%, management indicated a strategic pivot towards enhancing their mobile and financial services offerings to better engage underserved and unbanked communities. This approach, while proving beneficial, has not yet translated into net profitability, as the company reported a net loss of $1,187,000, though this marks an improvement compared to the $1,412,000 loss in Q2 2023, signaling potential stabilization amid fluctuating operations.

Key Performance Indicators

Revenue

Decreasing

895.00K

QoQ: 2 137.50% | YoY: -21.70%

Gross Profit

Decreasing

-76.00K

-8.49% margin

QoQ: 32.74% | YoY: -165.52%

Operating Income

Increasing

-1.17M

QoQ: -31.35% | YoY: 48.23%

Net Income

Increasing

-1.19M

QoQ: 15.93% | YoY: 47.78%

EPS

Increasing

-0.53

QoQ: 20.90% | YoY: 71.20%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Overview:
- Revenue: $895,000 (QoQ: +2137.5%, YoY: -21.7%)
- Gross Profit: -$76,000 (QoQ: +32.74%, YoY: -165.52%)
- Operating Income: -$1,173,000 (QoQ: -31.35%, YoY: 48.23%)
- Net Income: -$1,187,000 (QoQ: +15.93%, YoY: +47.78%)
- Earnings Per Share (EPS): -$0.53 (QoQ: +20.90%, YoY: +71.20%)
The sequential growth in revenue highlights a bounce back from the second quarter's low but raises concerns about the sustainability of growth given the year-on-year decline. Management's comments on focusing on core service enhancements resonate with the need for improved customer engagement and retention to drive further revenue growth.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	895.00K	-21.70%	2 137.50%
Gross Profit	-76.00K	-165.52%	32.74%
Operating Income	-1.17M	48.23%	-31.35%
Net Income	-1.19M	47.78%	15.93%
EPS	-0.53	71.20%	20.90%

Key Financial Ratios

Gross Profit Margin

Weak

-0.08%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-1.31%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-1.33%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.23%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.59%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.66

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Conservative

0.10

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-0.66x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.56x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	0.00	-0.13	-90.0%	View
Q1 2024	0.64	-0.16	+898.4%	View
Q4 2023	1.35	0.94	+71.0%	View
Q3 2023	0.90	-0.53	-21.7%	View
Q2 2023	0.04	-0.67	-94.0%	View

Cuentas Inc (CUENW) Q3 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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