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An update from Victory Square Technologies Inc ( (TSE:VST) ) is now available.
Victory Square Technologies reported significant financial growth in 2024, with adjusted revenue reaching $23 million, up from $17.6 million in 2023. The company achieved strategic milestones, including the sale of BlockX and expansion in healthcare investments, positioning it for continued growth. Hydreight Technologies, a key portfolio company, expanded its digital health platform across the U.S., achieving national recognition and supporting a large network of healthcare professionals. Victory Square also advanced its digital health initiatives and invested in Insu Therapeutics, which is developing an innovative oral insulin tablet for diabetes care.
Spark’s Take on TSE:VST Stock
According to Spark, TipRanks’ AI Analyst, TSE:VST is a Neutral.
Victory Square Technologies Inc displays promising technical momentum and strategic growth initiatives, particularly through its recent corporate events. However, significant challenges remain in terms of profitability and valuation. The company’s financial performance shows ongoing operational inefficiencies and negative cash flow, which weigh heavily on the overall score. Despite this, the technical indicators and positive corporate developments provide a potential for improved future performance.
To see Spark’s full report on TSE:VST stock, click here.
More about Victory Square Technologies Inc
Victory Square Technologies Inc. is a venture builder that invests in and develops high-growth technology companies, focusing on sectors such as digital health. The company is involved in strategic asset monetization and supports the expansion of its portfolio companies, including Hydreight Technologies and Insu Therapeutics.
Average Trading Volume: 76,157
Technical Sentiment Signal: Sell
Current Market Cap: C$17.92M
For an in-depth examination of VST stock, go to TipRanks’ Overview page.