The following is a summary of the VSBLTY Groupe Technologies Corp. (VSBGF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• VSBLTY reported Q3 2024 revenue of $249,000, marking a 76% increase compared to Q3 2023, attributed primarily to new contracts such as the Winkel Master Service Agreement.

• Year-to-date revenues reached $868,000, a significant rise from the previous year's $319,000 due to the new acquisitions and service agreements.

• Operating losses decreased from $2.4 million in Q3 2023 to $1.4 million in Q3 2024, due to efficient cost controls and improvements in network architecture.

Business Progress:

• The acquisition of the Master Standing Agreement from Winkel is VSBLTY's most significant bet, positioning them as a change maker in large network deployments.

• Their partnership with Anheuser-Busch and other strategic alliances are viewed as critical to their expansion and implementation of their business plans.

• The development of a new object recognition initiative for the retail sector, aimed at addressing global challenges in digital supply chain management, represents a substantial market opportunity.

Opportunities:

• Leveraging the Master Service Agreement with the Winkel joint venture, which is now profitable on a monthly basis, and expecting to reclaim deferred revenues in 2025.

• Expanding into security solutions with potential large-scale deals due to a unique platform approach in algorithmic model development.

• Implementation of a significant pilot project with a large organization that could lead to deployment in up to 3,000 retail locations in 2025, enhancing their position in retail media.

Risks:

• The ongoing deferral of more than $2.1 million in revenue, although scheduled for payment starting Q1 2025, presents a financial risk if the joint venture fails to comply.

• Relying heavily on the Winkel joint venture and strategic partnerships for significant portions of revenue and operational success.

• Potential delays and uncertainties in securing substantial contracts, particularly in international markets with complex political and economic conditions.

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