Victory Square Technologies (OTC: VSQTF) Reports Record Net Income of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020

  • Net income increased to $19,733,031 from ($8,917,573) during the same period year over year, for an increase of $28,650,604
  • The Company ended the year with a healthy balance sheet with cash and cash equivalents of $4,551,751

VANCOUVER, British Columbia, April 30, 2021 — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, announces it has filed its audited annual consolidated financial statements for 2020 along with its Management Discussion and Analysis (MD&A) on Friday, April 30th, 2020.

Shafin Diamond Tejani, CEO of Victory Square commented, “I am very pleased with our year-end results; we are well-funded, have a solid portfolio, a strong team and a robust pipeline of catalysts to continue this aggressive growth trajectory. We are confident that this momentum will continue in 2021 and beyond. We’d like to thank our loyal shareholders and look forward to the next phase of this exciting journey.”

Financial Highlights for the year ending December 31, 2020:

  • Net income increased to $19,733,031 from ($8,917,573) during the same period year over year for an increase of $28,650,604
  • Earnings per share increased to $0.30 from ($0.10) during the same period year over year
  • VST ended the quarter with a healthy balance sheet with cash and cash equivalents of $4,551,751

Financial Highlights for the three-month period ending December 31, 2020:

  • Net income increased to $8,462,951 from ($5,148,592) during the same period year over year
  • Earnings per share increased to $0.11 from ($0.07) during the same period year over year

The Company’s audited annual consolidated financial statements for the year ending December 31st, 2020 along with its Management Discussion and Analysis (MD&A) are available under the Company’s profile on SEDAR (www.sedar.com).

Check out VictorySquare.com and 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
Victory Square Technologies Inc.
www.victorysquare.com