Cuentas, Inc. has filed a notification of late filing with the United States Securities and Exchange Commission, indicating that it will delay the submission of its annual report on Form 10-K for the year ended December 31, 2023. The company cited a delay in obtaining and compiling the necessary information required for the report, which could not be resolved without unreasonable effort and expense. Cuentas has stated that it expects to file the report no later than fifteen calendar days past the prescribed due date. Additionally, the company anticipates a significant change in its results of operations, with an expected operating loss of approximately $1,943,000 for 2023, a substantial decrease from the $14,531,000 loss reported in 2022. This change is primarily attributed to a decrease in operating expenses, share-based compensation, and impairment of intangible assets.

Cuentas, Inc. has filed a notification of late filing with the United States Securities and Exchange Commission, indicating that it will delay the submission of its annual report on Form 10-K for the year ended December 31, 2023. The company cited a delay in obtaining and compiling the necessary information required for the report, which could not be resolved without unreasonable effort and expense. Cuentas has stated that it expects to file the report no later than fifteen calendar days past the prescribed due date. Additionally, the company anticipates a significant change in its results of operations, with an expected operating loss of approximately $1,943,000 for 2023, a substantial decrease from the $14,531,000 loss reported in 2022. This change is primarily attributed to a decrease in operating expenses, share-based compensation, and impairment of intangible assets.