Viewbix Inc. Files Q3 2024 10-Q
Ticker: VBIX · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 797542
Sentiment: neutral
Topics: 10-Q, financials, software
TL;DR
Viewbix Q3 10-Q is in! Check financials for 2024 vs 2023.
AI Summary
Viewbix Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Virtual Crypto Technologies, Inc., is based in Herzliya, Israel. The filing covers financial information for the third quarter and the first nine months of 2024, comparing it to the same periods in 2023. Specific financial figures for revenue, net income, and assets are detailed within the report.
Why It Matters
This 10-Q filing provides investors with the latest financial performance data for Viewbix Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can reveal significant risks or opportunities, but without specific financial data presented here, a definitive risk level is hard to assign.
Key Numbers
- Q3 2024 — Reporting Period (Financials for the third quarter of 2024 are detailed.)
- First nine months of 2024 — Reporting Period (Financials for the year-to-date period ending September 30, 2024.)
Key Players & Entities
- Viewbix Inc. (company) — Filer of the 10-Q
- Virtual Crypto Technologies, Inc. (company) — Former name of Viewbix Inc.
- 20240930 (date) — End of reporting period
- 20241119 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 19, 2024.
What was Viewbix Inc.'s former company name?
Viewbix Inc. was formerly known as Virtual Crypto Technologies, Inc.
Where is Viewbix Inc. located?
Viewbix Inc. is located at 14 Aryeh Shenkar Street, Herzliya, Israel.
What is the Standard Industrial Classification for Viewbix Inc.?
The SIC code for Viewbix Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 4,678 words · 19 min read · ~16 pages · Grade level 12.9 · Accepted 2024-11-19 16:01:33
Key Financial Figures
- $1 — 6 (*) Represents an amount less than $1. The accompanying notes are an integr
Filing Documents
- form10-q.htm (10-Q) — 1224KB
- ex31-1.htm (EX-31.1) — 10KB
- ex31-2.htm (EX-31.2) — 10KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- 0001493152-24-046797.txt ( ) — 6032KB
- vbix-20240930.xsd (EX-101.SCH) — 44KB
- vbix-20240930_cal.xml (EX-101.CAL) — 56KB
- vbix-20240930_def.xml (EX-101.DEF) — 175KB
- vbix-20240930_lab.xml (EX-101.LAB) — 344KB
- vbix-20240930_pre.xml (EX-101.PRE) — 262KB
- form10-q_htm.xml (XML) — 994KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 3 ITEM 1.
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 3 ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS 33 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 45 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 46
- OTHER INFORMATION
PART II - OTHER INFORMATION 46 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 46 ITEM 1A.
RISK FACTORS
RISK FACTORS 46 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 48 ITEM 3. DEFAULT UPON SENIOR SECURITIES 48 ITEM 4. MINE SAFETY DISCLOSURE 48 ITEM 5. OTHER INFORMATION 48 ITEM 6. EXHIBITS 48
SIGNATURES
SIGNATURES 49 -3- PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) September 30, 2024 CONTENTS Page Interim Condensed Consolidated Balance Sheets (unaudited) 4 - 5 Interim Condensed Consolidated Statements of Operations (unaudited) 6 Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (unaudited) 7 – 9 Interim Condensed Consolidated Statements of Cash Flows (unaudited) 10 – 11 Notes to the Interim Condensed Consolidated Financial Statements (unaudited) 12 - 32 -4- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) U.S. dollars in thousands (except share data) As of September 30 As of December 31 Note 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents 1,405 1,774 Restricted deposits 42 149 Accounts receivable 6,091 11,359 Loan to parent company 3 3,923 3,752 Other current assets 1,433 771 Total current assets 12,894 17,805 NON-CURRENT ASSETS Deferred taxes 83 147 Property and equipment, net 36 245 Operating lease right-of-use asset 4 - 397 Intangible assets, net 5 10,273 12,434 Goodwill 5 7,515 12,254 Total non-current assets 17,907 25,477 Total assets 30,801 43,282 The accompanying notes are an integral part of these Interim Condensed Consolidated financial statements. -5- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Cont.) U.S. dollars in thousands (except share data) As of September 30 As of December 31 Note 2024 2023 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 9,970 12,359 Short-term loans 6 2,601 5,000 Current maturities of long-term loans 6 2,480 1,440 Embedded derivatives 6,7 290 - Short-term convertible loans 6 756 - Other payables 834 889 Operating lease liabilities - short term 4 -