Cuentas Inc Reports Strong Financial Results and Mobility Milestone

Miami Beach, Florida, Sept. 04, 2026 /CourierPR/ -- Cuentas, Inc. (OTCQB: CUEN), a cellular-focused technology company, has reported strong financial results for the second quarter of 2026, along with significant progress in its mobility-centered business strategy. The company announced it now has over 4,000 active mobility customers, marking a milestone in its transformation towards a mobility-focused operating model.

Cuentas, which holds a 51% membership interest in World Mobile LLC, a joint venture with World Mobile Group, has been developing and expanding its mobile services platform through this partnership. The joint venture operates Cuentas’ mobile virtual network operator (MVNO) business, aiming to provide a scalable cellular-mobility platform.

During the second quarter, Cuentas continued to advance its mobile strategy, including the launch of services with International Communications 015 Ltd., doing business as Hallo 015, in April 2026. The company is also preparing to launch Bitcoin Mobile, a service it believes will compete with Cash App Mobile, offering superior features.

Financially, Cuentas reported a significant improvement in cash utilization, with a 71% reduction in operating cash usage compared to the same period in 2025. Net cash used in operating activities for the six months ended June 30, 2026, was $276,000, down from $966,000 in the prior year. The company also generated $335,000 in net cash from financing activities.

Cuentas is actively leveraging its telecommunications platform to develop targeted mobile offerings and pursue additional distribution opportunities. The company's main brands include Bitcoin Mobile, World Mobile, and 015 Mobile. Management believes that combining mobile connectivity with strategic network infrastructure and digital services can help establish recurring telecommunications revenue.

In terms of capital structure, Cuentas completed several key transactions. In the first quarter of 2026, it converted a $260,000 convertible note held by World Mobile Group into 1,277,018 shares of Cuentas common stock, representing approximately 18.5% of the company’s equity. The company also raised approximately $300,000 through a securities transaction in February 2026, issuing 714,286 shares and a five-year warrant to purchase an additional 714,286 shares.

Chief Executive Officer Shalom Arik Maimon noted, “The second quarter represents another important step in Cuentas’ transformation. While our financial statements continue to reflect challenges, our focus is increasingly on businesses and platforms that can generate recurring revenue.”

Cuentas, Inc. is positioned as an integrated communications, entertainment, and lifestyle platform, combining mobile telephony, premium entertainment content, and digital lifestyle services into a single ecosystem. Through its 51% ownership of World Mobile LLC, the company aims to deliver reliable and unique mobile services, including voice, text, data, and next-era communications solutions.

The company’s forward-looking statements, including its plans and expectations for future operations, are subject to risks and uncertainties. Cuentas continues to evaluate additional financing opportunities to support its operating plans and maintain its focus on growth.