Welcome to our dedicated page for Apptech Paym news (Ticker: APCXW), a resource for investors and traders seeking the latest updates and insights on Apptech Paym stock.
AppTech Payments Corp (APCXW) delivers innovative fintech solutions through its payment processing platforms and digital banking technologies. This news hub provides investors and industry observers with essential updates about the company's strategic developments, product launches, and market positioning.
Access real-time announcements including earnings reports, partnership agreements, and technology innovations. Our curated collection ensures you stay informed about APCXW's advancements in secure transaction processing and merchant banking solutions without needing to track multiple sources.
Key updates cover regulatory milestones, intellectual property developments, and operational expansions within the digital payments sector. All content is sourced from verified corporate communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to AppTech Payments' official announcements. Check regularly for updates on how APCXW continues to shape the convergence of banking services and digital commerce infrastructure.
AppTech Payments Corp (NASDAQ: APCX) has launched its new CoreBanking solution, integrated with the FINZEO Platform and its first banking client. The solution offers Digital Onboarding, FedWire, FedACH, Compliance, Virtual Bank Accounts, Risk Management, Ledger, FedNow, and Physical/Virtual Cards.
The CoreBanking platform is projected to generate $40,000 in first-week revenue, scaling to over $500,000 monthly by end-2025. The company aims to help banks improve operational efficiency, enter new markets, and eliminate reliance on outdated technologies while leveraging AppTech's existing client base for transaction fees and deposits.
AppTech has restructured its management team and upgraded technology to drive revenue through 2025's final three quarters, focusing on expanding to community banking clients in the FINZEO pipeline.
AppTech Payments Corp (NASDAQ: APCX) has launched its new Lending Integrations and Processing Platform. The company has successfully underwritten several prominent loan processors and expects significant growth as partners onboard their portfolio companies.
Management projects reaching over 250,000 transactions per month in the near term, operating in a market with millions of monthly transactions. CEO Thomas DeRosa expressed confidence in achieving cash break-even by year-end, citing strong operational momentum.
AppTech Payments Corp (NASDAQ: APCX) reported its Q4 2024 financial results, showing improved performance with a reduced operating loss of $2.1 million ($0.08 per share) compared to $3.4 million ($0.18 per share) in Q4 2023. The full-year 2024 operating loss decreased to $8.8 million ($0.35 per share) from $18.5 million ($1.01 per share) in 2023.
The fintech company underwent significant changes in Q4 2024, including a $5 million investment from a new investor group who gained Board voting control and implemented leadership changes, replacing the CEO and CFO. New CFO Felipe Corrado highlighted organizational improvements, strengthened capital position, reduced expenses, and a narrowed focus on potentially profitable near-term customers. The company will file its 2024 Form 10K on March 31, 2025.
AppTech Payments Corp. (NASDAQ: APCX) has received an extension from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Stock Market. The company must meet specific conditions, including filing a public disclosure by March 31, 2025, demonstrating that its shareholders' equity deficiency has been resolved. This information will be detailed in the company's 2023 10-K filing, expected by March 15, 2025.
Additionally, AppTech has until May 5, 2025, to meet Nasdaq's $1 minimum bid price per share requirement. The Panel approved the company's request to increase its stock price organically, partly based on their compliance with the Equity Rule. CEO Thomas DeRosa expressed confidence in the company's strengthened position following recent restructuring efforts, stating they are poised to generate significant revenue across multiple verticals.
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