AppTech Payments Corp. Highlights Q1 2025 Financial and Strategic Developments

Rhea-AI Summary

AppTech Payments Corp. (NASDAQ: APCX) has released its Q1 2025 financial results, showing improved performance despite continued losses. The fintech company reported an operating loss of $2.6 million ($0.08 per share), marking an improvement from the $3.0 million loss ($0.13 per share) in Q1 2024. The cash basis loss also decreased to $1.8 million from $2.2 million year-over-year. CFO Felipe Corrado emphasized the company's focus on revenue expansion while maintaining cost efficiency, noting that their financial improvement initiatives are beginning to show results.

Positive

• Reduced operating loss by 13.3% year-over-year from $3.0M to $2.6M
• Improved loss per share from $0.13 to $0.08
• Decreased cash basis loss by 18.2% from $2.2M to $1.8M

Negative

• Company continues to operate at a loss with $2.6M operating deficit in Q1 2025
• Still not achieved breakeven status despite efficiency improvements

CARLSBAD, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech or the “Company”) (NASDAQ: APCX), a fintech company, today announced its First Quarter 2025 financial results. The Company reported an operating loss of $2.6 million ($0.08 per share) versus a $3.0 million loss in the same quarter of 2024 ($0.13 per share). The cash basis loss was $1.8 million versus $2.2 million in 2024.

AppTech seeks to further enhance operating efficiency and has added revenue sources to achieve breakeven, then profitable operating results.

Felipe Corrado, AppTech’s CFO, commented, “The steps we’ve taken to improve our financial position are beginning to yield tangible results. Our priority remains driving revenue expansion while maintaining cost efficiency.”

About AppTech Payments Corp.

AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”), and consumers through the Company’s scalable cloud-based platform architecture and infrastructure. For more information, please visit apptechcorp.com.

Forward-Looking Statements

This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

AppTech Payments Corp.
760-707-5959
info@apptechcorp.com

FAQ

What was AppTech Payments Corp (APCX) Q1 2025 earnings per share?

AppTech reported a loss of $0.08 per share in Q1 2025, improved from a loss of $0.13 per share in Q1 2024.

How much was APCX's operating loss in Q1 2025?

AppTech reported an operating loss of $2.6 million in Q1 2025, compared to $3.0 million in Q1 2024.

What was AppTech's cash basis loss in Q1 2025?

The company's cash basis loss was $1.8 million in Q1 2025, down from $2.2 million in Q1 2024.

What is AppTech's strategy for achieving profitability?

AppTech is focusing on enhancing operating efficiency and adding revenue sources to achieve breakeven and eventually profitable operating results.