Welcome to our dedicated page for Fdctech news (Ticker: FDCT), a resource for investors and traders seeking the latest updates and insights on Fdctech stock.
FDCTech Inc (FDCT) delivers specialized technology solutions for foreign exchange and cryptocurrency markets through its customizable B2B platforms. This news hub provides investors and financial professionals with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access timely announcements including earnings reports, product enhancements, and regulatory compliance updates. Our curated collection simplifies tracking FDCTech's progress in bridging traditional FX expertise with emerging digital asset innovations.
Key updates cover platform integrations like MetaTrader 4 connectivity, real-time analytics advancements, and leadership initiatives driving the company's market position. Bookmark this page for consolidated access to verified FDCTech disclosures and objective analysis of their financial technology ecosystem impact.
FDCTech (FDCT) reported significant growth in fiscal year 2024, with total revenues reaching $26.94 million, a 111.24% increase from $12.75 million in FY 2023. This growth was primarily driven by the full-year consolidation of Alchemy Markets (AML) and Alchemy Prime (APL).
Key financial metrics include:
- Net profit of $80,027 in FY 2024 (down from $1.57 million in FY 2023)
- Gross profit of $12.04 million (up 92.73%)
- Cash position of $24.78 million
- Working capital surplus of $9.42 million (up 21.94%)
Segment performance showed strong growth in Investment and Brokerage revenue (+274.86% to $18.80 million) and Wealth Management (+9.63% to $6.50 million), while Technology & Software Development decreased by 9.35% to $1.64 million. Strategic achievements included AML's acquisition of over 2,361 clients and expansion into EU markets through new offices in Cyprus, Malta, and the UK.
FDCTech (FDCT) has announced its intention to uplist to a senior national securities exchange, either the Nasdaq Capital Market or NYSE. The company has engaged Lucosky Brookman LLP to assist with the uplisting process. FDCTech, a fintech company focused on acquiring and integrating small to mid-size legacy financial services firms, aims to enhance shareholder value and increase market visibility through this move.
However, the company currently does not meet the necessary financial and regulatory criteria for uplisting, and there is no guarantee of meeting these requirements or receiving approval in the future. FDCTech's core business involves developing regulatory-grade financial technology infrastructure for future financial markets, serving various types of brokerages and trading firms dealing in forex, stocks, CFDs, and other asset classes.
FDCTech's wholly owned subsidiary, Alchemy Markets, has been awarded the 'Best Emerging Broker MEA 2025' at the UF Awards MEA, following its successful acquisition in Q4 2023. This recognition highlights the company's rapid growth in the Middle East and Africa region.
The award validates FDC's strategic approach to acquiring and enhancing legacy financial services firms through technological innovation. Alchemy Markets stands out with several key offerings:
- High-performance trading with ultra-low latency execution
- Interest-bearing accounts for uninvested funds
- Localized MEA services with multilingual support
- Institutional-grade liquidity from over 20 global providers
The company plans to further expand its market reach, introduce innovative trading products, and enhance client experience while strengthening its position in the MEA region.
FDCTech (FDCT) has announced signing a Letter of Intent to acquire Alchemy Global, a Seychelles-registered securities dealer. The acquisition, expected to close by Q3 2025, aims to establish FDC's presence in Middle Eastern and Asian markets.
The deal structure involves purchasing 100% of Alchemy Global's shares for Own Funds Capital plus a $2 million premium minus the Own Funds Capital. Alchemy Global's financial performance shows strong metrics with revenues exceeding $4 million, net income of $2.2 million, and net assets of $3.88 million for the nine months ending September 2024. The company also maintains $6.7 million in client funds and a working capital surplus of $3.80 million.
Post-acquisition, FDC plans to integrate its proprietary trading platform and risk management systems into Alchemy Global's operations. The strategic move leverages Seychelles' reputation as a premier jurisdiction for FX brokers, joining major players like Plus500, XTB, and eToro in the region.
FDCTech (FDCT) has reported significant expansion in European markets through its subsidiary Alchemy Markets (AML) for the period ending September 30, 2024. The company achieved two notable client acquisitions: approximately 2,631 clients from Next Markets with €5.6 million in client equity, primarily German retail investors trading CFDs and equities, and 35 clients from a Cypriot-based brokerage with €800,000 in client equity, mostly French-speaking clients.
Additionally, AML secured authorization under Malta's Investment Services Act to offer equities and money market securities, enabling the company to provide stocks and interest-yielding products. These strategic moves mark FDCT's entry into both German and French retail markets, aligning with its strategy to scale operations and diversify revenue streams across European markets.
FDCTech (FDCT) reported its financial results for Q1-Q3 2024, showing significant revenue growth but mixed profitability. Cash position stood at $27.9M as of September 30, 2024, down from $31.3M in December 2023. The company achieved a working capital surplus of $8.5M, improving from a $7.4M deficit.
Revenue highlights include: Q1 2024 revenue of $6.3M (+312.52% YoY), Q2 2024 revenue of $6.1M (+260.47% YoY), and Q3 2024 revenue of $5.6M (+53.20% YoY). Nine-month revenue reached $18.1M, up 161.60% YoY. However, the company reported a net loss of $861,395 for the nine-month period, compared to a net income of $320,829 in the previous year, primarily due to increased operating expenses.
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