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) generates a steady flow of company news centered on financial performance, acquisitions, product launches, and regulatory milestones. As a regulatory-grade financial technology infrastructure developer quoted on the OTC PINK market, FDCTech uses press releases to update investors on its progress in investment and brokerage, wealth management, and technology & software development segments.
Recent news highlights include audited and unaudited financial results, where the company reports revenue growth and profitability measures across its segments. FDCTech also issues announcements when it completes or agrees to significant transactions, such as the acquisition of Alchemy International Ltd., a Seychelles-licensed securities dealer, and the signing of a non-binding Letter of Intent to acquire Steven AB (Xoala), an Electronic Money Institution in Sweden. These updates provide insight into how the company is executing its growth-through-acquisition strategy.
Operational and product news is another key focus. FDCTech publishes updates on initiatives at its subsidiaries, including Alchemy Markets Limited’s launch of a Copy Trading mobile application and the integration of TradingView for direct chart-based trading. These releases describe new platform capabilities, regulatory achievements, and infrastructure enhancements across jurisdictions such as Malta and Mauritius.
Corporate and capital markets developments also appear in FDCTech’s news flow. The company reports shareholder-approved actions related to authorized share increases and potential reverse stock splits, as well as advisory engagements with firms like E.F. Hutton & Co. LLC to explore financing options and a potential uplisting to a senior national securities exchange. Investors and observers who follow FDCTech’s news can track how management communicates its strategy, regulatory progress, and segment performance over time.
FDCTech, Inc. reported significant growth in its fiscal year-end results for December 31, 2022. The company achieved a 1,310% increase in annual revenue, amounting to $6,453,732, and a 2,310% increase in gross margin, reaching $1,018,940. Technology revenues rose by 108% to $626,000.
Despite this impressive revenue growth, FDCTech experienced a net loss of $1,043,045, although this represents a 40% decrease from the previous year's loss. The net loss as a percentage of revenue improved significantly from 379% to 16%. The company's cash balance also increased to $264,829 from $93,546 year-over-year. Upcoming acquisitions, including a stake in CIM Securities and NSFX Ltd., further illustrate the company's expansion strategy.
FDCTech, a fintech acquisition company, has amended the acquisition date for its purchase of a 50.10% stake in New Star Capital Trading Ltd. and its subsidiary NSFX Ltd. from December 31, 2022, to no later than June 30, 2023, complying with the BVI Companies Act. This acquisition allows FDCTech to consolidate NSFX's assets and liabilities once finalized. NSFX is regulated by the Malta Financial Services Authority and provides online trading services in multiple languages, offering clients access to currency, commodity, and cryptocurrency-linked derivatives. The firm aims to expand its digital financial services solutions and enhance its market presence.
FDCTech, Inc. (FDCT) has successfully acquired a 50.10% equity interest in New Star Capital Trading Ltd. and its subsidiary, NSFX Ltd., a Malta-regulated online trading brokerage. The acquisition expands FDCT's portfolio in digital financial services, leveraging NSFX's capabilities in margin trading across various financial assets. NSFX, authorized to operate as a market maker, is set to enhance FDCT's operational infrastructure. The acquisition draws on NSFX's audited financials, indicating minimal liabilities, which could strengthen FDCT's financial standing in the competitive fintech landscape.
FDCTech reported significant growth in revenue for the nine months ended September 30, 2022, with a remarkable increase of 1,980% compared to the previous year, totaling $4,597,097. Despite this growth, the company incurred a net loss of $1,002,849, although the net loss as a percentage of revenue decreased from 442.50% to 21.81%. Cash reserves improved to $246,064 from $93,546 at the end of 2021. FDCTech also announced plans to acquire an 80% equity interest in CIM Securities, marking a strategic move to expand its operations.
FDCT, a fintech company focused on integrating small to mid-size legacy financial services, reported remarkable revenue growth of 1,985% year-over-year for the first half of 2022, totaling $3,066,971. Despite this growth, the company incurred a net loss of $748,918, although the loss as a percentage of revenue decreased from 331.49% to 24.42%. Cash on hand rose to $134,888, and total stockholders' equity decreased to $1,149,816. The company aims to pursue strategic acquisitions in late 2022.
FDCTech, Inc. (FDCT) announced a letter of intent to acquire an 80% equity interest in CIM Securities, an investment bank generating $2.51 million in revenue in 2021. This acquisition aligns with FDCT's growth strategy through mergers and acquisitions and aims to establish a U.S.-based financial services firm within its portfolio. The deal is subject to regulatory approvals, with a closing expected in Q4 2022. This move could enhance FDCT's capabilities in offering integrated financial solutions.
FDCTech, Inc. reported a 2,294.79% revenue increase, totaling $1,541,122 for Q1 2022, primarily due to the acquisition of AD Advisory Services Pty Ltd. The company's net loss rose to $389,196, up from $221,838 in Q1 2021. Cash on hand increased to $297,643 from $93,546 due to a $550,000 promissory note. Total stockholders' equity fell to $1,515,708. The company aims to leverage market opportunities for further acquisitions amidst a steady demand for financial advice.
FDCTech, Inc. (OTCQB: FDCT) has partnered with Freedom Holdings, Inc. (OTC: FHLD) to develop a Blockchain-based Carbon Credit Ecosystem. This initiative aims to enhance liquidity, transparency, and accessibility in voluntary carbon markets. The ecosystem will feature protocols for minting and burning carbon credits as digital tokens, and a trading venue to engage various stakeholders in the carbon credit market. The partnership signifies FDC's capabilities in creating integrated blockchain solutions, supporting FHLD's goal to drive a carbon-neutral economy.
FDCTech has announced its acquisition of AD Advisory Services Pty Ltd. (ADS), gaining a 51% equity stake valued at approximately $3.15 million. This transaction is expected to boost annualized revenue to $5.91 million and provide access to the $2.1 trillion Australian wealth management market.
With $540 million in funds under management and 28 licensed advisers, the acquisition will leverage both FDCTech's software capabilities and ADS's client-centric advisory services to enhance digital wealth management offerings.
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