See more : Tata Chemicals Limited (TATACHEM.BO) Income Statement Analysis – Financial Results
Complete financial analysis of FDCTech, Inc. (FDCT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FDCTech, Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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FDCTech, Inc. (FDCT)
About FDCTech, Inc.
FDCTech, Inc. operates as a technology provider and software developer in the cryptocurrency or digital asset space. It operates Condor Pro Multi-Asset Trading Platform, a commercial trading platform primarily for day traders and retail investors. The company's Condor Pro Multi-Asset Trading Platform features front-end, back-end, news feeds, and charting system, as well as risk management, pricing engine, and connectivity to liquidity providers or market makers. It serves markets, such as forex, stocks, commodities, cryptocurrencies, and other financial products. The company was formerly known as Forex Development Corporation and changed its name to FDCTech, Inc. in February 2018. FDCTech, Inc. was incorporated in 2016 and is based in Irvine, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.75M | 6.45M | 457.66K | 215.41K | 415.16K | 536.40K | 555.36K | 61.45K |
| Cost of Revenue | 6.51M | 5.43M | 415.38K | 251.96K | 117.55K | 8.64K | 8.64K | -5.59K |
| Gross Profit | 6.25M | 1.02M | 42.28K | -36.55K | 297.61K | 527.76K | 546.72K | 67.04K |
| Gross Profit Ratio | 48.98% | 15.79% | 9.24% | -16.97% | 71.68% | 98.39% | 98.44% | 109.09% |
| Research & Development | 0.00 | 159.05K | 274.46K | 251.96K | 117.55K | 17.75K | 99.77K | 16.12K |
| General & Administrative | 2.94M | 1.68M | 1.13M | 337.63K | 470.09K | 529.69K | 634.33K | 251.49K |
| Selling & Marketing | 1.51M | 382.86K | 648.83K | 24.53K | 23.22K | 77.01K | 153.33K | 39.62K |
| SG&A | 4.46M | 2.06M | 1.78M | 362.16K | 493.31K | 606.70K | 787.65K | 267.28K |
| Other Expenses | 213.91K | 204.00 | 8.93K | 4.08K | 12.00 | -1.81K | 139.00 | 0.00 |
| Operating Expenses | 4.67M | 2.06M | 1.78M | 362.16K | 493.31K | 606.70K | 787.65K | 267.28K |
| Cost & Expenses | 11.18M | 7.50M | 2.19M | 614.12K | 610.86K | 615.34K | 796.29K | 282.06K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.75K |
| Interest Expense | 6.85K | 61.53K | 11.56K | 63.86K | 60.00K | 60.34K | 153.76K | 0.00 |
| Depreciation & Amortization | 236.41K | 159.05K | 274.46K | 251.96K | 117.55K | 8.64K | 91.13K | 14.78K |
| EBITDA | 1.81M | -835.53K | -1.45M | -142.67K | -78.14K | -72.12K | -149.67K | -205.77K |
| EBITDA Ratio | 14.20% | -13.69% | -316.97% | -66.23% | -18.82% | -13.44% | -41.80% | -334.96% |
| Operating Income | 1.58M | -1.04M | -1.73M | -398.71K | -195.70K | -78.95K | -240.94K | -220.61K |
| Operating Income Ratio | 12.37% | -16.16% | -378.90% | -185.09% | -47.14% | -14.72% | -43.38% | -359.01% |
| Total Other Income/Expenses | -9.42K | -61.33K | -2.64K | -59.78K | -59.99K | -62.14K | -153.62K | -23.55K |
| Income Before Tax | 1.57M | -1.10M | -1.74M | -458.49K | -255.69K | -141.09K | -394.56K | -244.16K |
| Income Before Tax Ratio | 12.29% | -17.11% | -379.47% | -212.85% | -61.59% | -26.30% | -71.05% | -397.33% |
| Income Tax Expense | 0.00 | -1.36K | 23.70K | 67.93K | 60.01K | -1.81K | 153.90K | 3.00 |
| Net Income | 1.57M | -1.10M | -1.76M | -526.42K | -315.70K | -141.09K | -394.56K | -244.16K |
| Net Income Ratio | 12.29% | -17.09% | -384.65% | -244.38% | -76.04% | -26.30% | -71.05% | -397.33% |
| EPS | 0.00 | -0.01 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | 0.00 |
| EPS Diluted | 0.00 | -0.01 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | 0.00 |
| Weighted Avg Shares Out | 329.49M | 158.05M | 86.06M | 69.31M | 68.63M | 68.56M | 67.24M | 68.63M |
| Weighted Avg Shares Out (Dil) | 329.49M | 158.05M | 86.06M | 69.31M | 68.63M | 68.63M | 68.63M | 68.63M |
FDCTech Provides Updates on the Definitive Agreement for the Acquisition of Alchemy Group Companies and Direct Investment
The Company updated the Acquisition Date to November 30, 2023, for full ownership of Alchemy Prime Ltd. (Alchemy UK) and the remaining 49.90% stake in Alchemy Markets Ltd. (Alchemy Malta) for Series B Preferred Stock, valued at $1.41 per share.
FDCTech's Quarterly Release for the Third Quarter (FY23 Q3) Results
Compared to the previous period, the Company enhanced its technology business by 140% and 180% for the three and nine months ending September 30, 2023.
FDCTech Signs the Definitive Agreement to Merge with Alchemy Group, Seeks Uplist
The Company acquires 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta). Post-merger, the Company will control 100% of Alchemy Malta.
FDCTech sees 1Q technology revenue jump boosting overall gross profit margins
FDCTech (OTCQB:FDCT) Inc posted first quarter financial results that saw a 157% year-on-year increase in the company's technology revenue, boosting overall gross profit margins. For the period ended March 31, 2023, the Irvine, California-based financial technology company reported total revenue...
FDCTech sees 2022 fiscal year revenue rocket by 1,310% as it integrates wealth management and tech businesses
FDCTech (OTCQB:FDCT) Inc posted 2022 fiscal year results that saw its full-year revenue leap 1,310% year-over-year after the successful integration of its rapidly growing wealth management and enhanced technology businesses. For the year ending December 31, 2022, the Irvine, California-based...
FDCTech buys controlling stake in Malta-based online brokerage firm
FDCTech (OTCQB:FDCT) Inc has acquired a majority interest in an online trading brokerage firm by completing a sales purchase agreement with its British Virgin Islands-based parent company. FDCTech (OTCQB:FDCT) bought a 50.1% interest in New Star Capital Trading Ltd and...
FDCTech sees nine months of revenue rocket by 1,980% thanks to successful integration of wealth management business
FDCTech Inc (OTCQB:FDCT), which specializes in buying and integrating small to midsize legacy financial services companies, posted its latest financial results that saw nine months of revenue jump by 1,980% year-over-year due to the successful integration of its wealth management business....
FDCTech reports 1,985% leap in six-month revenue reflecting the continued successful integration of its wealth management business
FDCTech (OTCQB:FDCT) Inc, a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, has announced its results for the half-year ended June 30, 2022, which showed a 1,985% increase in revenue reflecting the continued successful integration of...
FDCTech to acquire 80% equity interest in US investment bank CIM Securities
FDCTech (OTCQB:FDCT) Inc has announced that it has signed a letter of intent to acquire an 80% equity interest in independent investment bank CIM Securities LLC. The company said the strategic acquisition aligned with its growth strategy through mergers and...
FDCTech Announces the Termination of Genesis Financial Inc. Stock Purchase Agreement
Irvine, CA, Aug. 27, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT ), a fully integrated financial technology company with a full suite of digital financial services solutions, today announced that it had terminated effective immediately...
Source: https://incomestatements.info
Category: Stock Reports