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ALT5 Sigma (NASDAQ:ALTS), a fintech leader in blockchain-powered digital asset management, has appointed Peter Tassiopoulos as Chief Executive Officer. Tony Issac will transition to President while remaining Chairman of the Board. Tassiopoulos brings over 30 years of leadership experience in healthcare, finance, and technology sectors.
In his new role, Tassiopoulos will guide ALT5 Sigma's strategic vision, oversee healthcare business restructuring, and drive growth in the digital asset marketplace. His experience includes completing over $1 billion in M&A, divestitures, and financing transactions. The company is exploring options to enhance stockholder value through potential strategic realignment and expansion of digital marketplace offerings.
As an inducement, Tassiopoulos was granted 400,000 restricted stock units (RSUs) that vest immediately, subject to the terms of ALT5's 2023 Equity Incentive Plan.
ALT5 Sigma (NASDAQ:ALTS), a fintech company specializing in blockchain-powered technologies for digital asset management, has announced its participation in the SiGMA Budapest show from September 2-4, 2024. The company will be exhibiting at the Hungexpo Budapest Congress and Exhibition Centre Hall E, booth B133, throughout the three-day event.
ALT5 will showcase product demonstrations, solutions, and general information to an expected 17,000+ attendees. Vay Tham, CRO of ALT5 Sigma , expressed enthusiasm about being part of East Europe's premier gaming hub and the opportunity to connect with peers, customers, and partners during this event.
ALT5 Sigma (NASDAQ:ALTS) reported its fiscal Q2 2024 results, covering the period from May 15 to June 29, 2024, following the acquisition of ALT 5 Sigma. Key highlights include:
- Fintech revenues of $2.17 million
- Gross profit of $1.1 million (51% margin)
- Net income from continuing operations of $589,000
- Earnings per share of $0.07
- Cash and cash equivalents of $5.75 million
- Stockholders' equity of $22.9 million
CEO Tony Issac expressed satisfaction with the performance, noting positive momentum in Q3. The company is exploring options for its biotechnology business, including potential spin-off or sale. ALT5 Sigma changed its name from JanOne Inc. effective July 15, 2024.
ALT5 Sigma (NASDAQ:ALTS), a fintech company specializing in blockchain-powered technologies for digital assets, has reported a 114% year-over-year increase in transaction volume for July 2024. The company's transaction volume reached US$179 million in July 2024, up from $84 million in July 2023. ALT5's year-to-date transaction volume stands at $1.05 billion, representing a 101% year-over-year increase.
Chief Revenue Officer Vay Tham noted that the company typically experiences an uptick in transaction volume during the second half of the fiscal year. ALT5 Sigma continues to focus on growth and expanding its solutions to a wider range of organizations in its core markets.
ALT5 Sigma (NASDAQ:ALTS) reported a 99% year-over-year increase in transaction volume to over US $879 million for the first two quarters of 2024. The company's June 2024 transaction volume reached approximately US$124 million, a 68% increase compared to the same period in 2023. ALT5 Sigma, a fintech company providing blockchain-powered technologies for digital asset management, attributes this growth to increasing digital asset adoption, particularly in the institutional market.
The company offers two main platforms: ALT5 Pay, a cryptocurrency payment gateway, and ALT5 Prime, an electronic over-the-counter trading platform. In 2023, ALT5 Sigma processed over US$1.2 billion in cryptocurrency transactions. The company is also involved in biotech activities, focusing on developing innovative solutions to address the opioid crisis.
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