AppTech Payments Corp. Highlights Q4 2024 Financial and Strategic Developments
AppTech Payments Corp (NASDAQ: APCX) reported its Q4 2024 financial results, showing improved performance with a reduced operating loss of $2.1 million ($0.08 per share) compared to $3.4 million ($0.18 per share) in Q4 2023. The full-year 2024 operating loss decreased to $8.8 million ($0.35 per share) from $18.5 million ($1.01 per share) in 2023.
The fintech company underwent significant changes in Q4 2024, including a $5 million investment from a new investor group who gained Board voting control and implemented leadership changes, replacing the CEO and CFO. New CFO Felipe Corrado highlighted organizational improvements, strengthened capital position, reduced expenses, and a narrowed focus on potentially profitable near-term customers. The company will file its 2024 Form 10K on March 31, 2025.
AppTech Payments Corp (NASDAQ: APCX) ha riportato i risultati finanziari del Q4 2024, mostrando un miglioramento delle performance con una perdita operativa ridotta a $2,1 milioni ($0,08 per azione) rispetto ai $3,4 milioni ($0,18 per azione) del Q4 2023. La perdita operativa per l'intero anno 2024 è scesa a $8,8 milioni ($0,35 per azione) dai $18,5 milioni ($1,01 per azione) del 2023.
La società fintech ha subito cambiamenti significativi nel Q4 2024, inclusi un investimento di $5 milioni da un nuovo gruppo di investitori che ha acquisito il controllo del voto nel Consiglio e ha implementato cambiamenti nella leadership, sostituendo il CEO e il CFO. Il nuovo CFO Felipe Corrado ha evidenziato miglioramenti organizzativi, una posizione patrimoniale rafforzata, una riduzione delle spese e un focus ristretto su clienti potenzialmente redditizi a breve termine. L'azienda presenterà il suo Modulo 10K del 2024 il 31 marzo 2025.
AppTech Payments Corp (NASDAQ: APCX) reportó sus resultados financieros del Q4 2024, mostrando un mejor rendimiento con una pérdida operativa reducida de $2.1 millones ($0.08 por acción) en comparación con $3.4 millones ($0.18 por acción) en el Q4 2023. La pérdida operativa del año completo 2024 disminuyó a $8.8 millones ($0.35 por acción) desde $18.5 millones ($1.01 por acción) en 2023.
La compañía fintech experimentó cambios significativos en el Q4 2024, incluyendo una inversión de $5 millones de un nuevo grupo de inversores que adquirió el control de votación en la Junta e implementó cambios en el liderazgo, reemplazando al CEO y al CFO. El nuevo CFO Felipe Corrado destacó mejoras organizativas, una posición de capital fortalecida, reducción de gastos y un enfoque más estrecho en clientes potencialmente rentables a corto plazo. La empresa presentará su Formulario 10K de 2024 el 31 de marzo de 2025.
AppTech Payments Corp (NASDAQ: APCX)는 Q4 2024 재무 결과를 발표하며, Q4 2023의 $3.4 백만 ($0.18 per share)과 비교하여 $2.1 백만 ($0.08 per share)로 운영 손실이 감소하여 개선된 성과를 보여주었습니다. 2024년 전체 운영 손실은 2023년의 $18.5 백만 ($1.01 per share)에서 $8.8 백만 ($0.35 per share)로 감소했습니다.
핀테크 회사는 Q4 2024에 상당한 변화를 겪었으며, 새로운 투자자 그룹으로부터 $5 백만의 투자를 받았고, 이들은 이사회 투표 권한을 얻고 CEO와 CFO를 교체하는 리더십 변화를 시행했습니다. 새로운 CFO인 Felipe Corrado는 조직 개선, 강화된 자본 위치, 비용 절감 및 잠재적으로 수익성 있는 단기 고객에 대한 집중을 강조했습니다. 회사는 2024년 Form 10K를 2025년 3월 31일에 제출할 예정입니다.
AppTech Payments Corp (NASDAQ: APCX) a publié ses résultats financiers du Q4 2024, montrant une performance améliorée avec une perte d'exploitation réduite à 2,1 millions de dollars (0,08 $ par action) par rapport à 3,4 millions de dollars (0,18 $ par action) au Q4 2023. La perte d'exploitation pour l'année entière 2024 a diminué à 8,8 millions de dollars (0,35 $ par action) contre 18,5 millions de dollars (1,01 $ par action) en 2023.
L'entreprise fintech a subi des changements significatifs au Q4 2024, y compris un investissement de 5 millions de dollars d'un nouveau groupe d'investisseurs qui a obtenu le contrôle du vote au Conseil et a mis en œuvre des changements de direction, remplaçant le PDG et le CFO. Le nouveau CFO Felipe Corrado a souligné les améliorations organisationnelles, un renforcement de la position de capital, une réduction des dépenses et un accent mis sur des clients potentiellement rentables à court terme. L'entreprise déposera son Formulaire 10K 2024 le 31 mars 2025.
AppTech Payments Corp (NASDAQ: APCX) hat seine finanziellen Ergebnisse für das Q4 2024 veröffentlicht und zeigt eine verbesserte Leistung mit einem reduzierten Betriebsverlust von $2,1 Millionen ($0,08 pro Aktie) im Vergleich zu $3,4 Millionen ($0,18 pro Aktie) im Q4 2023. Der Betriebsverlust für das gesamte Jahr 2024 sank auf $8,8 Millionen ($0,35 pro Aktie) von $18,5 Millionen ($1,01 pro Aktie) im Jahr 2023.
Das Fintech-Unternehmen durchlief im Q4 2024 erhebliche Veränderungen, einschließlich einer $5 Millionen Investition von einer neuen Investorengruppe, die die Stimmkontrolle im Vorstand erlangte und Führungswechsel umsetzte, indem sie den CEO und CFO ersetzte. Der neue CFO Felipe Corrado hob organisatorische Verbesserungen, eine gestärkte Kapitalposition, reduzierte Ausgaben und einen fokussierten Ansatz auf potenziell rentable kurzfristige Kunden hervor. Das Unternehmen wird sein 2024 Formblatt 10K am 31. März 2025 einreichen.
- 52% reduction in Q4 operating loss year-over-year ($2.1M vs $3.4M)
- 52% improvement in full-year operating loss ($8.8M vs $18.5M)
- $5 million new capital investment secured
- Reduced operational expenses
- Still operating at a loss of $2.1M in Q4 2024
- Significant management turnover with CEO and CFO replacement
- Full-year losses remain substantial at $8.8M
CARLSBAD, Calif., March 07, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech or the “Company”) (NASDAQ: APCX), a fintech company, today shared its Fourth Quarter 2024 financial results. The Company reported an operating loss of
The operating loss for the full year 2024 was
CEO Thomas DeRosa noted that AppTech underwent significant organizational changes in the fourth quarter when a new investor group committed
The company also announced it would file its 2024 Form 10K on March 31, 2025.
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
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