Fast Finance Pay Corp Announces Fiscal Year 2024 Results
Fast Finance Pay Corp (FFPP) has reported strong financial results for fiscal year 2024. The company achieved significant growth with revenues reaching $10.4 million, marking a 130% increase from $4.5 million in 2023. Gross profit rose to $4.5 million from $1.8 million, while net profit increased to $568 thousand from $244 thousand in the previous year.
The company recently implemented a reverse stock split to strengthen its capital structure, aiming to uplist to a major stock exchange. Despite challenging market conditions and high interest rates, all business units performed successfully. The company operates as a fintech gateway provider offering payment solutions for e-merchants, and maintains OK.de Services, which includes a free email platform and OK.secure, an encrypted messaging service.
Fast Finance Pay Corp (FFPP) ha riportato risultati finanziari solidi per l'anno fiscale 2024. L'azienda ha raggiunto una crescita significativa con ricavi che hanno raggiunto 10,4 milioni di dollari, segnando un aumento del 130% rispetto ai 4,5 milioni di dollari del 2023. Il profitto lordo è aumentato a 4,5 milioni di dollari rispetto a 1,8 milioni, mentre il profitto netto è cresciuto a 568 mila dollari rispetto ai 244 mila dollari dell'anno precedente.
L'azienda ha recentemente implementato un reverse stock split per rafforzare la sua struttura di capitale, con l'obiettivo di quotarsi su un'importante borsa valori. Nonostante le difficili condizioni di mercato e i tassi di interesse elevati, tutte le unità aziendali hanno avuto successo. L'azienda opera come fornitore di gateway fintech offrendo soluzioni di pagamento per i commercianti elettronici e mantiene OK.de Services, che include una piattaforma email gratuita e OK.secure, un servizio di messaggistica crittografato.
Fast Finance Pay Corp (FFPP) ha anunciado resultados financieros sólidos para el año fiscal 2024. La compañía logró un crecimiento significativo con ingresos que alcanzaron $10.4 millones, marcando un aumento del 130% respecto a los $4.5 millones de 2023. El beneficio bruto se incrementó a $4.5 millones desde $1.8 millones, mientras que el beneficio neto aumentó a $568 mil desde $244 mil en el año anterior.
La compañía implementó recientemente un reverse stock split para fortalecer su estructura de capital, con el objetivo de cotizar en una bolsa de valores importante. A pesar de las desafiantes condiciones del mercado y de las altas tasas de interés, todas las unidades de negocio operaron con éxito. La empresa opera como proveedor de gateway fintech ofreciendo soluciones de pago para comerciantes electrónicos y mantiene OK.de Services, que incluye una plataforma de correo electrónico gratuita y OK.secure, un servicio de mensajería encriptada.
패스트 파이낸스 페이(Corp FFPP)는 2024 회계연도 동안 강력한 재무 성과를 보고했습니다. 이 회사는 매출이 1천만 4백만 달러에 도달하여 2023년의 450만 달러에 비해 130% 증가하는 중요한 성장을 달성했습니다. 총 이익은 180만 달러에서 450만 달러로 증가했으며, 순이익은 이전 년도의 24만 4천 달러에서 5만 6천 8백 달러로 증가했습니다.
회사는 주요 증권 거래소에 상장하기 위해 자본 구조를 강화하기 위해 최근 역주식분할을 시행했습니다. 어려운 시장 상황과 높은 이자율에도 불구하고 모든 사업 부문은 성공적으로 운영되었습니다. 이 회사는 전자 상거래 상점을 위한 결제 솔루션을 제공하는 핀테크 게이트웨이 공급업체로 운영되며, 무료 이메일 플랫폼과 암호화된 메시징 서비스인 OK.secure를 포함한 OK.de Services를 유지하고 있습니다.
Fast Finance Pay Corp (FFPP) a annoncé des résultats financiers solides pour l'exercice 2024. L'entreprise a connu une croissance significative, avec des revenus atteignant 10,4 millions de dollars, marquant une augmentation de 130% par rapport à 4,5 millions de dollars en 2023. Le bénéfice brut a augmenté à 4,5 millions de dollars contre 1,8 million, tandis que le bénéfice net a grimpé à 568 mille dollars contre 244 mille dollars l'année précédente.
L'entreprise a récemment mis en œuvre un reverse stock split pour renforcer sa structure de capital, dans le but de se coter sur une grande bourse. Malgré des conditions de marché difficiles et des taux d'intérêt élevés, toutes les unités commerciales ont bien performé. L'entreprise opère en tant que fournisseur de passerelles fintech offrant des solutions de paiement pour les commerçants en ligne, et maintient les services OK.de, qui comprennent une plateforme de courrier électronique gratuite et OK.secure, un service de messagerie cryptée.
Fast Finance Pay Corp (FFPP) hat für das Geschäftsjahr 2024 starke Finanzergebnisse gemeldet. Das Unternehmen erzielte ein signifikantes Wachstum, wobei die Einnahmen 10,4 Millionen Dollar erreichten, was einem Anstieg von 130% gegenüber 4,5 Millionen Dollar im Jahr 2023 entspricht. Der Bruttogewinn stieg auf 4,5 Millionen Dollar von 1,8 Millionen, während der Nettogewinn auf 568 Tausend Dollar von 244 Tausend Dollar im Vorjahr anstieg.
Das Unternehmen hat kürzlich einen Reverse Stock Split durchgeführt, um seine Kapitalstruktur zu stärken, mit dem Ziel, an einer großen Börse zu notieren. Trotz herausfordernder Marktbedingungen und hoher Zinssätze waren alle Geschäftseinheiten erfolgreich. Das Unternehmen fungiert als Anbieter von Fintech-Gateways, die Zahlungslösungen für E-Händler anbieten, und betreibt OK.de Services, das eine kostenlose E-Mail-Plattform und OK.secure, einen verschlüsselten Nachrichtenservice, umfasst.
- Revenue growth of 130% year-over-year to $10.4 million
- Gross profit increased 150% to $4.5 million
- Net profit rose 133% to $568 thousand
- Completed reverse stock split to strengthen capital structure
- Positioning for uplisting to major stock exchange
- Operating in challenging market environment with high interest rates
- Relatively modest net profit margins at 5.46% of revenue
NEW YORK CITY, NY / ACCESS Newswire / February 10, 2025 / Fast Finance Pay Corp. (OTC PINK:FFPP) today announced its financial results for the fiscal year ended December 31, 2024. Ole Jensen, CEO, President and Chairman of Fast Finance Pay Corp. stated, "All of our business units were successful throughout the entire year despite the challenging market environment due to high interest rates and uncertainty in some sectors. We saw continued increases in revenues, as well as gross and net profits. Looking ahead, we continue to focus on executing and navigating difficult macroeconomic conditions and believe our past investments strengthened our operations and will optimize the business for the near future."
Results for the Fiscal Year Ended December 31, 2024
Revenues for the twelve months ended December 31, 2024 were
$10.4 million , an increase of130% from$4.5 million in the same period of 2023.Gross profit was
$4.5 million , compared to$1.8 million in the same period of 2023.Net profit was
$568 thousand , as compared to$244 thousand in the same period of 2023.
"We feel we are better positioned than we have been in the past to realize significant positive gains and long-term growth and profitability. We recently announced a reverse stock split that strengthened our capital structure which we believe will allow us to uplist onto a major stock exchange and continue to expand our business and deliver top and bottom-line results that will increase shareholder value," concluded Mr. Jensen.
About Fast Finance Pay Corp.
Fast Finance Pay Corp. is a gateway provider and nascent Fintech, Fast Finance Pay Corp offers a flexible payment platform to assist e-merchants with their online ventures. It allows e-merchants to process all popular payment methods with just one partner, instead of installing a multitude of "payment plugins".
OK.de Services contains the OK.de mobile 'free-mailer' e-mail and end-to-end secure, encrypted, instant messaging service. Ok.de is a free email provider with news, comparison portal and numerous other free services. With this service, we are building an active user interface that is used to connect people all over the world on one platform.
With OK.secure, we released a completely free and absolutely secure Messenger-Service on the market: private and secure messaging with a military level of encryption. Via end-to-end-encryption based on the blockchain-technology, OK.secure provides secure communication with chat, video calls, and cloud storage.
For additional information, visit www.ff24pay-corp.com.
Forward-looking statements
This news release may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 (as amended) and section 21e of the Securities and Exchange Act of 1934 (as amended). Those statements include the intent, belief or current expectations of the Company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.
CONTACT:
Investor Relations
Andrew Barwicki
516-662-9461
andrew@barwicki.com
SOURCE: Fast Finance Pay Corp.
View the original press release on ACCESS Newswire
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