Welcome to our dedicated page for Fast Finance news (Ticker: FFPPD), a resource for investors and traders seeking the latest updates and insights on Fast Finance stock.
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Fast Finance Pay Corp (FFPPD) has reported strong financial results for fiscal year 2024, with significant growth across key metrics. The company achieved revenues of $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 reached $568 thousand, up from $244 thousand in the previous year.
CEO Ole Jensen highlighted the company's success across all business units despite challenging market conditions and high interest rates. The company recently implemented a reverse stock split to strengthen its capital structure, aiming to uplist to a major stock exchange. Fast Finance Pay Corp operates as a fintech gateway provider, offering e-merchants a flexible payment platform and maintains OK.de Services, which includes a free email service and OK.secure, an encrypted messaging platform utilizing blockchain technology.
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