RETRANSMISSION: Fast Finance Pay Corp Announces Fiscal Year 2024 Results
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.
Fast Finance Pay Corp (FFPPD) ha riportato risultati finanziari robusti per l'anno fiscale 2024, con una crescita significativa su vari indicatori chiave. L'azienda ha raggiunto un fatturato di 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 ha raggiunto 568 mila dollari, in aumento rispetto ai 244 mila dollari dell'anno precedente.
Il CEO Ole Jensen ha messo in evidenza il successo dell'azienda in tutte le unità operative nonostante le condizioni di mercato difficili e i tassi di interesse elevati. L'azienda ha recentemente implementato uno split azionario inverso per rafforzare la propria struttura patrimoniale, con l'obiettivo di quotarsi su una borsa valori importante. Fast Finance Pay Corp opera come fornitore di gateway fintech, offrendo ai commercianti online una piattaforma di pagamento flessibile e gestisce OK.de Services, che include un servizio email gratuito e OK.secure, una piattaforma di messaggistica crittografata che utilizza la tecnologia blockchain.
Fast Finance Pay Corp (FFPPD) ha informado sobre resultados financieros sólidos para el año fiscal 2024, con un crecimiento significativo en métricas clave. La compañía logró ingresos de 10,4 millones de dólares, marcando un aumento del 130% desde 4,5 millones de dólares en 2023. El beneficio bruto aumentó a 4,5 millones de dólares desde 1,8 millones, mientras que el beneficio neto alcanzó 568 mil dólares, un incremento desde los 244 mil dólares del año anterior.
El CEO Ole Jensen destacó el éxito de la empresa en todas las unidades de negocio a pesar de las difíciles condiciones del mercado y las altas tasas de interés. La empresa implementó recientemente un dividendo de acciones inverso para fortalecer su estructura de capital, con la intención de listar sus acciones en una gran bolsa de valores. Fast Finance Pay Corp opera como proveedor de gateway fintech, ofreciendo a los comerciantes electrónicos una plataforma de pagos flexible y mantiene OK.de Services, que incluye un servicio de correo electrónico gratuito y OK.secure, una plataforma de mensajería cifrada que utiliza tecnología blockchain.
Fast Finance Pay Corp (FFPPD)는 2024 회계연도에 강력한 재무 결과를 보고했으며, 주요 지표에서 상당한 성장을 기록했습니다. 이 회사는 1,040만 달러의 수익을 달성하여 2023년의 450만 달러에서 130% 증가했습니다. 총 이익은 180만 달러에서 450만 달러로 증가하였으며, 순이익은 24만 4천 달러에서 5만 6천 8백 달러로 증가했습니다.
CEO 올레 예센은 어려운 시장 상황과 높은 금리에도 불구하고 모든 사업 부문에서 회사의 성공을 강조했습니다. 회사는 최근 자본 구조를 강화하기 위해 주식 분할을 시행하였으며, 주요 주식 거래소에 상장하는 것을 목표로 하고 있습니다. Fast Finance Pay Corp는 전자 상거래 업자에게 유연한 결제 플랫폼을 제공하는 핀테크 게이트웨이 제공업체로 운영되며, 무료 이메일 서비스와 블록체인 기술을 이용한 암호화된 메시징 플랫폼인 OK.secure를 포함하는 OK.de Services를 유지하고 있습니다.
Fast Finance Pay Corp (FFPPD) a rendu compte de résultats financiers solides pour l'exercice fiscal 2024, avec une croissance significative dans des indicateurs clés. L'entreprise a réalisé des revenus de 10,4 millions de dollars, marquant une augmentation de 130 % par rapport à 4,5 millions de dollars en 2023. Le bénéfice brut est passé de 1,8 million de dollars à 4,5 millions de dollars, tandis que le bénéfice net a atteint 568 000 dollars, en hausse par rapport à 244 000 dollars l'année précédente.
Le PDG Ole Jensen a souligné le succès de l'entreprise dans toutes ses unités commerciales malgré des conditions de marché difficiles et des taux d'intérêt élevés. L'entreprise a récemment mis en œuvre une division d'actions inversée pour renforcer sa structure de capital, visant à se coter sur une grande bourse. Fast Finance Pay Corp opère en tant que fournisseur de passerelle fintech, offrant aux commerçants en ligne une plateforme de paiement flexible et maintient les services OK.de, qui incluent un service de messagerie électronique gratuit et OK.secure, une plateforme de messagerie cryptée utilisant la technologie blockchain.
Fast Finance Pay Corp (FFPPD) hat für das Geschäftsjahr 2024 starke Finanzergebnisse gemeldet und ein signifikantes Wachstum in wichtigen Kennzahlen erzielt. Das Unternehmen erreichte einen Umsatz von 10,4 Millionen Dollar, 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 Dollar, während der Nettogewinn auf 568 Tausend Dollar anstieg, von 244 Tausend Dollar im Vorjahr.
CEO Ole Jensen hob den Erfolg des Unternehmens in allen Geschäftsbereichen trotz herausfordernder Marktbedingungen und hoher Zinssätze hervor. Das Unternehmen implementierte kürzlich einen Aktiensplit, um seine Kapitalstruktur zu stärken und strebt an, an einer großen Börse gelistet zu werden. Fast Finance Pay Corp fungiert als Anbieter von Fintech-Gateways, der E-Händlern eine flexible Zahlungsplattform bietet und verwaltet OK.de Services, die einen kostenlosen E-Mail-Service und OK.secure, eine verschlüsselte Messaging-Plattform, die Blockchain-Technologie nutzt, umfasst.
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NEW YORK CITY, NY / ACCESS Newswire / February 10, 2025 / Fast Finance Pay Corp. (OTC PINK:FFPPD) 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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