Impressive Financial Results Send Micro-Cap Surging

2025-04-01 11:47:00 ET

On the day before a massive tariff announcement by the White House, this fintech company's shares are surging despite broader market weakness as investors remain skittish about the upcoming “liberation day” announcement.

As mentioned, shares of FDCTech, Inc. (OTCPK: FDCT) are on the move higher as the company announced audited results for the fiscal year 2024 showing strong revenue growth driven by contributions from strategic acquisitions.

Highlights from the financial results include total revenues coming in at $26.94 million in FY 2024, up from $12.75 million in FY 2023 – an increase of 111.24% due to the consolidation of Alchemy Markets Ltd. (AML) and Alchemy Prime Ltd. (APL) for the full 2024 fiscal year, which contributed significantly to revenue expansion.

Gross profit rose to $12.04 million in FY 2024, up from $8.88 million in FY 2023 – an increase of 92.73% due to the consolidation of AML and APL for the full 2024 fiscal year, which contributed significantly to the increase in gross profit.

Lastly, the company’s cash position was $24.78 million as of December 31, 2024.

All very impressive metrics and reinforcing why the company, with a market cap of under $10 million, is seeking to uplist to a senior exchange.

At last check, shares of FDCT were up 23.38% in mid-morning trading.

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