FDCTech Reports Revenue Growth and Strategic Expansion

FDCTech, Inc. (OTC: FDCT), a fintech-driven entity specializing in acquiring and integrating small to mid-size legacy financial services firms, recently disclosed its financial results for the periods ending March 31, June 30, and September 30, 2024. The company reported significant revenue growth and strategic expansion, showcasing its robust financial position and commitment to driving long-term shareholder value.

As of September 30, 2024, FDCTech boasted a cash on hand of $27,989,417, a working capital surplus of $8,557,179, and net assets totaling $13,668,296. These figures reflect strategic reinvestments, acquisitions, and an overall enhancement in liquidity and financial strength compared to the prior year.

During the first quarter of 2024, FDCTech reported notable growth with total revenues reaching $6,376,335, representing a substantial increase of 312.52% compared to the same period in 2023. The company’s net income also saw a positive trend, amounting to $833,445 and marking a 471.45% upsurge from the previous year.

In the second quarter of 2024, FDCTech continued its growth trajectory with total revenues of $6,129,521, signifying a 260.47% rise from the same quarter in 2023. However, the net loss during this period stood at $1,045,275, attributed to increased operating expenses.

Moving to the third quarter of 2024, FDCTech generated total revenues of $5,673,008, a 53.20% increase from the previous year, mainly fueled by intensified brokerage operations. Despite a net loss of $649,565, the company’s performance remained solid amidst heightened operating expenses.

FDCTech’s consistent performance in the wealth management segment and substantial growth in technology and trading revenues underscore its strategic focus on expansion through acquisitions and innovative technology integration. The company anticipates further revenue acceleration in Q4 2024, supported by recent acquisitions. While increased operating expenses have impacted net income, FDCTech’s ongoing investments are fundamental for scaling operations and advancing technology solutions, paving the way for long-term shareholder value.

For comprehensive details on FDCTech’s financial results, interested parties can refer to the SEC filings or visit the company’s official website. This press release contains forward-looking statements that might be subject to risks and uncertainties related to economic conditions, future market scenarios, and other factors. The company disclaims any liability for decisions made based on the information provided.



FDCTech’s impressive top-line growth and strengthened working capital highlight the effectiveness of its acquisition and integration initiatives. Although increased operating expenses have temporarily affected net income, these investments are pivotal for scaling operations and advancing technology solutions. This transformational growth trajectory, initiated in 2022, positions the Company to deliver sustained long-term value to shareholders.