FDCTech Q1 revenue surges 2,295% to $1.54M on acquisition; net loss widens to $389K

FDCTECH, INC.

Consolidated revenue $1,541,122 vs $64,353 in prior-year period, a 2,295% increase driven by AD Advisory acquisition.
Net loss widened to $389,196 from $221,838 in Q1 2021.
Cash on hand $297,643 at March 31, 2022, up from $93,546 at Dec 31, 2021, partly from $550,000 promissory note.
ADS subsidiary contributed $1,473,622 revenue and net profit of $30,098 for the quarter.
Company expects to test Condor Investing App by end of June 2022 and commercialize NFT marketplace by end of Q2 2022.

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