secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001493152-22-012801
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315222012801/0001493152-22-012801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315222012801/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-012801

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