FDCTech reports 1,985% revenue increase to $3.1M for H1 2022; net loss widens to $748,918

FDCTECH, INC.

2023-Q2 EPS reported -$0.01 revenue$3,066,971

Revenue for six months ended June 30, 2022 was $3,066,971, up from $147,078 in prior year.
Net loss increased to $748,918 from $487,542; net loss as % of revenue improved to 24.42%.
Cash on hand $134,888 as of June 30, 2022, up from $93,546 on Dec 31, 2021.
Stockholders' equity decreased to $1,149,816 from $1,625,448 as of Dec 31, 2021.
Subsidiary ADS had revenue of $8.28M for FY ended June 30, 2022, net income $139.

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