FDCTech Q1 revenue flat but tech revenue up 157%; net loss narrows 41%

FDCTECH, INC.

2024-Q1 EPS reported $0.00 revenue$1,545,687

Total revenue $1.55M, essentially flat YoY; tech revenue $173K, up 157%.
Gross margin $296.5K (up 79% from $165.7K); net loss $237.2K (down 41% from $403.9K).
Cash on hand $139.8K as of March 31, 2023, down from $264.8K at year-end 2022.
Company expects to close acquisitions of CIM Securities and NSFX Ltd during fiscal 2023.

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