ALT5 Sigma reports record Q3 fintech revenue of $4.94M; net income $714K

AI Financial Corp

2024-Q3 EPS reported -$0.24 revenue$7,110,000

Q3 fintech revenue $4.94M, gross profit $2.39M (~48% margin), net income $714K.
Adjusted EBITDA of fintech ~$890K; transaction volume exceeded $600M during Q3.
Board approved separation of fintech and biotech (Alyea Therapeutics) into independent entities, expected H1 2025.
Peter Tassiopoulos appointed CEO Aug 26; Ron Pitters joined board in November.
Post-quarter acquisition of third-party IP to accelerate new feature launches in Q4 and FY2025.

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