FDCTech, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:01 pm EDT
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FDCTech, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.77 million compared to USD 1.53 million a year ago. Revenue was USD 1.77 million compared to USD 1.53 million a year ago. Net income was USD 0.965868 million compared to net loss of USD 0.330227 million a year ago.
For the six months, sales was USD 3.31 million compared to USD 3.07 million a year ago. Revenue was USD 3.31 million compared to USD 3.07 million a year ago. Net income was USD 0.728693 million compared to net loss of USD 0.748918 million a year ago.
FDCTech, Inc. provides financial technology (fintech) and business solutions to OTC Online Brokerages and cryptocurrency businesses (customers). The Company operates through three segments: Wealth Management, Technology and Software Development, and Margin Brokerage Business. The Company operates its Wealth Management segment through its subsidiary, AD Advisory Services Pty Ltd. (ADS). ADS provides licensing solutions for financial advisers and accountants in Australia. ADS offers financial planners different licensing, compliance and education solutions to meet their practiceâs specific needs. It operates its Technology & Software Development segment through its subsidiary, Condor Trading Technology, which is a technology provider and software developer in the cryptocurrency or digital asset space. It operates its Margin Brokerage Business segment through its subsidiary, NSFX Ltd, which is an online trading brokerage firm.
FDCTECH, INC. 
