AppTech Payments Reports Positive Second Quarter Financial Results and Strategic Progress
AppTech Payments Corp. - Common stock (APCX)
NASDAQ:AMEX Investor Relations:
apptechcorp.com/investor-relations
Company Research
Source: GlobeNewswire
CARLSBAD, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (Nasdaq: APCX) (“AppTech” or the “Company”), a pioneering Fintech company powering frictionless commerce, today announces its financial results for the second quarter ended June 30, 2024, showcasing strategic progress and continued operational efficiency. Financial Highlights Revenue PerformanceReported revenue of approximately $76 thousand for Q2 2024, reflecting a decrease of $134 thousand in the same period last year due to lower merchant processing revenue. This decrease aligns with the Company’s strategic decision to prioritize long-term growth through multiple integrations and the licensing of its innovative product offerings. These initiatives are expected to contribute positively to future quarters, subject to market adoption and customer uptake. Operating EfficiencyOperating expenses were strategically reduced to approximately $3.0 million, a significant improvement from $9.4 million in Q2 2023. T
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APCX
News
- AppTech Payments Provides Shareholder Update Highlighting Recent Strategic Partnership and Growth Milestones [Financial Post (Toronto, Ontario, Canada)]Financial Post
- AppTech Payments Provides Shareholder Update Highlighting Recent Strategic Partnership and Growth MilestonesGlobeNewswire
- AppTech Payments Second Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- AppTech Payments Reports Positive Second Quarter Financial Results and Strategic Progress [Yahoo! Finance]Yahoo! Finance
APCX
Sec Filings
- 9/27/24 - Form S-1
- 9/12/24 - Form 8-K
- 8/29/24 - Form 8-K
- APCX's page on the SEC website