Quarterly ResultJun 8, 2026, 05:31 PM
FDCTech Restates Financials, Swings to Q3 Profit
AI Summary
FDCTech, Inc. has filed an amended 10-Q report for the period ending September 30, 2025, restating previously issued financial statements due to identified errors. The company reported a slight increase in Q3 revenue to $5.87 million, but nine-month revenue decreased to $17.27 million. Notably, the company swung to a net income of $655,487 for Q3 2025, a significant improvement from a net loss in the prior year period, and reported a net income of $510,376 for the nine-month period, compared to a loss in 2024. Total assets and liabilities saw a decrease.
Key Highlights
- FDCTech, Inc. reported Q3 2025 revenue of $5.87M, a slight increase from $5.67M in Q3 2024.
- For the nine months ended Sep 30, 2025, revenue was $17.27M, down from $18.18M in the prior year period.
- Net income attributable to FDCTech's shareholders was $655,487 for Q3 2025, a significant improvement from a net loss of ($607,207) in Q3 2024.
- For the nine months ended Sep 30, 2025, net income attributable to shareholders was $510,376, compared to a net loss of ($679,134) for the same period in 2024.
- Total assets decreased to $32.12M as of Sep 30, 2025, from $33.77M as of Dec 31, 2024.
- Total liabilities decreased to $23.64M as of Sep 30, 2025, from $27.30M as of Dec 31, 2024.
- The company restated its financial statements for the three and nine months ended September 30, 2025, due to errors.
Price Impact
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