Quarterly ResultJun 8, 2026, 05:31 PM
FDCTech Restates Q1 2025 Results; Revenue and Net Income Decline
AI Summary
FDCTech, Inc. has filed an amended 10-Q report for the three months ended March 31, 2025, restating previously issued financial statements due to identified errors. The company reported a decrease in revenue to $5,976,948 for Q1 2025, down from $6,376,335 in Q1 2024. Net income also saw a significant decline, falling to $314,122 from $906,255 year-over-year. The restatement involved several adjustments, including reclassification of receivables, recognition of previously unrecorded shares, and corrections to operating results. Despite the decrease in net income, stockholders' equity saw an increase.
Key Highlights
- FDCTech reported Q1 2025 revenue of $5,976,948, a decrease from $6,376,335 in Q1 2024.
- Net income for Q1 2025 was $314,122, down from $906,255 in Q1 2024.
- Net income attributable to FDCTech's shareholders was $292,812 for Q1 2025, compared to $901,550 for Q1 2024.
- Total assets decreased to $30,069,668 as of March 31, 2025, from $33,768,927 as of December 31, 2024.
- Total liabilities decreased to $22,388,630 as of March 31, 2025, from $27,297,576 as of December 31, 2024.
- Stockholders' equity increased to $7,681,038 as of March 31, 2025, from $6,471,351 as of December 31, 2024.
Price Impact
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