AppTech Payments Corp. reported an operating loss of $2.1 million, or $0.08 per share, for the fourth quarter of 2024. This represents a significant improvement compared to a $3.4 million loss, or $0.18 per share, in the same quarter of 2023.
For the full year 2024, the company's operating loss narrowed to $8.8 million, or $0.35 per share, from $18.5 million, or $1.01 per share, in 2023. CEO Thomas DeRosa noted that these improvements followed significant organizational changes in the fourth quarter.
New CFO Felipe Corrado stated that the company bolstered its capital position, reduced expenses, and narrowed its focus to several potentially near-term and profitable customers. AppTech also announced its intention to file its 2024 Form 10K on March 31, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.