AppTech Payments Corp. announced its financial results for the first quarter of 2025, reporting an operating loss of $2.6 million, or $0.08 per share. This represents an improvement compared to an operating loss of $3.0 million, or $0.13 per share, in the same quarter of 2024.
The company's cash basis loss for Q1 2025 was $1.8 million, which is also a reduction from $2.2 million in the first quarter of 2024. These figures indicate progress in enhancing operating efficiency and managing expenses.
Felipe Corrado, AppTech’s CFO, commented that the steps taken to improve the company's financial position are beginning to yield tangible results. He emphasized that the priority remains driving revenue expansion while maintaining cost efficiency to achieve profitable operating results.
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