AppTech Payments (APCX)
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AppTech Payments Reports Positive Second Quarter Financial Results and Strategic Progress
GlobeNewswire News Room· 2024-08-15 00:35
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 ...
AppTech Payments (APCX) - 2024 Q2 - Quarterly Report
2024-08-14 19:00
财务数据分析 - 公司收入约为76,000美元和134,000美元,分别代表三个月和六个月期间的43%和19%的下降,主要由于商户处理收入下降[152][153] - 成本成本约为14,000美元和62,000美元,分别代表三个月和六个月期间的77%和78%的下降,主要由于佣金支付减少[154][155] - 一般及行政费用约为230万美元和480万美元,分别代表三个月和六个月期间的18%和2%的下降,主要由于股票激励费用减少[156][157] - 研发费用约为60万美元和130万美元,分别代表三个月和六个月期间的增加和减少,主要由于股票激励费用变动和外包开发顾问费用变动[158][159] 资产减值 - 于2023年6月,公司终止与Infinios的合作关系,并将之前资本化的6.1百万美元无形资产全额计提减值[160] - 公司评估可识别无形资产的公允价值采用收益法、市场法或成本法[185] - 公司密切监控市场条件、技术进步或业务战略变化等因素,并相应调整无形资产估值[186] - 公司每年对商誉进行减值测试,关键估计包括现金流预测、折现率和长期增长率[188][189] - 一旦确认商誉减值损失,后续不可转回[190] - 公司评估长期资产是否存在减值迹象,并采用预计未来现金流量的折现法确定公允价值[191][192] 融资与成本 - 公司于2024年6月新增贷款,导致利息费用增加[161][162] - 公司于2023年4月偿还了衍生工具负债,导致其他收益减少[165][166] 持续经营 - 公司存在持续经营困难,正在积极寻求额外融资,并采取成本控制措施[169][170][171] 法律纠纷 - 公司与Infinios Financial Services的合作存在争议,双方正在进行仲裁[200][201][202][203][204][205][206][207][208] - 公司评估三名前员工的遣散费索赔,认为发生的可能性较低,未计提相关准备[209]
AppTech Payments Announces Strategic Partnership with FISB Solutions to Upgrade Legacy Banking Systems
Newsfilter· 2024-06-11 19:15
CARLSBAD, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX) ("AppTech" or the "Company"), a pioneering Fintech company powering frictionless commerce, announces today a strategic partnership with FISB Solutions ("FISB") whereby the Company will update the legacy core banking systems represented by FISB with the latest neobank technologies, empowering hundreds of community banks with a competitive advantage in the digital banking era. AppTech Founder and CEO Luke D'Angelo stated, ...
AppTech Payments Announces Commercial Launch of its Banking-as-a-Service (BaaS) Platform Following Successful Pilot Program
Newsfilter· 2024-05-16 19:30
CARLSBAD, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX), a pioneering Fintech company powering frictionless commerce, announces today the successful completion of the pilot program for its Banking-as-a-Service (BaaS) platform. The Company will use this BaaS solution to commercially launch InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high interest-yielding financial products. AppTech CEO Luke D'Angelo stated, "The success of our BaaS pil ...
AppTech Payments Corp. Reports Strong Start to 2024 with Positive First Quarter Financial Results and Strategic Business Advances
Newsfilter· 2024-05-15 19:30
SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX), a pioneering Fintech company powering frictionless commerce, today announced its financial results for the first quarter ended March 31, 2024, demonstrating significant revenue growth and strategic progress. Financial Highlights: Revenue Growth: Reported revenue of approximately $105,000 for Q1 2024, reflecting an 18% increase from $89,000 in the same period last year, driven primarily by dynamic licensing activities and innov ...
AppTech Payments (APCX) - 2024 Q1 - Quarterly Report
2024-05-15 04:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ________________________ Commission file number: 000-39158 AppTech Payments Corp. (Exact Name of Registrant as Speci ...
AppTech Payments Corp. to Present at Sidoti Virtual Investor Conference May 8-9
Newsfilter· 2024-05-02 19:30
CARLSBAD, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX), a pioneering Fintech company powering frictionless commerce, announced Luke D'Angelo, Chairman & CEO, will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 8-9, 2024. The presentation will begin at 4 PM ET on May 8, 2024 and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_EywdQECoQnm9Kc5QXSbGjg. AppTech will also host virtual one ...
AppTech Payments Strategic Partner PayToMe.co Honored with Six American Business Awards® for AI and Technological Excellence
Newsfilter· 2024-05-01 19:30
CARLSBAD, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX) ("AppTech" or the "Company"), a pioneering Fintech company powering frictionless commerce, announces that its strategic partner PayToMe.co has been honored with multiple Stevie® Awards, including two Gold, two Silver, and two Bronze, at the prestigious 22nd Annual American Business Awards®. The American Business Awards are recognized as the premier business awards in the United States, with over 300 professionals globall ...
AppTech Payments to Present at the Planet MicroCap Showcase: Vegas 2024
Newsfilter· 2024-04-24 19:30
公司活动 - AppTech Payments Corp.宣布首席执行官Luke D'Angelo将在Planet MicroCap Showcase: VEGAS 2024上进行企业概述演讲[1] - 投资者可以通过注册链接与D'Angelo进行一对一会议[2] 公司服务 - AppTech Payments Corp.提供数字金融服务,通过公司的可扩展云平台架构和基础设施,以及我们的专业支付开发和交付模型,为金融机构、公司、中小型企业和消费者提供服务[3]
AppTech Payments Corp. Announces 2024 Annual Shareholder Meeting
Newsfilter· 2024-04-12 19:30
公司活动 - AppTech Payments Corp.(NASDAQ:APCX)宣布将于2024年5月29日上午10:00(PST)举行年度股东大会,并将以虚拟形式进行[1] - 股东必须在2024年4月5日的记录日期之前持有股份,才有资格收到年度股东大会通知或任何延期通知[2] 公司业务 - AppTech Payments Corp.提供数字金融服务,面向金融机构、公司、中小型企业和消费者,通过公司的可扩展云平台架构和基础设施,以及我们的专业支付开发和交付模式[3]