AppTech Payments Corp (APCX)

[SpaceManTrades]

Here's some highlights from the Reddit post in case some people don't go to Reddit. Great post so it's worth checking out in full.

Highlights

Q1 2022 saw a 3% increase in revenue compared to Q1 2021, which was driven by increased residual payouts

Cash balance is $10.3 million after the IPO early this year, indicating good financial health

Acquisition of Hothand Inc. closed, providing more FinTech patents

AppTech is listed on Nasdaq as of January 2022

Steady gross profit growth in past 3 years

Recent News

North America Payment Processing Expansion: https://ca.finance.yahoo.com/news/apptech-payments-corp-expands-payments-100000059.html

Hothand Inc. Acquisition: https://ca.finance.yahoo.com/news/apptech-payments-corp-closes-acquisition-100000615.html

Q1 2022 Financial Results: https://ca.finance.yahoo.com/news/apptech-payments-reports-first-quarter-203000599.html

New Senior VP of Corporate Finance and Accounting: https://ca.finance.yahoo.com/news/apptech-payments-appoints-julia-yu-100000567.html

Conclusion

With payments and transactions becoming increasingly digitized, a company like AppTech Payments with a number of technology patents could be a long-term player in the space. The company has a strong team with plenty of experience, and I’m excited to see this company expand and gain even more traction in the FinTech space.

Disclaimer: This is not financial advice, always do your due diligence.