An announcement from FDCTech ( (FDCT) ) is now available.
FDCTech, Inc. reported a significant revenue growth of over 111% for the fiscal year 2024, primarily driven by the full-year contributions from its strategic acquisitions of Alchemy Markets Ltd. and Alchemy Prime Ltd. Despite a decrease in net profit compared to 2023, the company saw robust revenue expansion across its investment and brokerage, wealth management, and technology solution segments. The integration of the acquired companies expanded FDCTech’s presence in the EU, and the company launched new offices in Cyprus, Malta, and the UK. The company is well-positioned for future growth with a strong capital position and a scalable platform.
More about FDCTech
FDCTech, Inc. is a financial technology infrastructure developer that caters to regulated and OTC brokerages, as well as proprietary and algorithmic trading firms across various asset classes such as forex, stocks, commodities, indices, ETFs, and precious metals. The company focuses on acquiring and integrating small to mid-size legacy financial services companies, utilizing its proprietary trading technology and liquidity solutions to provide exceptional value to its clients.
Average Trading Volume: 343,718
Technical Sentiment Signal: Buy
Current Market Cap: $9.57M
Find detailed analytics on FDCT stock on TipRanks’ Stock Analysis page.