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Stock impact report

AppTech Payments Corp. Reports Fiscal Year 2023 Results [Yahoo! Finance]

AppTech Payments Corp. - Common stock (APCX) 
NASDAQ:AMEX Investor Relations: apptechcorp.com/investor-relations
Company Research Source: Yahoo! Finance
commerce, disclosed its financial outcomes for the fiscal year ended December 31, 2023. Comprehensive financial details and the 10-K report are accessible on the SEC website at www.sec.gov Fiscal Year 2023 Financial Highlight Revenue was approximately $504 thousand for the year ended December 31, 2023, compared to $450 thousand for the year ended December 31, 2022, representing an increase of 12%. The increase was principally driven by the new licensing revenue and offset by lower merchant processing revenue. Recent Business Highlights Entered a strategic partnership to build, develop, launch, and manage InstaCash, Inc.'s mobile-to-mobile payment system, and subsequently extended the license to Brazil and Mexico. AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and Visa/MasterCard sponsorship and provide user support services. As part of the partnership, AppTech will receive an equity stake i Show less Read more
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