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Stock impact report

MMTEC, INC. Announces 2019 Year-End Financial Results

MMTec, Inc. - Common Shares (MTC)  More Company Research Source: PR Newswire
PDF BEIJING, May 22, 2020 /PRNewswire/-- MMTEC, Inc. (NasdaqCM:MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets announced its financial results for the year ended December 31, 2019.Comparison of Results of Operations for the Years Ended December 31, 2019 and 2018Revenue. Revenues increased from $26,882 in 2018 to $200,797, or 647%, in 2019 due to the increase in the revenue of the original market data service business and the addition of the IR business, as well as the acquisition of MMBD Trading brings increased commission income. For the years ended December 31, 2019 and 2018, our revenue from performing market data services for our customers increased to $75,044 from $26,882, respectively. In additional, we have expanded our investor relations management services business to help maintain the relationship between listed companies and the company's equity, debt investors or potential investors. Our revenue from investor [Read more]
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