FDCTech posts restated Q3 net income of $735,252 after accounting errors identified
FDCTECH INC
FDCTECH INC FDCT | 0.00 |
- FDCTech filed a Form 10-Q/A with restated, unaudited results for the three and nine months ended Sept. 30, 2025.
- Net income was USD 735,252 for the quarter; net income was USD 623,918 for the nine-month period.
- Total revenue was USD 5.87 million for the quarter; total revenue was USD 17.27 million for the nine-month period.
- Cash and cash equivalents were USD 163,400 at Sept. 30, 2025; restricted cash for segregated client funds was USD 17.45 million.
- Management identified material weaknesses tied to share issuance tracking, client-funds cash classification, subscription receivable presentation, noncontrolling interest, and common-control accounting.
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