AppTech Payments Q2 revenue rises for third straight quarter
APCX•No specific outlook provided
The company did not provide specific financial guidance for future quarters or the full year in its press release.
Quarterly revenue increases again
AppTech Payments said second-quarter revenue rose for the third straight quarter, reaching $1.7 million.
The fintech firm said operating and net losses narrowed from both the prior quarter and the year-ago period.
Business flow disruption eased as banking partner relationship improved
Revenue growth came despite the loss of most BAAS revenue due to business flow disruptions with its principal banking partner.
The company said its working relationship with the principal banking partner has improved and efforts to reestablish BAAS revenue are ongoing.
