AppTech Payments Corp. Highlights Q4 2024 Financial and Strategic Developments

Financial Performance - AppTech Payments Corp. reported an operating loss of $2.1 million ($0.08 per share) in Q4 2024, an improvement from a $3.4 million loss in Q4 2023 ($0.18 per share) [1] - The total operating loss for the full year 2024 was $8.8 million ($0.35 per share), compared to $18.5 million ($1.01 per share) in 2023, indicating a significant reduction in losses [1] Organizational Changes - A new investor group committed $5 million to AppTech, leading to significant organizational changes, including the establishment of voting control of the Board of Directors and the replacement of key executives, including the CEO and CFO [2] - The new CFO, Felipe Corrado, expressed optimism about the organizational and operational improvements made in Q4, highlighting a bolstered capital position, reduced expenses, and a narrowed focus on potentially profitable customers [2] Company Overview - AppTech Payments Corp. provides digital financial services for financial institutions, corporations, small and midsized enterprises (SMEs), and consumers through a scalable cloud-based platform [3]