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SecureTech Successfully Completes Share Reduction Program
Globenewswire· 2026-01-12 13:30
Achieves Target Goal of 17 Million Shares Outstanding Roseville, Minnesota, Jan. 12, 2026 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH), a pioneering technology company advancing artificial intelligence, industrial 3D printing and manufacturing technologies, cybersecurity, and digital infrastructure solutions, is excited to announce the successful completion of its Share Reduction Program launched in early 2025. The program was carried out in three phases: Phase 1: 43,100,000 shares of common ...
SecureTech Reports Strong Third Quarter 2025 Results
Globenewswire· 2025-11-20 17:53
Core Insights - SecureTech Innovations, Inc. reported a profitable third quarter for 2025, marking a significant milestone in its operational strategy and integration of AI UltraProd [4][9] - The company achieved revenue of $3.7 million, with a gross profit of $1.0 million, resulting in a gross margin of approximately 27% [9] - Net income attributable to shareholders was $490,999, a turnaround from a net loss of $93,708 in the same quarter of the previous year [9] Financial Performance - Revenue for the third quarter was $3.7 million, reflecting the first full quarter of consolidated results from AI UltraProd [9] - Gross profit reached $1.0 million, indicating a gross margin of about 27% [9] - The company reported net income of $490,999, compared to a net loss of $93,708 in the prior year quarter, marking its first profitable fiscal quarter [9] - Earnings per share (EPS) were reported at $0.01 basic [9] - The balance sheet was strengthened with total assets of $15.4 million and stockholders' equity of $10.4 million [9] Strategic Initiatives - The company is focused on executing its roadmap, which includes finalizing the recapitalization of the business, pursuing strategic acquisitions, uplisting to a national exchange, and spinning off Top Kontrol to unlock shareholder value [4] - The uplisting to the OTCQB Venture Market has enhanced visibility and credibility with investors [4] - Management expects continued revenue growth in the fourth quarter of 2025 as AI UltraProd scales production capacity and expands into new markets [5]
SecureTech Announces Uplisting to OTCQB Venture Market
GlobeNewswire News Room· 2025-08-01 12:30
Company Overview - SecureTech Innovations, Inc. is a pioneering technology company focused on advancing artificial intelligence, industrial 3D printing, cybersecurity, and digital infrastructure solutions [6] - The company’s portfolio includes AI UltraProd, Piranha Blockchain, and Top Kontrol, which address various real-world challenges [6] Market Position - SecureTech's common stock has been approved for trading on the OTCQB® Venture Market, marking a significant upgrade from the previous OTCID market [1][2] - The OTCQB is recognized by the U.S. Securities and Exchange Commission (SEC) as an established public market, providing enhanced transparency, improved liquidity, and increased visibility for investors [2] Strategic Goals - The uplisting to the OTCQB is viewed as a major milestone and a validation of the company's commitment to transparency and shareholder value [3] - The company aims for a long-term goal of listing on a national exchange such as the NYSE or NASDAQ, which would enhance capital access and strategic partnerships [3]