Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

AppTech Payments Corp. Reports First Quarter 2023 Results

CARLSBAD, CA / ACCESSWIRE / May 9, 2023 / AppTech Payments Corp. ("AppTech") (NASDAQ: APCX), an innovative Fintech company powering seamless commerce between businesses and consumers, today announced results for its first quarter ended March 31, 2023. The financial statements and 10-Q are available on sec.gov.

First Quarter Financial Highlights

  • 1Q23 revenue was approximately $89 thousand, a 14% decrease versus 1Q22, driven primarily by lower transaction volume and fewer merchant accounts.
  • Cash and cash equivalents balance as of March 31, 2023, was $2.1 million, reflecting the Company's public offering on February 2, 2023, which netted $4.5 million.

Recent Business Highlights

  • Signed Memorandum of Understanding with Broadnet Technologies to expand AppTech's reach in the global text-to-pay space, offering AppTech's Commerse platform to Broadnet's global customer base. In addition, AppTech and Broadnet will offer two-way SMS and a suite of SMS tools to the global market. The Patent License Agreement will license AppTech's SMS and Mobile Payment patents to Broadnet, thereby expanding the Company's footprint by supporting integrations with its patent-based portfolio in text-to-pay and SMS solutions.
  • Announced strategic partnership with Corix Solutions that strengthens AppTech's global reach and expands the Company's footprint by supporting integrations with its patent-based portfolio in text-to-pay, geolocation-based solutions, and peer-to-peer mobile payment systems.

Management Commentary

Luke D'Angelo, Chief Executive Officer of AppTech, commented: "In the first quarter, we remained focused on onboarding new clients to our Commerse platform. Commerse is a cloud-based payments and banking platform backed by AppTech's mobile commerce patents and core partner technology that offers customers a customizable mix of Software-as-a-Service, Payments-as-a-Service, and Banking-as-a-Service offerings. In addition, we continued to expand our ecosystem through further strategic partnerships, which position the Company to drive market share gains and accelerating growth, as we increasingly leverage AppTech's fully integrated approach to specialty payments."

About AppTech Payments Corp.

AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for corporations, small and midsized enterprises ("SMEs") and consumers through the Company's scalable cloud-based platform architecture and infrastructure, coupled with our commerce experiences development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. For more information, please visit www.apptechcorp.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will" and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations Contact

Michael Kim/Brooks Hamilton
737-289-0835
APCX@mzgroup.us

AppTech Payments Corp.

info@apptechcorp.com
760-707-5959

SOURCE: AppTech Payments Corp.



View source version on accesswire.com:
https://www.accesswire.com/753630/AppTech-Payments-Corp-Reports-First-Quarter-2023-Results

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.