FDCTech Q2 Revenue Jumps 222% to $17.5M; Reverse Split and Preferred Conversion Reshape Capital Structure
Summary
FDCTech reported Q2 revenue of $17.5M (up 222% YoY) and net income of $7.7M, completed a 1-for-100 reverse split, and converted all Series B Preferred into 118.6M common shares, concentrating insider ownership.
Key Events · Earnings and Guidance · FDCT
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Q2 Revenue Soars 222%
Total revenue reached $17.47M for Q2 2026, up from $5.42M a year earlier, driven by the full-quarter contribution of Alchemy International Ltd. Six-month revenue hit $32.69M, up 186.8%.
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Net Income Turns Positive
Net income attributable to FDCTech shareholders was $7.71M for Q2 2026, versus a loss of $0.44M in Q2 2025. Six-month net income was $14.58M.
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Reverse Split and Preferred Conversion
A 1-for-100 reverse stock split became effective July 10, 2026. On July 13, 2026, all 2,371,844 Series B Preferred shares converted into 118,592,200 common shares at a 50:1 ratio, half the 100:1 rate in the Certificate of Designation.
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Insider Ownership Concentrates
Following the conversion, Gope S. Kundnani beneficially owns 101,392,200 common shares, or 82.55% of the class. Officers and directors as a group hold 95.14%.
Analysis · FDCT · Technology
FDCTech delivered a dramatic turnaround: Q2 revenue of $17.47M (up 222.4% YoY) and net income of $7.68M, driven by the full-quarter contribution of Alchemy International Ltd. The company also executed a 1-for-100 reverse stock split effective July 10, 2026, and converted all Series B Preferred into 118.6M common shares on July 13, 2026 at a 50:1 ratio — half the rate stated in the Certificate of Designation. This conversion concentrated ownership further: Gope S. Kundnani now holds 82.55% of common stock. Management concluded no substantial doubt about going concern, with $25.88M in cash and $33.06M in working capital. The filing also discloses two new acquisitions in progress (Larstal Limited for $2.35M and The Millionaire's Club Ltd for €150,000), signaling continued expansion. The combination of explosive revenue growth, a reverse split, and a major ownership restructuring makes this a high-impact filing.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FDCT was trading at $4.00 on OTC in the Technology sector, with a market capitalization of approximately $16.9M. The 52-week trading range was $0.13 to $11.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.