What changed
The financials are the story here: FY2025 revenue climbed 29.8% to $35.0M, net income hit $5.8M after a prior-year loss, gross margin expanded to 54.8%, and the accumulated deficit was fully wiped out.
Growth has come largely through acquisitions — the October 2025 pickup of Seychelles-regulated Alchemy International was immediately earnings-accretive, and the Condor trading-tech segment grew 210.5%. More LOIs are in the pipeline.
Worth flagging: this is a resale offering by selling stockholders, and the stock trades OTC/PINK rather than a major exchange. Operations lean offshore and crypto-adjacent, and HQ moved from California to Cyprus.
Bottom line: profitable, fast-growing, and openly working toward a national exchange uplisting — but OTC-listed, acquisition-driven, and offshore-weighted. Know what you're underwriting before this one graduates.
Why it matters
The financials are the story here: FY2025 revenue climbed 29.8% to $35.0M, net income hit $5.8M after a prior-year loss, gross margin expanded to 54.8%, and the accumulated deficit was fully wiped out