TSXV:FTEC - Post Discussion
Post by
Roddiggiti on Dec 01, 2023 8:10am
FTEC numbers still show growth and cleaning balance sheet
I analyzed the last 5 years of revenue and assets/liabilities, Fintech is still very much in growth mode right now. Below is a performance chart and the company is going to have it's highest revenue quarter in at least half a decade, mixed with a clean balance sheet than ever before. Seasonality happens for many companies, but by 2025, cash could be added to the books consistently and allow the company to really expand and grow. This isn't taking into consideration any additional growth that may come.
| Year | Revenue | Gain/(Loss) | Assets | Liabilities | Asset/Debt Ratio |
| 2018 | $3,025,298 | $715,439 | $709,949 | $4,239,907 | 0.167 |
| 2019 | $3,275,404 | $(-223,890) | $1,187,990 | $4,616,838 | 0.257 |
| 2020 | $2,884,668 | $519,303 | $1,262,647 | $4,082,978 | 0.309 |
| 2021 | $2,771,261 | $(-2,306) | $1,223,070 | $3,906,723 | 0.313 |
| 2022 | $2,587,867 | $977,173 | $483,032 | $1,892,512 | 0.255 |
| 2023(Q1-Q3) | $3,169,078 | $549,032 | $503,876 | $1,364,324 | 0.369 |
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