FTFT Stock Rises as Revenue Hits $14.5 Million in First Three Quarters

Nov 20, 2024

On Wednesday, shares of Future FinTech Group Inc. (FTFT, Financial) saw a significant increase, surging over 7.8% to $0.514. The company reported a cumulative revenue of approximately $14.5 million for the first three quarters of its 2024 fiscal year.

Future FinTech Group is a comprehensive provider of financial and digital technology services. Its business operations span several sectors, including asset management, cross-border payments, supply chain finance, and digital asset computing power hosting.

The company holds licenses issued by the Hong Kong Securities and Futures Commission (SFC), specifically licenses 1, 2, 4, and 9. Through its subsidiaries, Future FinTech Securities International Limited and Junxian Asset Management Limited, it engages in regulated services such as securities trading, futures contract trading, securities consulting, and asset management.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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