AppTech (APCX) AI Stock Analysis

• Market Cap: $13.69M
• Dividend Yield: N/A
• Average Volume (3M): 106.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: 115.62%
• EPS Growth: 55.76%
• Country: US
• Employees: 9
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.05
• Shares Outstanding: 34,488,934
• 10 Day Avg. Volume: 127,012
• 30 Day Avg. Volume: 106,347
• PEG Ratio: 0.02
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 47.69
• P/FCF Ratio: -1.54
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 20.79
• Enterprise Value/Gross Profit: 36.44
• Enterprise Value/Ebitda: -3.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $0.41 ▲(19.71% Upside)

The score is primarily constrained by weak financial performance—very large losses and persistent cash burn outweigh strong revenue growth and healthy gross margins. Technical momentum is currently favorable (price above key averages with positive MACD), providing support, while valuation is held back by negative earnings and the lack of dividend yield. A positive acquisition adds incremental upside potential but does not offset the near-term profitability and funding risk.

Positive Factors

Revenue Growth

Sustained top-line expansion indicates strong market demand for AppTech’s payment and wallet solutions, supporting scale in a SaaS/payment model. Durable revenue growth provides a clearer path to leverage healthy gross margins to absorb fixed costs and approach breakeven over months.

Healthy Gross Margin

A ~57% gross margin reflects favorable unit economics for AppTech's software and payment services, implying core product profitability. This structural margin advantage supports operating leverage as revenue scales, improving the sustainability of future profit recovery if operating expenses are controlled.

Strategic Acquisition - BaaS

The Infinitus Pay acquisition expands AppTech’s BaaS capabilities, adding tech, team, and product breadth that can drive cross-sell, higher transaction volumes and recurring revenue. This structural move strengthens competitive positioning in digital commerce and aligns the company to scalable revenue streams.

Negative Factors

Cash Burn & Negative Cash Flow

Persistent negative operating and free cash flow is a core funding risk: ongoing cash burn limits strategic flexibility, increases need for external financing, and can force dilutive raises or cost cuts. Without sustained cash generation, growth initiatives and integration of acquisitions are at risk.

Very Large Net Losses

An extremely negative net margin indicates the cost base far exceeds current revenues and that the company remains structurally unprofitable. Persistent deep losses erode retained capital, pressure returns, and make achieving sustainable profitability a multi-quarter challenge without decisive expense or revenue inflection.

Balance Sheet Instability

Moderate current leverage coupled with prior periods of negative equity signals episodic balance-sheet stress. This raises refinancing and covenant risk and may constrain investment or necessitate dilutive financing, complicating medium-term execution and acquisition integration priorities.

AppTech Business Overview & Revenue Model

Company Description

AppTech Payments Corp., a financial technology company, provides electronic payment processing technologies and merchant services in the United States. Its merchant services offer financial processing for businesses to accept cashless and/or contactless payments, such as credit cards, automatic clearing house, wireless payments, and others. In addition, the company offers integrated solutions for frictionless digital and mobile payment acceptance, including acceptance of alternative payment methods, as well as multi-use case, multi-channel, API-driven, and account-based issuer processing for card, digital tokens, and payment transfer transaction services. The company was formerly known as AppTech Corp. AppTech Payments Corp. was incorporated in 1998 and is headquartered in Carlsbad, California.

How the Company Makes Money

AppTech generates revenue through multiple streams, primarily by charging transaction fees on its payment processing services, which are utilized by businesses to facilitate sales and customer payments. Additionally, the company earns subscription fees from businesses that use its digital wallet and financial management solutions. AppTech has also entered into strategic partnerships with financial institutions and technology providers, which not only enhance its service offerings but also create additional revenue opportunities through co-branded products and revenue-sharing agreements. The growing adoption of digital payment solutions and the expansion of e-commerce services further contribute to AppTech's earnings.

AppTech Financial Statement Overview

Summary

Revenue growth is strong (+30.5%) and gross margin is healthy (~57%), but the company remains far from profitable with extremely negative net margin (~-912%) and significant ongoing cash burn (TTM operating cash flow about -$6.3M; free cash flow about -$6.8M). Balance sheet leverage is moderate (debt-to-equity ~0.85) with positive equity, yet returns are materially negative and historical balance sheet instability increases risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up sharply (+30.5%), and gross margin remains healthy (~57%), suggesting the product/service can generate solid gross profit. However, profitability is very weak: operating results and net income are deeply negative (TTM net margin ~-912%), indicating the cost structure is far too large relative to the current revenue base. While losses improved meaningfully versus 2021 levels, the company is still far from breakeven and results remain highly volatile year-to-year.

Balance Sheet

Leverage looks moderate in TTM (Trailing-Twelve-Months) with debt-to-equity around 0.85, and equity is positive, which provides some balance sheet support. That said, returns on equity are materially negative, reflecting continued heavy losses. A notable risk is the large shift in leverage and equity profile over time (e.g., extremely high leverage in 2021 and negative equity in 2020), which points to historical balance sheet instability even if the current snapshot looks improved.

Cash Flow

Cash generation is a key weakness: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both deeply negative (about -$6.3M and -$6.8M), indicating ongoing cash burn to fund operations. Free cash flow also deteriorated versus the prior period (negative growth), increasing funding risk. While free cash flow is directionally in line with reported losses (not showing obvious divergence), the scale of cash outflows remains the dominant issue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	787.00K	276.00K	504.00K	450.00K	354.00K	329.50K
Gross Profit	449.00K	224.00K	317.00K	230.00K	204.00K	189.13K
EBITDA	-5.45M	-6.86M	-17.48M	-15.46M	-76.14M	-3.84M
Net Income	-7.18M	-8.93M	-18.51M	-16.28M	-79.25M	-4.19M
Balance Sheet
Total Assets	6.25M	8.99M	8.35M	12.52M	7.56M	379.69K
Cash, Cash Equivalents and Short-Term Investments	439.00K	868.00K	1.28M	3.46M	8.03K	57.50K
Total Debt	1.21M	147.00K	158.00K	2.02M	2.09M	3.20M
Total Liabilities	60.00K	3.52M	4.16M	5.09M	7.51M	8.57M
Stockholders Equity	1.42M	5.47M	4.19M	7.42M	44.00K	-8.19M
Cash Flow
Free Cash Flow	-6.84M	-8.54M	-8.86M	-9.99M	-3.00M	-591.39K
Operating Cash Flow	-6.32M	-7.46M	-8.86M	-8.20M	-1.82M	-591.39K
Investing Cash Flow	-592.00K	-1.16M	-500.00K	-1.79M	-1.18M	5.91K
Financing Cash Flow	7.25M	8.20M	7.18M	13.44M	2.96M	618.81K

AppTech Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APCX, the sentiment is Positive. The current price of 0.34 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.38, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APCX.

AppTech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
APCX	56 Neutral	$13.69M	-1.83	-510.20%	―	115.62%	55.76%
BLIN	49 Neutral	$9.96M	-3.14	-25.73%	―	0.16%	-36.86%
RVYL	43 Neutral	$6.30M	-0.12	-993.23%	―	-44.25%	82.71%
CETX	41 Neutral	$13.24M	>-0.01	-415.08%	―	16.50%	―
HUBC	41 Neutral	$6.53M	-0.05	―	―	-30.70%	82.02%
TAOP	40 Underperform	$1.88M	-0.14	-46.76%	―	-15.10%	-177.14%

AppTech Corporate Events

AppTech Amends Promissory Note with Extended Terms

On December 4, 2025, AppTech Payments Corp. amended its Senior Unsecured Convertible Promissory Note with Eleven 11 Management LLC, extending the maturity date to January 16, 2026. The amendment outlines a payment schedule for the outstanding principal and interest, with specific amounts due on December 5, 2025, December 20, 2025, and the maturity date. The holder cannot convert any part of the note unless the company defaults on payments.

The most recent analyst rating on (APCX) stock is a Hold with a $0.43 price target. To see the full list of analyst forecasts on AppTech stock, see the APCX Stock Forecast page.

AppTech Acquires Infinitus Pay to Boost Growth

On October 31, 2025, AppTech Payments Corp. acquired Infinitus Pay Inc., making it a wholly-owned subsidiary. This acquisition, announced on November 5, 2025, is intended to enhance AppTech’s Banking-as-a-Service platform and support scalable revenue growth. The integration of Infinitus Pay’s technology and team is expected to bolster AppTech’s ability to deliver intelligent financial solutions and expand its presence in digital commerce. This strategic move is seen as a pivotal step in shaping the future of payments, aligning with AppTech’s focus on innovation, operational efficiency, and revenue generation.

The most recent analyst rating on (APCX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on AppTech stock, see the APCX Stock Forecast page.