News about ATCH

AtlasClear (NYSEAMERICAN:ATCH) outlined plans to expand its clearing, custody, banking and digital-asset services for smaller financial intermediaries. Fiscal-year revenue rose 85% to $20.1 million, total assets grew 17% to $71.2 million, and the company posted positive net income for a second straight year. It has signed six correspondent agreements since acquiring Wilson-Davis and holds a 24.9% interest in Dawson James, and management estimates a full consolidation would bring about $47 million in revenue, though this depends on completing the deal. The pending purchase of Commercial Bancorp of Wyoming still requires regulatory approval and about $15 million in cash. Stockholders' equity reached $21.1 million at the June fiscal year-end, up from negative equity of about $40 million at its low point after the 2024 de-SPAC transaction.