AtlasClear (ATCH) went public through a SPAC in 2023 and got dumped into penny stock land. But things are changing fast:
• Their broker-dealer (Wilson-Davis) just posted $1.48M net income, that’s +295% YoY. Revenue $12.9M, up double digits. They’re actually printing profit.
• At the parent level, revenue basically doubled YoY and margins are fat (74%+).
• They cleaned up the balance sheet with a $45M financing in July. Even talking about a $5M share buyback.
Upcoming catalysts: 10-K form
Released by Sept 29 (management already hinted at stronger equity + balance sheet), and a bank acquisition (Commercial Bancorp of Wyoming) that would bring them into the regulated space.
Don’t miss out!
Value play ATCH in financial infrastructure
byu/millionaire_vietname ininvesting
Posted by millionaire_vietname