ALT5 Sigma Corporation has announced its financial results for the fiscal first quarter ended March 29, 2025. The company reported fintech revenues of $5.51 million, contributing to a gross profit of $2.59 million or 47%. The adjusted EBITDA for the fintech segment stood at $1.15 million, while the biotech segment reported negative $58 thousand, and corporate and other expenses amounted to negative $1.26 million, resulting in a total adjusted EBITDA of negative $168 thousand. ALT5 Sigma highlighted the acquisition of Mswipe, anticipated to close early in the second quarter, which is expected to be immediately accretive to both revenue and EBITDA. The acquisition is set to enhance ALT5's offerings by integrating Mswipe's payment solutions, which include multi-currency, fiat payment card services and crypto-enabled capabilities. This development aligns with ALT5's strategy to expand its real-world use cases for digital assets, catering to evolving customer demands in the DeFi landscape. The company also reported cash and cash equivalents of $10.8 million.
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