Spectral Capital Corporation (OTCQB: FCCN) today announced the audited results of its newly acquired subsidiary, 42 Telecom Ltd., for the fiscal year ended December 31, 2024. The subsidiary, a global leader in SMS‑based communication technologies, reported $26.1 million in audited revenue, a 38 % increase from the prior year, and a return to profitability.
The announcement underscores the financial value of Spectral’s recent acquisition of 42 Telecom, providing a solid revenue base that strengthens the company’s balance sheet and supports its pending NASDAQ uplisting application. The audited figures demonstrate that the subsidiary is generating consistent cash flow, which can be consolidated into Spectral’s future financial statements.
By revealing the subsidiary’s performance, Spectral offers investors a clear view of the acquisition’s contribution to its overall business, enhancing transparency and potentially improving investor confidence in the company’s growth strategy.
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