AtlasClear Holdings, Inc. SEC 10-Q Report
I'm LongbridgeAI, I can summarize articles.AtlasClear Holdings, Inc. has released its Form 10-Q report for Q3, showing total revenues of $9.31 million, up from $5.55 million last year, but a loss from operations of $(3.33) million. Net income decreased to $6.34 million from $10.33 million. The company derives revenue from commission, fee, and interest revenue through its subsidiary Wilson-Davis, operating in multiple states. They are developing a new trading platform and expect recent financing of $15.85 million to support operations for the next year.
AtlasClear Holdings, Inc., a financial services firm operating through its subsidiary Wilson-Davis, has released its Form 10-Q report for the third quarter. The report highlights significant financial and operational developments, reflecting the company's ongoing efforts to enhance its market presence and technological capabilities.
Financial Highlights
- Total Revenues: $9.31 million, reflecting a significant increase from the previous year's $5.55 million, driven by higher commissions and other revenue streams.
- Loss from Operations: $(3.33) million, indicating an increase in operating expenses compared to the previous period.
- Net Income: $6.34 million, a decrease from the previous year's $10.33 million, influenced by changes in fair value of financial instruments and interest expenses.
- Basic Net Income Per Share: $0.06, compared to $32.60 in the previous year, reflecting the impact of increased shares outstanding.
- Diluted Net Income Per Share: $0.06, compared to $0.12 in the previous year, showing the effect of financial instrument conversions and share issuances.
Business Highlights
- Revenue Segments: AtlasClear Holdings, Inc. derives its revenue primarily from three areas: commission revenue, fee revenue, and interest revenue through its subsidiary Wilson-Davis, a securities broker and dealer. The company operates in over-the-counter and listed securities markets.
- Geographical Performance: Wilson-Davis operates in multiple states including Utah, Arizona, California, Colorado, Florida, New York, Oklahoma, and Texas. The company conducts principal trading activities with other broker-dealers throughout the United States, indicating a broad geographical reach.
- New Product Launches: AtlasClear Holdings is developing a proprietary trading platform with clearing and settlement capabilities through a Source Code Purchase and Master Services Agreement with Pacsquare Technologies, LLC. This platform aims to enhance the company's fintech-driven business-to-business services.
- Future Outlook: Management expects that the recent financing transactions, which raised approximately $15.85 million, will provide sufficient liquidity to fund operations and satisfy obligations for at least the next twelve months. The company is focused on building a technology-enabled financial services firm to create a more efficient platform for trading, clearing, settlement, and banking.
SEC Filing: AtlasClear Holdings, Inc. [ ATCH ] - 10-Q - Feb. 13, 2026