#United States #Spectral Capital #Seattle #Telecommunications #42 Telecom

Spectral Capital Corporation Reports Revenue Growth for 42 Telecom

Spectral Capital Corporation (OTCQB: FCCN) recently revealed its audited financial results for 42 Telecom Ltd., its newly acquired subsidiary, showing significant revenue growth for the fiscal year 2024. The telecom company reported a total revenue of $26.1 million, a remarkable 38% increase from $18.9 million in the previous year. This growth marks a pivotal recovery for 42 Telecom after experiencing losses in the past.

Highlights of the Financial Report

42 Telecom’s audited results for the full year ended December 31, 2024, presented a picture of revival. The company achieved a gross profit of $3.29 million, which reflects an 86% year-over-year increase. Operating income turned positive at $0.78 million, compared to a loss of $0.85 million in 2023. Furthermore, net income reached $524,000, reversing a loss of $690,000 the previous year. Comprehensive income also reflected a turnaround, recorded at $441,000, versus a loss of $643,000 in 2023.

Despite a drop in cash and restricted cash to $311,000 from $555,000 in 2023, stockholders' equity rose significantly to $1.30 million, up from $864,000. These figures suggest a strengthening financial position for 42 Telecom, offering a promising outlook for its future.

Strategic Expansion Plans

42 Telecom, renowned for its SMS-based communication solutions, aims to enhance its service offerings by integrating advanced technologies and patents from Spectral Capital’s intellectual property portfolio. This strategic move is designed to target the higher-margin sectors of SMS-based marketing and enterprise engagement within the U.S. market. By expanding its service capabilities, 42 Telecom plans to reinforce both its and Spectral's growth trajectories, focusing on innovation-driven communications solutions.

With a firm market presence, especially in Vietnam, and its established position across various international markets, 42 Telecom is positioned to capture more opportunities in the telecommunications space. The expansion strategy aligns with Spectral Capital's broader mission to create value through innovation and technological advancement.

NASDAQ Uplist Application Implications

The positive financial performance of 42 Telecom is expected to bolster Spectral Capital’s application for uplisting to NASDAQ. The combination of operational growth and an improved financial outlook presents a strong case for potential investors and stakeholders, indicating the health of both the subsidiary and its parent company.

Spectral Capital Corporation embodies a strong innovation-driven approach, focused on building and scaling products at the forefront of artificial intelligence and technology solutions. This proactive strategy has not only facilitated the acquisition of telecom opportunities but has also positioned the corporation to leverage new advancements for sustained growth.

As the year progresses, all eyes will be on how Spectral Capital and 42 Telecom execute their expansion plans and capitalize on new market opportunities. The momentum from 2024 sets a course for exciting developments, potentially reshaping their competitive landscape in the telecommunications industry.

For those interested in following the developments and further financial disclosures, the complete audited financial statements of 42 Telecom are included as exhibits to Spectral Capital’s Form 8K/A filed on October 15, 2025.