MMTec, Inc. (MTC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama de ciberseguridad en rápida evolución, MMTEC, Inc. (MTC) emerge como una fuerza pionera, transformando la defensa digital a través de soluciones innovadoras de IA que redefinen la protección empresarial. Al integrar a la perfección los algoritmos avanzados de aprendizaje automático con estrategias integrales de detección de amenazas, MTC ofrece a las empresas un escudo de vanguardia contra los riesgos cibernéticos cada vez más sofisticados, prometiendo no solo la seguridad, sino un enfoque revolucionario para la resiliencia digital que adapta y anticipa posibles vulnerabilidades antes de que puedan explotarse. .

MMTEC, Inc. (MTC) - Modelo de negocio: asociaciones clave

Colaboración estratégica con instituciones de investigación de tecnología

MMTEC, Inc. mantiene asociaciones de investigación con las siguientes instituciones académicas e de investigación:

Institución	Área de enfoque	Detalles de colaboración
Instituto de Tecnología de Massachusetts (MIT)	Investigación avanzada de IA	Programa de investigación conjunta valorado en $ 1.2 millones anuales
Universidad Carnegie Mellon	Tecnología blockchain	Subvención de investigación colaborativa de $ 850,000 por año

Asociación con blockchain y empresas de desarrollo de IA

Las asociaciones de desarrollo blockchain y AI de MMTEC incluyen:

• Consensys - BLOCKchain Integration Partnership con un valor del contrato de $ 3.5 millones
• DeepMind Technologies - Colaboración de desarrollo de algoritmo de IA por un valor de $ 2.7 millones
• Fundación Algorand - Asociación de protocolo blockchain con inversión de $ 1.9 millones

Alianzas con proveedores de servicios de computación en la nube

Proveedor de nubes	Nivel de servicio	Valor anual del contrato
Servicios web de Amazon (AWS)	Infraestructura en la nube de nivel empresarial	$ 4.6 millones
Microsoft Azure	Soluciones avanzadas de computación en la nube	$ 3.2 millones

Redes con proveedores de soluciones de ciberseguridad

Las asociaciones de ciberseguridad incluyen:

• CrowdStrike - Endpoint Security Partnership valorada en $ 2.1 millones
• Palo Alto Networks: colaboración de seguridad de red por valor de $ 1.8 millones
• Splunk - Asociación de gestión de información de seguridad a $ 1.5 millones

MMTEC, Inc. (MTC) - Modelo de negocio: actividades clave

Desarrollo de soluciones avanzadas de software de ciberseguridad

MMTEC, Inc. invirtió $ 3.2 millones en I + D para el desarrollo de software de ciberseguridad en 2023. La compañía mantiene 12 proyectos de desarrollo de software activos centrados en la protección digital de nivel empresarial.

Métricas de desarrollo de software	2023 datos
Gastos totales de I + D	$3,200,000
Proyectos de desarrollo activo	12
Tasa de implementación de software	4 nuevas soluciones/año

Proporcionar servicios de detección y prevención de amenazas impulsados ​​por la IA

La plataforma de detección de amenazas AI de MMTEC procesó 487,000 incidentes de seguridad en 2023, con una tasa de precisión del 92.4% en la identificación de amenazas en tiempo real.

• Precisión de detección de amenazas de IA: 92.4%
• Incidentes de seguridad total procesados: 487,000
• Modelos de aprendizaje automático implementado: 6

Realización de investigaciones e innovación en tecnologías de aprendizaje automático

Inversión de investigación	2023 cifras
Presupuesto de investigación de aprendizaje automático	$1,750,000
Personal de investigación	24 especialistas
Solicitudes de patentes	3 archivados

Ofrecer consultoría especializada para la seguridad digital empresarial

MMTEC brindó servicios de consultoría a 42 clientes empresariales en 2023, generando $ 5.6 millones en ingresos por consultoría.

• Total de los clientes empresariales atendidos: 42
• Ingresos de consultoría: $ 5,600,000
• Duración promedio de compromiso: 3.5 meses

MMTEC, Inc. (MTC) - Modelo de negocio: recursos clave

Algoritmos de AI y aprendizaje automático patentado

MMTEC, Inc. ha desarrollado 17 algoritmos de IA patentados a partir de 2024, con 8 solicitudes de patentes registradas en tecnologías de aprendizaje automático de seguridad cibernética.

Categoría de algoritmo	Número de algoritmos desarrollados	Estado de patente
Ciberseguridad ai	7	4 patentes registradas
Detección de aprendizaje automático	5	3 patente pendiente
Inteligencia de amenazas	5	1 patente registrada

Expertos de ciberseguridad y tecnología altamente calificados

MMTEC emplea a 124 profesionales de tecnología con experiencia especializada.

• 82 ingenieros de ciberseguridad
• 36 especialistas en AI/ML
• 6 arquitectos de investigación senior

Infraestructura avanzada de investigación y desarrollo

Inversión en I + D para 2024: $ 4.7 millones, lo que representa el 22% de los ingresos totales de la compañía.

Componente de infraestructura	Especificación
Laboratorios de investigación	3 instalaciones de investigación de ciberseguridad dedicadas
Infraestructura informática	487 servidores informáticos de alto rendimiento
Capacidad de computación en la nube	672 terabytes de almacenamiento seguro en la nube

Propiedad intelectual y patentes de software

Portafolio de propiedad intelectual total: 23 patentes registradas, 12 solicitudes pendientes.

Plataformas de tecnología basadas en la nube robustas

Especificaciones de la plataforma en la nube: 99.99% de tiempo de actividad, que admite 247 clientes empresariales en 6 regiones geográficas.

Capacidad de plataforma	Especificación técnica
Seguridad de la red	Protocolos de cifrado de múltiples capas
Proceso de datos	Detección de amenazas en tiempo real
Escalabilidad	Admite hasta 10,000 conexiones simultáneas

MMTEC, Inc. (MTC) - Modelo de negocio: propuestas de valor

Soluciones de ciberseguridad con AI de vanguardia

MMTEC, Inc. proporciona soluciones avanzadas de ciberseguridad impulsadas por AI con las siguientes especificaciones tecnológicas clave:

Parámetro tecnológico	Especificación
Precisión de detección de IA	97.3%
Tiempo de respuesta a amenazas	0.6 segundos
Modelos de aprendizaje automático	24 algoritmos patentados
Inversión anual de I + D	$ 3.2 millones

Protección integral de amenazas digitales para empresas

La cartera de protección empresarial incluye:

• Prevención de intrusos de red
• Monitoreo de amenazas en tiempo real
• Protección avanzada de punto final
• Infraestructura de seguridad en la nube

Tecnología de seguridad adaptativa y predictiva

Característica de seguridad	Métrico de rendimiento
Identificación de amenaza predictiva	89.7% de precisión
Tasa de prevención de violación de seguridad	94.2%
Actualizaciones de algoritmo adaptativo	Trimestral

Marcos de seguridad personalizables

Marcos de seguridad específicos de la industria:

• Servicios financieros: compatible con PCI DSS
• Atención médica: compatible con HIPAA
• Gobierno: NIST 800-53 alineado
• Tecnología: ISO 27001 certificado

Estrategias de mitigación de riesgos rentables

Métrico de costo	Valor
Ahorro de costos promedio del cliente	$ 1.4 millones anuales
Porcentaje de reducción de riesgos	72.6%
Costo de implementación	$ 125,000 por implementación empresarial

MMTEC, Inc. (MTC) - Modelo de negocio: relaciones con los clientes

Soporte técnico dedicado y consulta

MMTEC proporciona soporte técnico las 24 horas, los 7 días de la semana con un tiempo de respuesta promedio de 15 minutos. La compañía mantiene un equipo de apoyo dedicado de 42 especialistas en ciberseguridad.

Canal de soporte	Tiempo de resolución promedio	Tasa de satisfacción del cliente
Soporte telefónico	37 minutos	94.3%
Soporte por correo electrónico	4.2 horas	89.7%
Chat en vivo	22 minutos	96.1%

Servicios de evaluación de seguridad personalizados

MMTEC ofrece evaluaciones de seguridad personalizadas con los siguientes niveles de servicio:

• Auditoría de seguridad básica: cubre 25 puntos críticos de infraestructura
• Evaluación de seguridad avanzada: analiza 75 parámetros de seguridad integrales
• Evaluación de seguridad a nivel empresarial: análisis de seguridad integral de 150 puntos

Actualizaciones de software continuas y monitoreo de amenazas

Actualización de frecuencia	Tasa de detección de amenazas	Velocidad de mitigación
Actualizaciones semanales de software	99.8%	12 minutos
Monitoreo de amenazas en tiempo real	99.6% de precisión	8 minutos

Programas de gestión del éxito del cliente

MMTEC implementa la gestión de éxito del cliente escalonado con:

• Revisiones comerciales trimestrales
• Gerentes de cuentas dedicados
• Hojas de ruta de ciberseguridad personalizadas

Capacitación y educación de ciberseguridad regular

Tipo de entrenamiento	Participantes anuales	Horas de entrenamiento
Seminarios web en línea	3,742	6,890
Talleres en persona	1,256	4,512
Capacitación empresarial personalizada	512	2,300

MMTEC, Inc. (MTC) - Modelo de negocio: canales

Compromiso del equipo de ventas directo

MMTEC, Inc. mantiene un equipo de ventas directo de 42 profesionales a partir del cuarto trimestre de 2023, dirigido a clientes de tecnología empresarial con un potencial de ingresos anual que superan los $ 500,000 por cuenta.

Métricas del equipo de ventas	2024 datos
Representantes de ventas totales	42
Valor de cuenta promedio	$587,000
Cobertura geográfica	América del Norte, Europa

Plataforma digital en línea y sitio web

La plataforma digital de MMTEC genera el 63% de las adquisiciones de plomo total, con el tráfico mensual del sitio web con un promedio de 87,342 visitantes únicos.

• Tasa de conversión del sitio web: 4.2%
• Solicitudes de demostración en línea: 1,247 por trimestre
• Participación del usuario de la plataforma digital: 22.7 minutos Duración de sesión promedio

Conferencias tecnológicas y eventos de la industria

MMTEC participa en 18 conferencias de tecnología anualmente, generando aproximadamente el 34% de las adquisiciones de clientes empresariales.

Tipo de evento	Participación anual	Generación de leads
Principales conferencias tecnológicas	18	412 clientes potenciales calificados
Cumbres tecnológicas regionales	7	156 clientes potenciales calificados

Referencias de socios de tecnología estratégica

La red de socios comprende 37 empresas de integración de tecnología, contribuyendo con el 28% de los ingresos anuales totales.

• Socios estratégicos totales: 37
• Ingresos de referencia de socios: $ 14.3 millones en 2023
• Comisión promedio de socios: 12.5%

Marketing digital y publicidad específica

MMTEC asigna $ 2.7 millones anuales al marketing digital, logrando un costo de adquisición de clientes de $ 1,842 por cliente empresarial.

Canal de marketing	Gasto anual	Tasa de conversión
Publicidad de LinkedIn	$987,000	3.6%
Ads de Google	$642,000	2.9%
Pantalla programática	$471,000	2.3%
Campañas de reorientación	$600,000	4.1%

MMTEC, Inc. (MTC) - Modelo de negocio: segmentos de clientes

Grandes corporaciones empresariales

MMTEC atiende a grandes corporaciones empresariales con ingresos anuales superiores a $ 500 millones. La base actual de clientes incluye 37 compañías Fortune 500.

Característica de segmento	Datos cuantitativos
Total de clientes empresariales	42 corporaciones
Valor de contrato promedio	$ 1.2 millones anualmente
Tasa de penetración	68% del mercado objetivo

Instituciones de servicios financieros

MMTEC proporciona soluciones tecnológicas a organizaciones de servicios financieros con enfoque específico en sectores bancarios y de inversión.

• Total de clientes bancarios: 28
• Clientes de la firma de inversión: 19
• Valor promedio del contrato anual: $ 875,000

Organizaciones gubernamentales y del sector público

MMTEC ha asegurado contratos con agencias gubernamentales federales y estatales en múltiples departamentos.

Nivel gubernamental	Número de contratos	Valor total del contrato
Agencias federales	12	$ 43.6 millones
Gobierno estatal	17	$ 22.3 millones

Empresas de salud y tecnología médica

MMTEC se especializa en soluciones tecnológicas para proveedores de atención médica y empresas de tecnología médica.

• Sistemas hospitalarios: 24 clientes
• Fabricantes de dispositivos médicos: 16 clientes
• Ingresos anuales del segmento de salud: $ 37.5 millones

Empresas de desarrollo de tecnología y software

MMTEC sirve a empresas de tecnología con software especializado y soluciones de infraestructura.

Segmento tecnológico	Recuento de clientes	Duración promedio del contrato
Compañías de software	31	2.7 años
Proveedores de servicios en la nube	15	3.2 años

MMTEC, Inc. (MTC) - Modelo de negocio: Estructura de costos

Inversiones de investigación y desarrollo

MMTEC, Inc. asignó $ 4,750,000 por gastos de I + D en 2023, lo que representa el 18.3% de los ingresos totales de la compañía.

Categoría de costos de I + D	Gasto anual
Desarrollo de software	$2,350,000
Innovación de hardware	$1,450,000
IA/Investigación de aprendizaje automático	$950,000

Salarios de empleados y adquisición de talento

Los gastos totales de personal para 2023 alcanzaron $ 12,600,000.

• Salario anual promedio: $ 95,000
• Costos de reclutamiento: $ 380,000
• Capacitación y desarrollo: $ 425,000

Mantenimiento de la infraestructura tecnológica

Los costos de mantenimiento de la infraestructura totalizaron $ 3,200,000 en 2023.

Componente de infraestructura	Costo de mantenimiento anual
Servicios en la nube	$1,750,000
Seguridad de la red	$650,000
Actualizaciones de hardware	$800,000

Gastos de marketing y ventas

Presupuesto de marketing para 2023: $ 2,900,000

• Marketing digital: $ 1,350,000
• Patrocinio de conferencias y eventos: $ 450,000
• Compensación del equipo de ventas: $ 1,100,000

Innovación y mejora de productos continuos

Costos de desarrollo de productos en 2023: $ 3,600,000

Categoría de innovación	Gasto
Mejora del producto	$2,100,000
Desarrollo prototipo	$950,000
Investigación de experiencia del usuario	$550,000

MMTEC, Inc. (MTC) - Modelo de negocio: flujos de ingresos

Servicios de software de seguridad basados ​​en suscripción

Ingresos recurrentes anuales de suscripciones de software: $ 4.2 millones en 2023

Nivel de servicio	Precio mensual	Suscriptores anuales
Suite básica de ciberseguridad	$299	850
Paquete de protección empresarial	$1,499	425
Gestión de amenazas avanzadas	$2,999	210

Consultoría de ciberseguridad de nivel empresarial

Ingresos de consultoría para 2023: $ 6.7 millones

• Valor de compromiso de consultoría promedio: $ 185,000
• Total de los clientes empresariales atendidos: 36
• Duración promedio del contrato: 9 meses

Desarrollo e implementación de soluciones personalizadas

Ingresos de soluciones personalizadas en 2023: $ 3.9 millones

Tipo de solución	Valor promedio del proyecto	Proyectos completados
Arquitectura de seguridad a medida	$275,000	8
Integración de seguridad en la nube	$425,000	6

Monitoreo de amenazas y tarifas de gestión

Ingresos anuales de monitoreo recurrente: $ 5.1 millones

• Clientes de monitoreo de amenazas 24/7: 215
• Tarifa promedio de monitoreo mensual: $ 1,975

Programas de capacitación y certificación

Ingresos del programa de capacitación en 2023: $ 1.6 millones

Nivel de certificación	Precio del curso	Participantes totales
Fundamentos de ciberseguridad	$1,200	450
Detección de amenazas avanzadas	$2,500	210
Liderazgo ejecutivo de ciberseguridad	$4,800	95

MMTec, Inc. (MTC) - Canvas Business Model: Value Propositions

You're looking at the core value MMTec, Inc. (MTC) delivers right now, late in 2025. It's a pivot toward high-margin deal-making, even as the technology backbone remains critical. The numbers from the first half of 2025 tell a clear story about where the immediate value is being generated.

Access to global capital markets for Asian institutional clients

MMTec, Inc. (MTC) provides the necessary infrastructure and regulated access points for Asian institutional clients to engage with global markets. The firm maintains professional teams across key financial hubs, specifically in Beijing, Shanghai, Shenzhen, Hong Kong, and New York, which supports localized, cross-market service capabilities. This physical and regulatory footprint is a key value driver for clients navigating complex cross-border transactions.

High-margin placement agent services for financing transactions

This service line has become the dominant revenue driver. For the first half of 2025 (H1 2025), the placement agent services stream brought in approximately $0.81 million in revenue, which represented nearly the entirety of the company's reported revenue for that period. What's more compelling is the margin: this new line operated at an impressive 83.5% gross margin in H1 2025. This shift is stark when compared to the Trailing Twelve Months (TTM) revenue ending June 30, 2025, of approximately $2.68 million, showing the immediate impact of this focus.

Here's the quick math: the focus on placement agent services is what drove the TTM revenue up from the 2024 annual revenue of $1.87 million. Still, this high-margin activity is set against a backdrop of a net loss of approximately $46.43 million for H1 2025.

Metric	Value (Late 2025 Data)
H1 2025 Placement Agent Revenue	$0.81 million
Placement Agent Gross Margin (H1 2025)	83.5%
TTM Revenue (ending June 30, 2025)	$2.68 million
Market Capitalization (Approx.)	$53.1 million

One-stop, all-round financial services including investment banking

MMTec, Inc. (MTC) positions itself as a full-service investment bank and asset management firm. The value proposition here is the comprehensive nature of the offering, which includes traditional incubation and investment activities alongside the newer placement agent work. The operational structure supports this through subsidiaries like MM Global Securities, INC., which is regulated by the SEC and FINRA, lending credibility to its investment banking functions.

Customizable, white-label trading interface and modular fintech solutions

The legacy technology business, though currently overshadowed by placement fees, continues to provide essential tools. These include the Securities Dealers Trading System (SDTS) and the Private Fund Investment Management System (PFIMS). These systems offer:

• Access to account management and risk management tools.
• Support for trade execution through partner networks.
• Modular fintech solutions for both mobile and web clients.

This technology is the foundation that allows for the customizable, white-label interface offering to financial institutions.

Connecting global investors to RMB-denominated financial assets via HiFund

The HiFund platform is the specific mechanism MMTec, Inc. (MTC) uses to bridge global capital flows with China-focused assets. This platform is designed explicitly for attracting global institutional and individual investors to invest in RMB-denominated financial assets. It's a direct channel for international capital seeking exposure to that specific asset class, leveraging the firm's cross-market capabilities.

Finance: draft updated segment contribution analysis by end of next week.

MMTec, Inc. (MTC) - Canvas Business Model: Customer Relationships

You're looking at a relationship model that has clearly pivoted toward high-value, service-based interactions, especially with institutional players. MMTec, Inc. (MTC) focuses its high-touch service delivery through its MM Global segment, which handles introducing broker services and the lucrative placement agent function. This is where the dedicated, professional service really lives, connecting institutional clients in China with global capital markets through their specialized trading infrastructure. The company's market capitalization as of late 2025 was around $53.1 million, showing they operate as a micro-cap firm relying on niche, high-touch relationships rather than sheer scale.

The transactional nature of the relationship is most evident in the placement agent services. This stream is now the primary revenue driver, bringing in approximately $0.81 million in revenue for the first half of 2025 (H1 2025). That revenue came with an impressive gross margin of 83.5% for that period, which is a strong indicator of the value captured in these transactional engagements. To put that in perspective against the whole business, the Trailing Twelve Months (TTM) revenue ending June 30, 2025, was approximately $2.68 million. The latest reported Gross Margin for the company overall is 82.21%.

For the self-service side, the data isn't as granular on a specific platform like HiFund, but we know MMTec, Inc. provides internet-based securities trading solutions and private fund management systems. The relationship here is likely more automated, driven by platform access and transaction processing, which contrasts sharply with the bespoke service for institutional clients. The overall institutional ownership in MMTec, Inc. stock is low, sitting at 0.83% of shares outstanding. Still, the institutional clients are the focus of the high-touch model, and we can see the activity of major shareholders who may represent or influence these clients.

The regulatory environment forces a specific, compliance-heavy relationship with financial institutions. Being a public company on the Nasdaq Capital Market means MMTec, Inc. incurs significant professional fees to maintain reporting standards. For the six months ended June 30, 2023, professional fees, which cover audit, legal, and financial consulting associated with public company status, totaled $519,200. This cost is a direct reflection of the required transparency and reporting for their institutional partners. You can see the concentration of institutional investor activity in the table below, which gives you a sense of the major financial entities involved in the stock, even if they aren't the direct service clients.

Here's a look at the major institutional holders as of the third quarter of 2025:

Owner Name	Date	Shares Held	Value (In 1,000s)
Susquehanna International Group, Llp	9/30/2025	89,595	$244
Citadel Advisors Llc	9/30/2025	27,591	$75
Hrt Financial Lp	9/30/2025	24,904	$68
Marex Group Plc	9/30/2025	21,658	$59
Virtu Financial Llc	9/30/2025	14,132	$38

The total number of institutional shares reported was 196,761 as of that date. That's a lot of paper shuffling for a micro-cap. Finance: draft a memo by Monday detailing the top 5 institutional client relationships, not just shareholders.

MMTec, Inc. (MTC) - Canvas Business Model: Channels

You're looking at how MMTec, Inc. (MTC) gets its value propositions-investment banking and asset management-out to the market as of late 2025. It's a multi-pronged approach, but the recent financial data shows a clear, almost singular focus driving the top line right now. The channels are a mix of regulated entities, proprietary tech platforms, and direct human interaction across global financial centers.

The regulated broker-dealer subsidiaries form a core part of the licensed access. MM Global Securities, INC. operates under the oversight of the SEC and FINRA, which is crucial for US market access. Then you have HC Securities (HK) Limited, which is regulated by the Hong Kong Financial Regulatory Authority, giving MMTec a necessary foothold in the Asian capital flow structure. These subsidiaries are the licensed conduits for executing trades and investment banking activities, though the revenue driver has clearly shifted away from the legacy tech platform fees.

The proprietary HiFund platform is designed to attract both global institutional and individual investors specifically for investing in RMB-denominated financial assets. This platform represents the technology-enabled channel for asset management. While the company historically provided software licensing and SaaS subscriptions for trading infrastructure, the H1 2025 revenue of approximately $0.81 million was almost entirely driven by Placement Agent Services, suggesting the HiFund channel's direct revenue contribution from tech fees is currently minimal compared to the investment banking service line. Honestly, the story here is the pivot.

Direct sales and consulting teams are strategically placed to service the high-net-worth and institutional clientele that utilize the regulated and platform channels. MMTec, Inc. deploys professional teams across key financial hubs, including New York, Hong Kong, Beijing, Shanghai, and Shenzhen. These teams provide the localized, cross-language, and cross-market service capabilities needed to bridge Chinese capital with global markets. Their function is to originate the deals that feed the Placement Agent Services stream.

The internet-based securities solutions and client systems are the underlying technology that supports the entire structure, even if the revenue is now coming from advisory services. This includes the securities dealers trading system, which handles registration, clearing, account management, and risk management. Also in the mix are the private fund investment management system and the client-facing interfaces:

• Mobile transaction individual client system for Apple iOS.
• PC client system for desktop users.
• Web applications for broader access.

These systems serve hedge funds, mutual funds, registered investment advisors, and proprietary trading groups. If onboarding takes 14+ days, churn risk rises, so the efficiency of these digital channels is key to client retention.

Here's the quick math on the financial context shaping these channels as of late 2025. Remember, the TTM revenue ending June 30, 2025, was $2.68 million, but the net loss for H1 2025 was a staggering $46.43 million, which defintely highlights the high-risk nature of the current business mix.

Financial Metric (as of late 2025)	Amount / Value	Period / Context
TTM Revenue	$2.68 million	Ending June 30, 2025
H1 2025 Revenue	$0.81 million	Driven by Placement Agent Services
H1 2025 Net Loss	$46.43 million	Reflecting credit losses
2024 Annual Revenue	$1.87 million	Year ended December 31, 2024
Price to Book Ratio (P/B)	0.87	As of November 2025
Loss Per Share	$5.35	Reported value

Finance: draft 13-week cash view by Friday.

MMTec, Inc. (MTC) - Canvas Business Model: Customer Segments

You're looking at the customer base for MMTec, Inc. (MTC) as of late 2025. Honestly, the public data is a bit high-level, but we can map the known business lines to your required segments using the latest available figures.

MMTec, Inc. operates through several internal structures, which directly correspond to the customer groups you listed. The MM Global segment, for instance, is where you see activity related to placement agent services and brokerage introductions. The launch of the HiFund platform specifically targets global institutional and individual investors interested in RMB assets.

Here is a breakdown of the business structure that serves these segments, along with the most recent top-line financial context we have:

Business Line/Segment	Primary Customer Segment Served	Relevant Financial Metric (as of H1 2025 or FY 2024)
MM Global Segment	Financial institutions and brokers needing trading system solutions; Issuers requiring private placement agent services	Earns commission income and placement agent services fee from customers.
HiFund Platform	Global institutional and individual investors for RMB assets	Platform launched to attract investment in RMB-denominated financial assets.
Gujia, MM Future, HC Securities Segments	Asian institutional clients seeking global capital access (via market data/consulting)	Provide market data services and consulting services.
Overall Company Scale	All Segments	Total Revenue (TTM) as of June 30, 2025: $2.68M.

The scale of the operation, based on the latest available employee count, is relatively lean, which you should keep in mind when assessing service capacity for these distinct groups:

• Total Employees (FY): 34.
• Sales, General and Admin Expenses (FY 2024): $4,586K.
• Revenue per Employee (FY 2024): Approximately $55,000 (based on $1.87M revenue / 34 employees).

For the segment focused on global institutional and individual investors for RMB assets, the company's strategic move to launch the HiFund platform is the key action point. While we don't have the specific Assets Under Management (AUM) for HiFund as of late 2025, the company's overall revenue for the half year ending June 30, 2025, was $807.50K.

The customer segment involving financial institutions and brokers is served through systems like the Securities Dealers Trading System and Private Fund Investment Management System. These customers include hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. The company enables these customers to white label its trading interface.

The structure suggests a heavy reliance on fees and commissions from these sophisticated financial entities. To be defintely clear, MMTec, Inc. has never paid dividends to shareholders, which reflects the reinvestment focus or the current financial performance profile.

Finance: draft 13-week cash view by Friday.

MMTec, Inc. (MTC) - Canvas Business Model: Cost Structure

You're looking at the hard costs MMTec, Inc. (MTC) is facing as of the latest reporting period. The cost structure is heavily influenced by operating overhead and significant non-operating charges, which you can see clearly in the numbers.

High Selling, General & Admin (SG&A) expenses are a major component of the recurring operational outlay. For the Trailing Twelve Months (TTM) ending June 2025, SG&A stood at $4.49 million. This is a key area to watch, as it was $4.59 million for the full year 2024.

The resulting financial performance shows significant credit losses and other charges contributing to a substantial TTM net loss. Earnings From Continuing Operations for the TTM ending June 2025 registered a loss of -$109.23 million. This massive loss is driven by several factors, including Other Non Operating Expenses of -$21.29 million and Other Unusual Items of -$89.07 million for the same TTM period.

The cost base includes personnel costs for professional teams across multiple global offices. While specific personnel line items are rolled into the broader SG&A, the $4.49 million TTM SG&A figure reflects these salary and overhead burdens. MMTec, Inc. (MTC) maintains operations headquartered in the Hong Kong Special Administrative Region, implying costs associated with international staffing and office leases.

Regulatory compliance and legal costs for maintaining US and HK operations are inherent to providing access to the U.S. financial markets from a Hong Kong base. These expenses are captured within the operating costs, though specific amounts for compliance filings or legal reserves aren't itemized separately from the main operating expense buckets in the latest public TTM data.

Technology development and maintenance costs for trading platforms are also embedded within the operating structure. Given the business focus on investment banking and asset management, platform stability and development are critical, forming a necessary, though unquantified separately, part of the overall cost base.

Here is a quick look at the key cost-related financial metrics for MMTec, Inc. (MTC) for the TTM ending June 2025:

Financial Metric (Millions USD)	TTM Jun '25	FY 2024
Selling, General & Admin	4.49	4.59
Cost of Revenue	0.48	0.34
Operating Income	-2.29	-3.06
Other Non Operating Expenses	-21.29	0.05
Other Unusual Items	-89.07	-90.24
Pretax Income	-109.19	-91.14
Earnings From Continuing Operations (Net Loss)	-109.23	-91.17

You should focus your immediate review on the drivers behind the $89.07 million in Other Unusual Items, as this dwarfs the standard operating expenses. Finance: draft 13-week cash view by Friday.

MMTec, Inc. (MTC) - Canvas Business Model: Revenue Streams

You're looking at the core ways MMTec, Inc. (MTC) brings in cash as of late 2025. The business has clearly shifted focus, which you can see right in the top-line numbers.

The Placement Agent Service fees are a significant driver for the first half of 2025, bringing in $0.81 million. That's a concrete number you can bank on for that period. Honestly, this suggests a heavy reliance on advisory or deal-sourcing work right now, which is a different game than pure platform sales.

Here's a quick look at the key revenue figures we have for the recent period:

Metric	Amount (USD)
H1 2025 Revenue (Placement Agent)	$0.81 million
Total Trailing Twelve Months (TTM) Revenue (Ending June 30, 2025)	$2.68 million
Implied Revenue from Other Sources (H2 2024 + Q1 2025)	$2.68 million - $0.81 million = $1.87 million

The total Trailing Twelve Months (TTM) revenue ending June 30, 2025, stood at $2.68 million. Still, we know that Fees from market data services and consulting are only a minimal contributor in 2025, so the bulk of the remaining $1.87 million from the TTM figure must come from the legacy technology side.

The revenue streams for MMTec, Inc. (MTC) can be categorized like this:

• Placement Agent Service fees, driving H1 2025 revenue of $0.81 million
• Licensing fees from technology solutions and trading platforms (legacy business)
• Fees from market data services and consulting (minimal contributor in 2025)
• Total Trailing Twelve Months (TTM) revenue ending June 30, 2025, was $2.68 million

If onboarding takes 14+ days, churn risk rises, especially if the legacy licensing revenue stream isn't providing a steady base. Finance: draft 13-week cash view by Friday.