Netcapital Q3 FY2024 revenue falls 54% to $1.0M, diluted EPS $(0.19) vs $0.33

Netcapital Inc.

2024-Q3 EPS reported -$0.25 vs consensus -$0.63 ▲ beat (+60.5%)

Revenue decreased 54% YoY to $1.0M from $2.3M in Q3 FY2023.
Diluted EPS of ($0.19) versus $0.33 in prior year; net loss for quarter.
Funding portal revenues down 23% to $179,588, but YTD portal fees up 152% to $375,683.
Cash and equivalents of $2.17M as of Jan 31, 2024; closed $4M public offering in Dec 2023.
CEO cites challenges but optimistic; funding portal strength noted.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Netcapital Inc. reported first nine months of fiscal year 2024 ended January 31, 2024 results: revenue $4.6 million, EPS ($0.25) per diluted share.

Period: first nine months of fiscal year 2024 ended January 31, 2024
Revenue: $4.6 million
EPS: ($0.25) per diluted share
Result: reported results

Exact text from the filing

Revenues decreased by approximately 14% year-over-year to $4.6 million, compared to revenue of $5.4 million in the first nine months of fiscal year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Netcapital Inc. reported third quarter of fiscal year 2024 ended January 31, 2024 results: revenue $1.0 million, EPS ($0.19) per diluted share.

Period: third quarter of fiscal year 2024 ended January 31, 2024
Revenue: $1.0 million
EPS: ($0.19) per diluted share
Result: reported results

Exact text from the filing

Revenues decreased by approximately 54% year-over-year to $1.0 million, compared to revenue of $2.3 million in the third quarter of fiscal year 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-24-010400

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