---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010400"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T13:11:01.852632+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010400
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/0001493152-24-010400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010400
- JSON: https://secwatch.observer/filing/0001493152-24-010400.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010400.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/0001493152-24-010400-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/0001493152-24-010400-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.