secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001493152-24-010400
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/0001493152-24-010400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224010400/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010400

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