earnings
confidence high
sentiment negative
materiality 0.75
Netcapital reports FY2024 revenue down 42% to $4.9M, net loss of $4.99M vs net income of $2.95M prior year
Netcapital Inc.
- Revenue decreased 42% YoY to $4.9M; portal fees increased 109% to $874,368.
- Operating loss of $3.44M vs operating income of $2.27M for fiscal 2023.
- Net loss of $4.99M ($0.41 loss per share) vs net income of $2.95M ($0.63 EPS) prior year.
- Cash and cash equivalents of $863,182 as of April 30, 2024.
- Recorded an impairment loss of $1.05M in fiscal 2024.