---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029475"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:11:47.329575+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Netcapital reports FY2024 revenue down 42% to $4.9M, net loss of $4.99M vs net income of $2.95M prior year

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-029475
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224029475/0001493152-24-029475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224029475/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029475
- JSON: https://secwatch.observer/filing/0001493152-24-029475.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029475.txt

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