secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001493152-24-029475
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224029475/0001493152-24-029475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224029475/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029475

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer