earnings
confidence high
sentiment negative
materiality 0.85
Netcapital Q1 revenue plunges 91% YoY to $142K; net loss widens to $2.5M
Netcapital Inc.
2025-Q1 EPS
reported -$5.10
vs consensus -$0.74
▼ miss
(-584.9%)
- Revenue fell ~91% to $142,227 from $1.52M in prior-year quarter; funding portal revenues down 62% to $142,056.
- Operating loss increased 235% to $2,508,237 from $749,020; net loss of $2,527,170 up 414%.
- Loss per share of $5.10 vs $4.61 in prior year; cash and equivalents $855,181 as of July 31, 2024.
- CEO Martin Kay cited a challenging quarter; highlighted regulatory steps for broker-dealer application and secondary trading beta.
- Company hosts earnings call on September 17, 2024 at 11:00 a.m. ET to discuss results and outlook.