---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-036410"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:33:11.187828+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Netcapital Q1 revenue plunges 91% YoY to $142K; net loss widens to $2.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-036410
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224036410/0001493152-24-036410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224036410/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-036410
- JSON: https://secwatch.observer/filing/0001493152-24-036410.json
- Plain text: https://secwatch.observer/filing/0001493152-24-036410.txt

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