Netcapital prelim FY2023 rev ~$8.4M (+53% YoY); op income $2.2M vs prior year loss

Netcapital Inc.

Net sales estimated $8.3-$8.5M, up ~53% from $5.5M in FY2022, driven by consulting fees.
Operating income estimated $2.1-$2.3M, a $3.2M swing from an operating loss of $1.0M in FY2022.
Results are preliminary and unaudited; audited financial statements for FY2023 are not yet available.

item 2.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Netcapital Inc. reported fiscal year 2023 results: revenue from $8.3 million to $8.5 million.

Period: fiscal year 2023
Revenue: from $8.3 million to $8.5 million
Result: preliminary results

Exact text from the filing

For the fiscal year 2023, we estimate that our net sales will range from $8.3 million to $8.5 million, an increase of approximately $2.9 million, or 53%, using the midpoint of the estimated net sales range when compared with net sales of $5.5 million for the fiscal year ended April 30, 2022 (“fiscal year 2022”).

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Netcapital Inc. filing history →

Source: SEC EDGAR

accession 0001903596-23-000522

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