Netcapital prelim FY2023 net sales up ~53% to $8.3-8.5M; operating income $2.1-2.3M vs loss of $1.0M

Netcapital Inc.

Preliminary FY2023 net sales estimated $8.3M-$8.5M vs $5.5M in FY2022 (midpoint +53%).
Preliminary FY2023 operating income $2.1M-$2.3M vs FY2022 operating loss of $1.0M (approx. +$3.2M swing).
Cash balances: $569,441 at Apr 30, 2023; $901,273 at Jun 30, 2023.
Revenue increase driven primarily by higher consulting fees.

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 0.9

Netcapital Inc. reported the fiscal year ended April 30, 2023 results: revenue $8.3 million to $8.5 million.

Period: the fiscal year ended April 30, 2023
Revenue: $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

View on SEC.gov

Browse all earnings releases →

Netcapital Inc. filing history →

Source: SEC EDGAR

accession 0001903596-23-000544

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.