---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000544"
form_type: "8-K/A"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:20:01.934494+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001903596-23-000544
- form_type: 8-K/A
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000544/0001903596-23-000544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000544/ncpl_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000544
- JSON: https://secwatch.observer/filing/0001903596-23-000544.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000544.txt

## Key facts
- Earnings Releases
  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
  source text: For the fiscal year 2023, we estimate that our net sales will range from $8.3 million to $8.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000544/0001903596-23-000544-index.htm

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