Netcapital posts FY2023 revenue $8.5M (+55% YoY), operating income $2.3M; EPS $0.63 vs $1.31

Netcapital Inc.

Revenue $8.5M (+55% YoY); operating income $2.3M vs ($1.0M) loss in FY2022.
Net income $2.95M (down 16% YoY); diluted EPS $0.63 vs $1.27.
Paid down $1M debt, raised $6.7M in two public offerings, uplisted to Nasdaq in July 2022.
CEO expects to offer secondary trading in private equities later this year.
Investor conference call scheduled for July 27, 2023 at 10:00 a.m. ET.

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 fiscal year 2023 ended April 30, 2023 results: revenue $8.5 million, net income $2,954,972, EPS $0.63.

Period: fiscal year 2023 ended April 30, 2023
Revenue: $8.5 million
Net income: $2,954,972
EPS: $0.63
Result: reported results

Exact text from the filing

our brand is well-recognized for innovation and excellence, and well-positioned for value creation.” Fiscal Year 2023 Highlights ● Revenue growth of 55% year-over-year to $8.5 million as compared to $5.5 million in fiscal 2022 ● Operating income of $2.3 million compared to an operating loss of $1.0 million in fiscal year 2022 ● Paid down $1

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Source: SEC EDGAR

accession 0001903596-23-000563

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