---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000563"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:13:51.101536+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001903596-23-000563
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000563/0001903596-23-000563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000563/ncpl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000563
- JSON: https://secwatch.observer/filing/0001903596-23-000563.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000563.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000563/0001903596-23-000563-index.htm

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