---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000723"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:29:41.254454+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Netcapital Q1 FY2024 revenue up 13% to $1.5M; net loss $492K vs prior-year profit

## Summary
- Total revenue $1.5M (+13% YoY); funding portal revenue $375,856 (+110% YoY).
- Net loss $492K vs net income $65K in Q1 FY2023; diluted loss per share $0.07 vs EPS $0.02.
- Loss driven by higher marketing spend and stock-based compensation of $483K (vs $33K prior year).
- Began internal testing of secondary trading platform (registered ATS) for private securities.
- CEO cites strong quarter; conference call scheduled for Sept 15, 2023.

## SEC filing metadata
- accession: 0001903596-23-000723
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000723/0001903596-23-000723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000723/ncpl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000723
- JSON: https://secwatch.observer/filing/0001903596-23-000723.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000723.txt

## Key facts
- Earnings Releases
  Netcapital Inc. reported the first quarter of fiscal year 2024 ended July 31, 2023 results: revenue $1.5 million, net income net loss of approximately $492,000, EPS $0.07.
  - Period: the first quarter of fiscal year 2024 ended July 31, 2023
  - Revenue: $1.5 million
  - Net income: net loss of approximately $492,000
  - EPS: $0.07
  - Result: reported results
  source text: to support the continued growth of both our investor and issuer communities.” First Quarter Fiscal 2024 Financial Highlights ● Revenue growth of 13% year-over-year to $1.5 million, compared to revenue of $1.3 million in the first quarter of fiscal year 2023. ● Year-over-year increase of 110% in revenue from our funding portal services, which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000723/0001903596-23-000723-index.htm

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