NCPL

Netcapital Inc

NASDAQ

Add Alert

213

NCPL

Netcapital Inc

NASDAQ

Add Alert

213

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating

Older

81vette

12/28/23 10:40 AM

Post #28,070

Re: #28,068: @Triple nickle - Offering closed at 1:00 pm today I added

Thanks,I saw it green yesterday on my watch list, forgot to look why,been waiting for the offering closure,.201s filling now

Triple nickle Free

12/27/23 5:21 PM

Post #28,069

The warrants weeeeeee

Triple nickle Free

12/27/23 5:06 PM

Post #28,068

Re: #28,067: @81vette - Offering killed it this time

Offering closed at 1:00 pm today I added a few more looks like mms are staking up at 3.88

81vette

12/22/23 1:21 PM

Post #28,067

Re: #28,066: @charliewho - This company will always dump after good news.

Offering killed it this time

charliewho Free

12/22/23 1:16 PM

Post #28,066

Re: #28,065: @81vette - New 38 day high,slow and steady,hope it doesn’t

This company will always dump after good news. I’m pretty sure it’s the only way they can keep their doors open.

81vette

12/19/23 2:46 PM

Post #28,065

New 38 day high,slow and steady,hope it doesn’t get found/pumped/dumped,gotta love that Graphene

81vette

12/15/23 1:02 PM

Post #28,064

Re: #28,063: @81vette - 30% swing before the am. sell off,low .30s

Missed rev. (.06%pffft)For 2nd Q, but who cares with what’s to come,they did beat eps by 30%,ppl going to find out what GRAPHENE is soon imo

81vette

12/15/23 12:50 PM

Post #28,063

Re: #28,061: @subslover - NEWS Netcapital Funding Portal Revenues Increase by More Than 150%

30% swing before the am. sell off,low .30s might be gone now as ppl finding this,Institution transactions up 103%

81vette

12/14/23 5:46 PM

Post #28,062

Re: #28,061: @subslover - NEWS Netcapital Funding Portal Revenues Increase by More Than 150%

Graphene is the newest/greatest technology imo it could be a good driving force of greed with it’s amazing properties,many multiples better then current technologies

subslover

12/14/23 4:49 PM

Post #28,061

Re: #28,060: @81vette - Excellent awakening,beginning/middle/end of day vol surges,chart and lvl2

NEWS
Netcapital Funding Portal Revenues Increase by More Than 150%
Total Revenues Increase by 15%

Management to Host Earnings Call on December 15, 2023, at 10:00 a.m. ET

BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced select financial results for the second quarter of fiscal year 2024 ended October 31, 2023.

“It was a strong quarter for our funding portal business, which experienced revenue growth of 151%," said Martin Kay, CEO of Netcapital Inc. "This was driven by a significant increase in investment dollars closed on the Netcapital funding portal platform during the quarter, helped by the success of several large issuers, including Avadain, a graphene technology company, and EarthGrid PBC, a plasma boring technology company.”

Second Quarter Fiscal 2024 Financial Highlights

Revenues grew by approximately 15% year-over year to $2.0 million, compared to revenue of $1.8 million in the second quarter of fiscal year 2023.
Funding portal revenues increased approximately 151% year-over-year to $462,706, compared to $184,095 in the second quarter of fiscal 2023.
Diluted earnings per share of $0.04 in the three months ended October 31, 2023, were flat compared to diluted earnings per share of $0.04 for the same period in the prior year.
For additional disclosure regarding Netcapital’s operating results, please refer to the Quarterly Report on Form 10-Q for the period ended October 31, 2023, which has been filed with the Securities and Exchange Commission.

Conference Call Information

The Company will host an investor conference call on Friday, December 15, 2023 at 10:00 a.m. ET.

Participant access: 844-985-2012 or 973-528-0138
Conference entry code:
473254

For those unable to participate in the live call, a replay will be made available in the Investors section of the Company’s website.

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Netcapital Inc.

Income Statements

(Unaudited)

Three Months Ended Three Months Ended Six Months Ended Six Months Ended
October 31, 2023 October 31, 2022 October 31, 2023 October 31, 2022

Revenues
$

2,041,658

$

1,778,973

$

3,561,467

$

3,119,546

Costs of services

20,134

36,235

38,187

57,298

Gross profit

2,021,524

1,742,738

3,523,280

3,062,248

Costs and expenses:
Consulting expense

204,734

199,781

368,676

325,392

Marketing

46,731

32,882

288,619

40,662

Rent

18,379

17,187

37,989

34,399

Payroll and payroll related expenses

1,050,835

876,908

2,087,877

1,646,848

General and administrative costs

648,625

280,815

1,436,919

673,112

Total costs and expenses

1,969,304

1,407,573

4,220,080

2,720,413

Operating income (loss)

52,220

335,165

(696,800

)

341,835

Other income (expense):
Interest expense

(10,562

)

(22,978

)

(23,866

)

(59,290

)

Gain on debt conversion

-

-

-

224,260

Amortization of intangible assets

(28,331

)

(21,081

)

(56,662

)

(42,162

)

Unrealized loss on equity securities

-

(8,968

)

-

(8,968

)

Realized loss on sale of investment

-

-

-

(406,060

)

Total other income (expense)

(38,893

)

(53,027

)

(80,528

)

(292,220

)

Net income before taxes

13,327

282,138

(777,328

)

49,615

Income tax expense (benefit)

(326,289

)

99,000

(625,289

)

(198,000

)

Net income (loss)
$

339,616

$

183,138

$

(152,039

)

$

247,615

Basic earnings per share
$

0.04

$

0.04

$

(0.02

)

$

0.07

Diluted earnings per share
$

0.04

$

0.04

$

(0.02

)

$

0.07

Weighted average number of common shares outstanding:
Basic

9,435,491

4,289,802

8,453,349

3,729,174

Diluted

9,435,741

4,290,052

8,453,349

3,729,424

81vette

12/01/23 2:27 PM

Post #28,060

Excellent awakening,beginning/middle/end of day vol surges,chart and lvl2 looks good,accumulation continues,ceilings and floors are res/support

Bullish

81vette

11/30/23 12:52 PM

Post #28,059

Parabolic stop and restart flipped to buy today on daily (30 days) macd bullish over bears,last time was Oct 16th to start run up,also last 2 days candles match exactly,sm200 is .89 lots of run room,just need patience now wink

Bullish

81vette

11/30/23 12:19 PM

Post #28,058

Re: #28,012: @Triple nickle - Maybe at 2.34 but a big maybe

Might be nearing a big pop again,thought I would let u know to watch bro

Bullish

81vette

11/30/23 11:52 AM

Post #28,057

Accumulation,Nov16th,negative-.0394,today 25.90 steady climb since 16th

Bullish

81vette

11/30/23 11:42 AM

Post #28,056

Buying vol up 250% today,since the big dump on nov 16(usually a big dump when dilution/debt is done,hence the drop before pop)

Bullish

81vette

11/30/23 11:32 AM

Post #28,055

NOT OPTIONABLE (always good for retail) shares to short dropped 20% eod yesterday,fee 122%

Bullish

81vette

11/30/23 11:23 AM

Post #28,054

Sales 9M,PROFITING 2.4M,institutional up 94%(holding 20% now),insiders 21%,

Bullish

81vette

11/30/23 11:15 AM

Post #28,053

#1 on my scanner,7M float,9M o/s,debt/eq .06(GREEN),book pps $4.08

Bullish

charliewho Free

11/21/23 8:37 AM

Post #28,052

Re: #28,050: @Nostradamus2 - ChumpnDump Company in last 6 months has taken

Clearly this company is not making enough to pay its employees. I’m assuming it’s going there

Nostradamus2 Free

11/16/23 1:35 PM

Post #28,050

ChumpnDump Company in last 6 months has taken cash out and diluted shareholders
May 1.1M shares@$1.55
July 1.725M shares@$.70
Now 11.136M shares@.449
Who is getting this cash?

Bearish

BoscoLives21 Free

11/09/23 1:34 PM

Post #28,049

https://www.barrons.com/articles/american-weekend-entertainment-teams-with-netcapital-for-capital-raise-18a6e4cd

Bullish

BoscoLives21 Free

11/01/23 5:54 PM

Post #28,048

Great news! https://www.businesswire.com/news/home/20231031350337/en/Netcapital-Funding-Portal-Success-Story-Avadain-Raises-4.5-Million-in-Sold-Out-Capital-Offering

BoscoLives21 Free

10/24/23 5:00 PM

Post #28,047

Re: #28,046: @BoscoLives21 - Anyone know why we’re spiking 20% so far today?

https://www.businesswire.com/news/home/20231024737611/en/Netcapital-Funding-Portal-Facilitates-3.3-Million-Capital-Raise-by-EarthGrid-PBC

BoscoLives21 Free

10/20/23 2:18 PM

Post #28,046

Anyone know why we’re spiking 20% so far today?
$NCPL

Bullish

Monksdream PremiumMember

10/02/23 4:23 PM

Post #28,045

NCPL new 52 week low

Monksdream PremiumMember

09/21/23 2:52 PM

Post #28,044

NCPL new 52 week low

Monksdream PremiumMember

09/17/23 3:42 PM

Post #28,043

NCPL new 52 week low

Monksdream PremiumMember

09/11/23 4:22 PM

Post #28,042

NCPL new 52 week low

BoscoLives21 Free

09/04/23 3:03 PM

Post #28,041

https://www.benzinga.com/trading-ideas/long-ideas/23/07/33389274/top-5-financial-stocks-that-may-rocket-higher-in-q3

Bullish

charliewho Free

09/01/23 7:14 PM

Post #28,040

Re: #28,039: @CaoPanShou - they get a letter from naz yet?

Yup. They sure did

CaoPanShou Free

08/23/23 7:14 PM

Post #28,039

Re: #28,038: @Inve$tor77 - New 52 week low again

they get a letter from naz yet?

Inve$tor77 Free

08/23/23 11:46 AM

Post #28,038

New 52 week low again

Monksdream PremiumMember

08/18/23 1:12 PM

Post #28,037

NCPL new 52 week low

Monksdream PremiumMember

08/14/23 3:00 PM

Post #28,036

NCPL new 52 week low

Inve$tor77 Free

08/09/23 7:10 AM

Post #28,035

S1 Amendment for more shares to sell. Geez really

Inve$tor77 Free

07/28/23 1:33 PM

Post #28,034

Ran nicely after hours the other day. Won’t take much to get this back to where it belongs. Some gaps to fill at $1s.

Inve$tor77 Free

07/20/23 6:14 AM

Post #28,033

Re: #28,032: @charliewho - Repeat offender here…… capital raise after capital raise.

Wow they did that big of a reverse split ? The offering is way below 52 week low of .70. Horribly managed company .

charliewho Free

07/19/23 10:34 PM

Post #28,032

Repeat offender here…… capital raise after capital raise. I had such high hopes for this company before it reversed split 2000–1. I’m still shaking my head they did that at the time they did it. Every subber was running hard but because of the pending massive reverse it just sat stuck in the mud….. dumped it along time ago but still watch to see what happens, which is nothing…… EVER.