Netcapital Inc (NCPL)

[charliewho]

BOSTON, MA – December 14, 2021 – Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, today announced its financial results for the first six months of fiscal 2022 ended October 31, 2021.

Net income for the first six months of fiscal 2022 increased 1,843% to $1,183,254, while the company generated revenues of more than $1.8 million. On a per share basis, fully diluted EPS was $0.47 compared to $0.15 in the prior year period, an increase of 213%.

As of October 31, 2021, equity securities at fair value totaled $9,623,753 compared to $3,721,514 one year ago, an increase of 159%.

“Following our strong financial results for the second quarter, the Netcapital funding portal continued its momentum with over $4 million raised through the portal in the month of November alone – a new monthly record for netcapital.com – resulting in a healthy 9% market share,” said Jason Frishman, CEO of Netcapital Funding Portal Inc.