Business
Netcapital Inc. Announces Revenue Growth of 198% YoY in the First Half of Fiscal 2021
First Half Earnings Review Conference Call to be Held on December 18, 2020 Highlights: Six-Month Revenues up 198% to $2,493,486 Growth in netcapital.com user
About this update from Netcapital Inc.
[{"type":"text","content":"\nFirst Half Earnings Review Conference Call to be Held on December 18, 2020\n\nHighlights:\n\n\nSix-Month Revenues up 198% to $2,493,486\n\n\nGrowth in netcapital.com user metrics up triple digits year-over-year with new users up more than 3,000% in November\n\n\nStrong business momentum at Netcapital Advisors with meaningful impact on success of clients and portfolio companies\n\n\n BOSTON--(BUSINESS WIRE)--\nNetcapital Inc. (OTC: NCPL), a fintech company dedicated to democratizing private capital markets and empowering entrepreneurs to succeed, announced first half 2021 revenues of $2,493,486, an increase of 198% over the previous year. The company reported a gross profit margin of 71% and positive shareholders’ equity of $760,012, an increase of 19% compared to last year. The value of our investment portfolio increased 186% year-over-year to $3,721,514 and our portfolio companies continue to execute well.\n\nPro forma numbers reflecting the potential impact of the merger with Netcapital can be found in the company’s Quarterly Report on Form 10-Q for the period ended October 31, 2020, which has been filed with the Securities and Exchange Commission.\n\nNetcapital Inc. Achieves Significant Milestones During the First Half of Fiscal 2021\n\nDuring the first half of fiscal 2021, Netcapital Inc. entered into a merger agreement with longtime partner Netcapital, transforming the company into a powerful fintech leader with a proven and scalable technology platform. To better reflect its differentiated position within the private capital markets, Netcapital Inc. took on a new name and a rebranding initiative that included the introduction of two new websites, www.netcapitalinc.com and www.netcapitaladvisors.com. In addition, Netcapitial Inc. achieved Penny Stock Exempt status, making it easier for investors to transact in Netcapital Inc. shares (NCPL) and paving the way for potential new investors.\n\nNetcapital Achieved Triple-digit Year-Over-Year Growth Across Key Metrics and Sold Out Issuer Offering Within a Few Hours, Underscoring Scalability of Platform and Brand Strength\n\nDuring the six months ended October 31, 2020, Netcapital achieved triple-digit year-over-year growth across several key metrics including new users, dollars invested and website traffic. This growth continued into the fiscal third quarter. As of the end of N...