Business
Netcapital Inc. Reports Nine Month Revenue Growth of 137% to $3.8 Million
Earnings Review Conference Call to be Held on March 31, 2021 at 12:00 ET Highlights: Fiscal nine month revenues of $3,770,813, an increase of 137% Net income
About this update from Netcapital Inc.
[{"type":"text","content":"\nEarnings Review Conference Call to be Held on March 31, 2021 at 12:00 ET\n\nHighlights:\n\n\nFiscal nine month revenues of $3,770,813, an increase of 137%\n\n\nNet income of $103,535, with earnings per share of 11 cents\n\n\nBook value per share of $6.03\n\n\nTriple digit y/y growth across key user metrics\n\n\n BOSTON--(BUSINESS WIRE)--\nNetcapital Inc. (OTC: NCPL), a digital private markets ecosystem, announced fiscal nine month revenues of $3,770,813, an increase of 137% over the previous year. The company reported a gross profit margin of 81%, net income of $103,535 and earnings per share of $0.11. The value of the company’s investment portfolio (investments at cost) increased 81% year-over-year to $3,726,514, while book value per share was reported at $6.03.\n\nNetcapital Inc.’s Purchase of Netcapital Funding Portal Inc. Receives FINRA Approval\n\nNetcapital Inc.’s previously announced purchase of Netcapital Funding Portal Inc. received FINRA approval, finalizing the transaction.\n\nNetcapital.com Achieved Strong Growth, Entered ATS Partnership With Rialto Markets\n\nDuring the nine months ended January 31, 2021, Netcapital achieved triple-digit year-over-year growth across several key metrics including increases of:\n\n\n360% in Unique New Users\n\n\n431% in Dollars Invested\n\n\n343% in Traffic\n\n\nThe company continues to see strong momentum in 2021 and expects to benefit from SEC regulatory enhancements and growing awareness of the benefits of digital private capital markets.\n\nNetcapital also announced a partnership with Rialto Markets, an innovative registered broker-dealer operating an alternative trading system (ATS). Rialto applies the intelligence of blockchain technology and blockchain-based smart contracts in the form of digital securities to transform the private capital marketplace. In a mutually beneficial agreement, Netcapital.com will leverage Rialto’s ATS to provide issuers and investors with the potential for expanded distribution and liquidity.\n\nSEC Regulatory Enhancements, Effective in March, Enable Companies to Raise More Capital, Draws Previous Success Stories Back to the Netcapital Funding Portal\n\nThe exempt offering regulatory enhancements proposed by the Securities and Exchange Commission (SEC) in 2020 went into effect this March. The amendments will increase the offering limits for Regulat...