Business
Netcapital Reports Annual Revenue Growth of 169% to $4.7 Million
Funding Portal Market Share Triples Highlights: Net income increased by 143% to $1,469,660 with fully diluted EPS of $0.89 Cash balances grew to $2.5 million
About this update from Netcapital Inc.
[{"type":"text","content":"\nFunding Portal Market Share Triples\n\nHighlights:\n\n\nNet income increased by 143% to $1,469,660 with fully diluted EPS of $0.89\n\n\nCash balances grew to $2.5 million\n\n\nEquity securities at fair value rose by 348% to $6,298,008\n\n\nBook value rose to $8.61 per share\n\n\n BOSTON--(BUSINESS WIRE)--\nNetcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced fiscal 2021 revenues of $4,721,003, an increase of 169% over the previous year. Net income increased by 143% to $1,469,660, resulting in fully diluted earnings per share of $0.89.\n\n“This was a transformational year for our company, as the purchase of the Netcapital funding portal placed us at the forefront of emerging technology in digital capital markets,” said Dr. Cecilia Lenk, CEO of Netcapital Inc. “With the significant increase in Reg CF offering limits from $1 million to $5 million, the outlook for the industry remains bright, and we are optimistic about our future growth prospects.”\n\n“Our portfolio companies also continue to perform well,” added Dr. Lenk. “Deuce Drone successfully completed its first food delivery operation. Zelgor completed a stability test launch of its first mobile game, Noobs in Space, and ChipBrain sold out two rounds of financing on the Netcapital platform.”\n\n“The Netcapital funding portal is showing strong momentum. More than $17 million dollars were invested through the platform this year, while our market share has more than tripled. Growth accelerated into the fourth quarter, with dollars invested through the portal up 740% vs. the fourth quarter of last year,” said Jason Frishman, CEO of Netcapital Funding Portal Inc. “Visitors to the site have been surging, with more than 300,000 unique visitors to netcapital.com during the month of June, while recent enhancements to our site have helped propel a significant increase in the number of investor accounts. We look forward to delivering continued momentum going forward.”\n\nNetcapital Inc. Will Host An Earnings Conference Call on September 8, 2021 \n\nNetcapital Inc. will discuss its fiscal 2021 results via an investor conference call on Wednesday, September 8, 2021 at 12:00 p.m. ET. To join the call, please use the following access numbers:\n\n\nPhone Numbers: 844-985-2012, 973-528-0138\n\n\nConference ID: 641245\n\n\nThose unable to listen to the call live may...