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8-K: Netcapital Announces Third Quarter Fiscal 2025 Financial Results

SEC ·  Mar 17 20:30

Summary by Moomoo AI

Netcapital reported significant revenue decline in Q3 FY2025 ended January 31, with revenue falling 85% YoY to $152,682 from $1.04M. The company posted an operating loss of $1.69M and a net loss of $3.01M, compared to a net loss of $2.23M in the same period last year. Loss per share was $1.57, improving from $13.60 YoY.The company achieved a strategic milestone with FINRA's approval of its wholly-owned broker-dealer subsidiary, Netcapital Securities Inc., in November. CEO Martin Kay highlighted this development as a potential source of additional revenue, noting that Algernon NeuroScience Inc. has recently engaged their services for a planned Regulation A offering.As of January 31, 2025, the company maintained cash and cash equivalents of $614,304. Management will host an earnings conference call on March 19, 2025, at 10 a.m. ET to discuss the quarterly results and business outlook.
Netcapital reported significant revenue decline in Q3 FY2025 ended January 31, with revenue falling 85% YoY to $152,682 from $1.04M. The company posted an operating loss of $1.69M and a net loss of $3.01M, compared to a net loss of $2.23M in the same period last year. Loss per share was $1.57, improving from $13.60 YoY.The company achieved a strategic milestone with FINRA's approval of its wholly-owned broker-dealer subsidiary, Netcapital Securities Inc., in November. CEO Martin Kay highlighted this development as a potential source of additional revenue, noting that Algernon NeuroScience Inc. has recently engaged their services for a planned Regulation A offering.As of January 31, 2025, the company maintained cash and cash equivalents of $614,304. Management will host an earnings conference call on March 19, 2025, at 10 a.m. ET to discuss the quarterly results and business outlook.
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