Netcapital Inc. announces net income of $ 1.5 million
BOSTON–(COMMERCIAL THREAD) – Netcapital Inc. (OTCQX: NCPL), an ecosystem of digital private markets, reported first quarter fiscal 2022 profit of $ 1,457,410, an increase of 4,621% year-over-year former. The company reported diluted earnings per share of $ 0.65 and a book value of $ 9.26.
“We are pleased with the earnings momentum generated by our company this quarter,” said Dr. Cecilia Lenk, CEO of Netcapital Inc. “The performance of our portfolio companies remains strong as the funding portal continues to show robust growth. We are optimistic about the future prospects of Netcapital Inc.
“The Netcapital funding portal shows strong momentum,” added Jason Frishman, CEO of Netcapital Funding Portal Inc. “More than $ 7 million was invested through the platform this quarter, up 500% from the first quarter from last year. With the recent increase in Reg CF offering limits from $ 1 million to $ 5 million, the outlook for the industry remains bright and we look forward to continuing to grow in the future. ”
Netcapital Inc. to host earnings conference call on September 22, 2021
Netcapital Inc. will discuss first quarter results during an investor conference call on Wednesday, September 22, 2021 at 12:00 p.m. ET. To participate in the call, please use the following access numbers:
Phone numbers: 844-985-2012, 973-528-0138
Conference number: 712593
Those unable to listen to the call live can access a replay through the Investors section of the Netcapital Inc. website: www.netcapitalinc.com.
For more information on results of operations, please refer to the Quarterly Report on Form 10-Q for the period ended July 31, 2021, which has been filed with the Securities and Exchange Commission.
About Netcapital Inc .:
Netcapital Inc. is a financial technology company with a scalable technology platform that enables private companies to raise capital online and provides private equity investment opportunities to investors. The company’s advisory group, Netcapital Advisors, provides marketing and strategic advice and takes stakes in selected companies with disruptive technologies. The Netcapital funding portal is registered with the United States Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.
The information contained in this document includes forward-looking statements. These statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from results, levels of activity, future performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements as they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and probably will, have a material effect on actual results, activity levels, performances or achievements. Any forward-looking statement reflects our current views regarding future events and is subject to these and other risks, uncertainties and assumptions regarding our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in such forward-looking statements, even if from new information becomes available in the future.