Netcapital reports Q4 EPS ($1.57) vs. ($13.60) last year

Reports Q4 revenue decreased approximately 85% year-over-year to $152,682M, compared to revenue of $1,042,793 M in the third quarter of fiscal year 2024…”During the fiscal year, management shifted its focus to establishing the company’s wholly-owned broker-dealer subsidiary, Netcapital (NCPL) Securities Inc., which was approved by FINRA in November. We believe this major milestone will provide additional sources of revenue going forward,” said Martin Kay, CEO of Netcapital Inc. “We did face a tough quarter during an uncertain market environment. Looking forward, however, we are pleased that Algernon NeuroScience Inc. recently engaged Netcapital Securities for a planned Regulation A (Reg A) offering and to provide broker-dealer and administrative services.”