Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital markets ecosystem, announced financial results for the second quarter of fiscal year 2025 ended October 31, 2024.
Netcapital operates a FINRA regulated funding portal that can enable firms to raise capital under Reg CF.
Financial Highlights:
- Revenue for the second quarter of fiscal year 2025 was $1.1 million, compared to $1.4 million for the same period in fiscal year 2024.
- Net loss for the second quarter of fiscal year 2025 was $0.8 million, compared to a net loss of $1.2 million for the same period in fiscal year 2024.
- Adjusted EBITDA for the second quarter of fiscal year 2025 was a loss of $0.6 million, compared to a loss of $0.9 million for the same period in fiscal year 2024.
- As of October 31, 2024, the company had cash and cash equivalents of $0.5 million.
Martin Kay, Chief Executive Officer of Netcapital Inc. said:
“We are pleased to report continued progress in our strategic initiatives during the second quarter of fiscal year 2025. Despite a challenging market environment, we have focused on enhancing our digital private capital markets ecosystem, driving operational efficiencies, and positioning the Company for long-term growth. Our efforts to streamline operations and optimize our technology platform have contributed to improved financial metrics compared to the prior year. We remain committed to expanding our offerings and delivering value to our shareholders and partners.”
As covered, Netcapital Inc. is a digital private capital markets ecosystem connecting private companies, investors, service providers through its technology-driven platform.
The company provides a range of services, including “equity crowdfunding, debt financing, and investor relations, to facilitate capital raising for emerging businesses.”
Netcapital is headquartered in Boston, Massachusetts.