Netcapital (NCPL)2024-12-16 21:52Financial Performance - Revenues decreased 92% year-over-year to $170,528, compared to $2,041,658 in the second quarter of fiscal year 2024[5] - Revenues increased 20% quarter-over-quarter to $170,528, compared to $142,227 in the first quarter of fiscal year 2025[5] - Operating loss of ($2,202,431) in the second quarter of fiscal 2025, compared to operating income of $52,220 for the same period in fiscal 2024[5] - Net loss of approximately ($2,220,501) in the second quarter of fiscal 2025, compared to a net profit of approximately $339,616 for the same period in the prior year[5] - Loss per share of ($2.34) for the quarter ended October 31, 2024, compared to earnings per share of $2.52 for the same period in the prior year[5] Cash and Assets - Cash and cash equivalents as of October 31, 2024, were $1,346,739, an increase from $863,182 as of April 30, 2024[12] - Total assets increased to $41,937,918 as of October 31, 2024, compared to $41,557,306 as of April 30, 2024[12] Liabilities - Total current liabilities increased to $4,031,595 as of October 31, 2024, compared to $3,116,698 as of April 30, 2024[12] Business Development - The company received approval from FINRA to become a FINRA-member broker-dealer, opening new revenue channels[4] - The company plans to leverage its new broker-dealer license to support companies raising capital under Reg A and Reg D offerings[4]