Core Viewpoint - IDT Corporation's stock has significantly underperformed since its earnings report, with a 20.3% decline compared to a 0.9% gain in the S&P 500 Index during the same period [1] Financial Performance Overview - For Q4 fiscal 2025, IDT reported consolidated revenues of $316.6 million, a 3% increase year over year [2] - Gross profit increased by 12% to $114.5 million, with margins improving by 310 basis points to 36.2% [2] - Income from operations rose 9% to $21.9 million, while adjusted EBITDA surged 33% to $33.4 million from $25.2 million [2] - GAAP EPS fell 53.8% to $0.67 due to the absence of a prior-year tax benefit, but non-GAAP EPS increased by 33.3% to $0.76 [2] Full Fiscal Year Performance - For the full fiscal 2025, revenues increased by 2.1% to $1.23 billion, marking IDT's first annual revenue increase since 2021 [3] - Net income attributable to IDT rose 18.1% to $76.1 million, driving GAAP EPS up by 18.5% to $3.01 [3] - Non-GAAP EPS jumped 63.6% to $3.19, while adjusted EBITDA surged 43% to a record $128.7 million [3] Segmental Results - National Retail Solutions (NRS) saw recurring revenues grow 22% year over year in Q4 to $32.6 million, driven by merchant services and SaaS fees [4] - BOSS Money transactions increased by 22% year over year, with segment revenues rising 21% to $42.1 million [5] - net2phone's subscription revenues rose 8% to $22.2 million in Q4, with adjusted EBITDA increasing 42% to $3.5 million [6] - Traditional Communications revenues declined 3% to $217.4 million, primarily due to a 21% drop in BOSS Revolution calling revenues [7] Key Business Metrics - NRS achieved a monthly average recurring revenue per terminal of $299, up 4.9% year over year [8] - BOSS Money's digital channel revenues expanded 31% in Q4, accounting for over 80% of total remittance volume [8] Management Commentary - CEO Shmuel Jonas highlighted progress in digital initiatives across NRS, BOSS Money, and net2phone, including partnerships and upcoming digital capabilities [10] - Management emphasized a shift from retail to digital channels for BOSS Money, with plans for WhatsApp integration and a new digital wallet [10] Factors Influencing Results - The decline in GAAP net income was attributed to the absence of a one-off tax benefit from the prior year [11] - Increased churn in NRS's terminal base was noted, along with structural declines in international voice calling [11] Guidance - For fiscal 2026, IDT projects adjusted EBITDA of $141 million–$145 million, representing a 7% to 10% increase from fiscal 2025 levels [12] Other Developments - During fiscal 2025, IDT repurchased 221,823 shares for $10.1 million and maintained a quarterly dividend of $0.06 per share [13]

🚨UPDATE: WALMART-BACKED FINTECH PLATFORM ONEPAY WILL LAUNCH CRYPTO TRADING AND CUSTODY FEATURES LATER THIS YEAR ~ CNBC ...

Core Insights - Mercurity Fintech Holding Inc. (MFH) published an article by Chief Strategy Officer Wilfred Daye discussing digital asset treasury strategies and associated risks [1][2] - The article emphasizes the evolution of Digital Asset Treasuries (DAT) from a simple 'buy-and-hold' strategy to a more sophisticated capital markets discipline [3] Digital Asset Treasury Strategies - DAT companies utilize market-to-net-asset-value dynamics, convertible securities, and preferred stock to accumulate Bitcoin [2] - Key risks identified include market-to-net-asset-value ratio (mNAV) compression, refinancing exposure, and index-eligibility considerations [2] MFH's Approach - MFH aims to align treasury design with institutional-grade safeguards, clear risk limits, transparent disclosures, and diversified liquidity [3] - The company focuses on connecting traditional finance with crypto-native assets through compliant structures and prudent balance-sheet management [3] Treasury & Capital-Markets Principles - Risk-aware accumulation is emphasized, advising the judicious use of market windows and avoiding destructive issuance under unfavorable mNAV conditions [7] - Financing discipline is highlighted, treating convertible securities and preferred stock as leverage tools with explicit guardrails [7] - Liquidity and transparency are prioritized, ensuring robust disclosures and auditability suitable for institutional allocators [7] - The company advocates for evolution beyond Bitcoin reliance by investing in infrastructure and partnerships that create operating revenue [7]

Cryptocurrency Integration - OnePay (Walmart-owned fintech platform) will introduce cryptocurrency trading and custody features within its mobile banking app later this year [1] - Initially, the platform will support Bitcoin and Ethereum [1] - Users will be able to utilize cryptocurrency for Walmart purchases or to settle card debt [1]

Core Insights - OnePay, a fintech firm majority-owned by Walmart, is expanding its offerings to include cryptocurrency trading and custody services on its mobile app [1][2] - The company aims to become a comprehensive digital finance platform, similar to international super apps like WeChat, by adding various financial services [3] Company Developments - OnePay will enable users to trade bitcoin and ether later this year, collaborating with startup Zerohash for this initiative [2] - The app currently provides a range of services including high-yield savings accounts, credit and debit cards, and buy now, pay later loans [3] - OnePay's mobile app is gaining popularity, ranking No. 5 on Apple's app store for free finance apps, surpassing larger competitors like JPMorgan Chase and Robinhood [6] Industry Context - The mainstream adoption of cryptocurrency is increasing, particularly following a shift in the U.S. government's stance under President Trump [4] - Major financial institutions, including Morgan Stanley, are beginning to offer crypto products, indicating a growing trend in the industry [4][5] - Zerohash recently raised $104 million in funding, highlighting the increasing investment in companies involved in cryptocurrency [5] Market Position - OnePay benefits from its integration with Walmart's checkout process, providing access to 150 million weekly shoppers, while also targeting a broader audience beyond Walmart customers [7]

Core Insights - MoneyHero Limited has promoted Danny Leung to Chief Financial Officer effective October 1, 2025, after serving as interim CFO since December 15, 2024 [1][2] - The company reported its first quarterly net profit in Q2 2025 and sequential revenue growth in Q1 and Q2, indicating progress in its transformation strategy [3] Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform and a digital insurance brokerage in Greater Southeast Asia, with operations in Singapore, Hong Kong, Taiwan, and the Philippines [4] - The company has a diverse brand portfolio including B2C platforms such as MoneyHero, SingSaver, Money101, Moneymax, and Seedly, as well as a B2B platform named Creatory [4] - As of June 30, 2025, MoneyHero had over 270 commercial partner relationships and approximately 5.3 million Monthly Unique Users across its platform [4] Leadership and Strategy - Rohith Murthy, CEO, expressed confidence in Danny Leung's ability to optimize operations and drive revenue growth, aiming for Adjusted EBITDA profitability by the end of 2025 [2] - Danny Leung emphasized the importance of financial discipline and the commitment to expanding the partnership ecosystem and improving revenue mix [2]

Core Insights - Robinhood has experienced significant stock growth, increasing nearly 500% over the past year, and continues to attract attention in the market [1] - The company has evolved from a meme stock platform to a comprehensive financial ecosystem, catering to a growing consumer base with diverse services [1][2] User Base and Revenue - As of the end of Q2, Robinhood had 26.5 million customers and reported $989 million in revenue, marking a 45% year-over-year increase [3] - Average revenue per user rose by 34% in Q2, indicating that the company is generating more income from its existing customer base rather than solely relying on new user acquisition [4] Growth Prospects - User growth is modest, with a 10% year-over-year increase in Q2, but there is potential for increased business, particularly through the Robinhood Gold membership program [5] - The company is expanding its offerings, including banking services, futures and options trading, and cryptocurrency trading, to enhance its appeal to retail investors [6] Long-term Vision - Robinhood aims to become the leading marketplace for active traders and a top global financial ecosystem within a 10-year timeframe, competing with established players like PayPal and traditional banks [7] - The company anticipates benefiting from generational wealth transfer, as younger consumers are more likely to utilize its services [8] International Expansion - There is a significant global opportunity for Robinhood, particularly in markets where stock ownership is lower, with plans to expand into 30 European markets following its launch in the U.K. [9] Market Conditions and Valuation - The company's future growth is contingent on favorable market conditions, with expectations for more services and higher engagement, although the current bull market plays a crucial role [10] - Robinhood's stock is currently trading at a high valuation of 59 times forward one-year earnings, making it vulnerable to market fluctuations [12] Cautionary Notes - Despite robust long-term opportunities, there are concerns about the sustainability of current growth rates and the potential for revenue growth to slow down [13]

Core Viewpoint - NextGen Digital Platforms Inc. has been involved in promotional activities regarding its common shares, which were disclosed following a request from OTC Markets Group Inc. The company acknowledges its engagement with Gold Standard Media LLC for investor relations and advertising services, which included the distribution of promotional materials [1][2][3]. Group 1: Promotional Activities - On September 29, 2025, OTC Markets informed the company about promotional activities related to its shares, including newsletters published by Gold Standard Media LLC discussing the company and its Bittensor business [2]. - The company entered into an advertising agreement with Gold Standard Media LLC on July 28, 2025, and was aware of the promotional activities since that date [3]. - The company provided publicly available information for the marketing materials, which were reviewed and approved by management for factual accuracy [5]. Group 2: Company’s Position on Promotional Impact - The company does not believe that the promotional activities were the primary factor for any increase in trading volume but rather that they increased investor interest and awareness [6]. - After inquiries, the company confirmed that no directors, officers, or third-party service providers were involved in the creation or distribution of promotional materials beyond what was disclosed [7]. Group 3: Recent Share Transactions - The CEO of the company purchased 300,000 shares in the past 90 days, indicating insider confidence [8]. Group 4: Investor Relations and Services - The company has engaged several third-party service providers for investor relations and marketing services over the past twelve months, including Gold Standard Media LLC, Tafin GmbH, and others [9]. Group 5: Company Overview - NextGen Digital Platforms Inc. is a publicly listed fintech and digital asset company focused on Web3 technologies, blockchain infrastructure, and digital assets, aiming to develop innovative financial structures aligned with decentralized finance [11]. - The company also operates PCSections.com, an e-commerce platform, and a hardware-as-a-service business supporting the artificial intelligence sector [12].

Core Insights - MercadoLibre is experiencing a 10% decline in stock value due to increased competition from Amazon in Brazil, its largest market [1][2] - Amazon's aggressive strategy includes waiving logistics fees and take rates for new Brazilian merchants during the holiday season [2] - Despite the competition, MercadoLibre's strong logistical network and diverse fintech solutions position it well in the market [4][5] Competitive Landscape - Amazon is expanding aggressively in Brazil, but it is still considered an underdog compared to its dominance in the U.S. [3] - MercadoLibre has a robust ecosystem that includes e-commerce and fintech, making it difficult for competitors to disrupt its business [4][5] - Other competitors like Walmart, Costco, Sea Limited's Shopee, and Chinese companies such as Shein and PDD Holding's Temu are also entering the Latin American market [6][7] Market Potential - Latin America is viewed as a promising growth area for e-commerce, indicating that competition will continue to intensify [5] - MercadoLibre has shown significant growth over the past decade, being described as a "24-bagger," highlighting its potential for future growth [5]

As filed with the U.S. Securities and Exchange Commission on October 2, 2025 Registration No. 333-289711 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 to FORM S-1 NETCAPITAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Utah 6199 87-0409951 (I.R.S. Employer Identification Number) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ...