Core Insights - Netcapital Inc. reported financial results for Q3 fiscal 2026, highlighting a revenue increase compared to Q2 fiscal 2026 and the signing of four new clients at its broker-dealer [1][3]. Financial Performance - Total revenues for Q3 fiscal 2026 were $94,347, a decrease from $152,682 in the same quarter of the previous year, primarily due to lower funding portal activity [9][14]. - The operating loss for Q3 fiscal 2026 was $2,174,335, compared to an operating loss of $1,687,692 in the prior year [9][14]. - The net loss per share was ($0.32) for Q3 fiscal 2026, an improvement from a net loss of ($1.57) per share in the same quarter last year [9][14]. Corporate Developments - Key milestones included the acquisition of Iverson Design and the signing of PureWave Hydrogen as the first tokenization client, which is expected to expand revenue streams into real-world asset tokenization [7][8]. - The company partnered with Silicon Prairie Holdings Inc. to enhance regulatory infrastructure for secondary trading of securities [8]. Cash Position - Cash and cash equivalents as of January 31, 2026, were $715,443, an increase from $289,428 as of April 30, 2025 [9][12]. Operational Highlights - The company maintained gross margins consistently above 90% and emphasized a focus on driving new revenue streams to improve bottom-line results in upcoming quarters [3].

Core Viewpoint - Netcapital Inc. has engaged PureWave Hydrogen Corp. as its first issuer for tokenized assets, marking a significant step in its initiative to tokenize real-world assets and generate revenue [1][2]. Group 1: Engagement and Revenue Generation - The engagement with PureWave Hydrogen is seen as Netcapital's first potential revenue-generating initiative in real-world asset tokenization [2]. - The company aims to develop a repeatable template for future issuer engagements across various asset classes, applying a consistent fee structure and technology framework [2]. Group 2: Modernizing Capital Formation - Netcapital believes that this project illustrates how regulated digital infrastructure can enhance capital formation for asset-backed projects, allowing broader investor access [3]. - The company intends to enable project-level economic exposure for investors while ensuring compliance with applicable regulations and maintaining investor protections [3]. Group 3: Company Overview - Netcapital Inc. operates as a fintech company with a scalable technology platform that facilitates online capital raising for private companies and offers private equity investment opportunities [4]. - The company's funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) [4].

Core Insights - Netcapital Inc. reported its financial results for the second quarter of fiscal 2026, highlighting a significant decrease in total revenues compared to the previous year, primarily due to lower funding portal activity [3][9] - The company is expanding its offerings to include cryptocurrency and blockchain financing, aiming to attract new clients and diversify its revenue streams [2][8] - A recent strategic acquisition of Rivetz Corp. is expected to enhance Netcapital's capabilities in the blockchain space, positioning the company for future growth in the tokenized asset market [2][4] Financial Highlights - Total revenues for the second quarter were $51,076, down from $170,528 in the same quarter last year, reflecting a decrease of approximately 70% [9][14] - The operating loss was reported at $2,119,457, slightly improved from a loss of $2,202,431 in the prior-year quarter [9][14] - The net loss per share was ($0.44), compared to ($2.34) in the same period last year, indicating a significant reduction in losses [9][14] Balance Sheet Overview - As of October 31, 2025, cash and cash equivalents increased to $1,684,188 from $289,428 at April 30, 2025 [12] - Total assets rose to $25,439,398 from $20,901,491, indicating a growth in the company's asset base [12][13] - Total liabilities decreased to $4,002,600 from $5,995,767, reflecting improved financial health [12][13] Strategic Initiatives - The company plans to enhance its platform to facilitate online capital raising for private companies through cryptocurrency and blockchain financing [2][8] - The acquisition of Rivetz Corp. is aimed at integrating hardware-based cybersecurity with blockchain services, which is expected to drive long-term growth [4][2]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for the first quarter of fiscal 2026, representing an increase of approximately 34% compared to $142,227 for the same period in fiscal 2025 [3] - Operating loss was approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal 2025 [4] - Loss per share improved to $1.27 from $5.10 in the first quarter of fiscal 2025 [4] - As of July 31, 2025, cash and cash equivalents stood at approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was primarily attributed to higher portal fees and increased revenues from services provided in exchange for equity securities [3] - One issuer accounted for 73% of the revenues during the quarter, successfully raising approximately $5 million from March 24, 2025, to May 30, 2025 [4] Market Data and Key Metrics Changes - The company is focusing on integrating blockchain, digital assets, and crypto with traditional finance, positioning itself to explore opportunities in decentralized finance (DeFi) [6][7] Company Strategy and Development Direction - The company is shifting its business model away from equity-based consulting revenue to build a stronger, more scalable business [5] - The establishment of a crypto advisory board aims to guide efforts in integrating blockchain and digital assets into the company's operations [6] - A game advisory board has been launched to advance strategic growth initiatives and deepen engagement with the online gaming community [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the solid performance of the core business, with revenue and portal fee growth exceeding 30% [5] - The company remains committed to driving long-term growth through innovation and execution, aiming to build the best fintech ecosystem [5] Other Important Information - The company serves a broad base of issuers and investors through its Netcapital Funding Portal and broker-dealer Netcapital Securities Inc. [7] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][10]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for Q1 fiscal 2026, an increase of approximately 34% compared to $142,227 in Q1 fiscal 2025, primarily driven by increased portal fees and service revenues related to equity securities [3] - Operating loss was approximately $3.3 million in Q1 fiscal 2026, compared to a loss of approximately $2.5 million in Q1 fiscal 2025 [4] - Loss per share improved to $1.27 from $5.10 in the same period last year [4] - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was significantly attributed to one issuer, which accounted for 73% of total revenues during the quarter [3] Market Data and Key Metrics Changes - The company is focusing on integrating blockchain, digital assets, and crypto with traditional finance, indicating a strategic shift towards decentralized finance (DeFi) [6][7] Company Strategy and Development Direction - The company is committed to driving long-term growth through innovation and execution, aiming to build a stronger and more scalable fintech ecosystem [5] - Establishment of a crypto advisory board to guide efforts in integrating blockchain and digital assets [6] - Launch of a game advisory board to enhance strategic growth initiatives and engagement with the online gaming community [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the encouraging results at the start of the fiscal year, highlighting solid performance in core business areas [5] - The strategic shift from equity-based consulting revenue to a focus on scalable business models is seen as a positive development [5] Other Important Information - The company aims to enhance its services through blockchain and digital asset innovation to lead future private market opportunities [7] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][11]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for the first quarter of fiscal 2026, representing an increase of approximately 34% compared to $142,227 for the same period in fiscal 2025 [3] - The operating loss was approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal 2025 [4] - The loss per share improved to $1.27 from $5.10 in the first quarter of fiscal 2025 [4] - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was primarily attributed to an increase in portal fees and services provided in exchange for equity securities [3] - One issuer accounted for 73% of the revenues during the quarter, successfully raising approximately $5 million from March 24, 2025, to May 30, 2025 [4] Company Strategy and Development Direction - The company emphasized a strategic shift from equity-based consulting revenue to building a stronger, scalable business model [5] - The focus is on driving long-term growth through innovation and execution to build a robust fintech ecosystem [5] - The establishment of a crypto advisory board aims to integrate blockchain and digital assets with traditional finance, positioning the company for a larger role in fintech and decentralized finance (DeFi) [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the encouraging results at the start of the fiscal year, highlighting revenue and portal fee growth of over 30% [5] - The company aims to enhance its services through blockchain, crypto, and digital asset innovation to lead future private market opportunities [7] Other Important Information - A game advisory board was launched to advance strategic growth initiatives and deepen engagement with the online gaming community [6] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][10]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for Q1 2026, representing a 34% increase compared to $142,227 in Q1 2025, primarily driven by increased portal fees and services related to equity securities [3][4] - Operating loss was approximately $3.3 million in Q1 2026, compared to an operating loss of approximately $2.5 million in Q1 2025 [4] - Loss per share improved to $1.27 from $5.10 in the same period last year [4] Business Line Data and Key Metrics Changes - The significant revenue increase was attributed to one issuer, which accounted for 73% of total revenues, successfully raising approximately $5 million during the quarter [3][4] Market Data and Key Metrics Changes - The company is focusing on integrating blockchain, digital assets, and crypto with traditional finance, indicating a strategic shift towards decentralized finance (DeFi) [6] Company Strategy and Development Direction - The company is committed to building a stronger, scalable business model, moving away from equity-based consulting revenue [5] - Establishment of a crypto advisory board and a game advisory board to enhance engagement and drive long-term growth [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the first quarter results, highlighting solid performance in core business and a strategic vision taking shape [5] - The company aims to lead in private market opportunities and direct investment opportunities for investors through innovation in blockchain and digital assets [6] Other Important Information - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [8]