Netcapital (US:NCPL)2021-09-27 16:59Company Overview - Netcapital is a fintech company with a scalable technology platform that empowers private companies to raise capital online and provides investors with access to new investment opportunities[7] - The company incubates and takes equity positions in select, early-stage companies with disruptive technologies[7] Market Opportunity - In 2020, $149 billion was raised through U S venture funding[12] - In June quarter 2021, $70 billion was raised through U S venture funding[12] - Private capital markets are growing at twice the rate of public markets[12] Financial Performance (Q1 2022 Results) - Net income increased by 4,621% to $1.5 million[20] - Book value per share grew to $9.26[20] - Fully diluted EPS was reported at 65 cents per share[20] - Equity securities at fair value increased by 204% to $9.6 million[20] Platform Growth - Dollars invested through the platform increased by 500% compared to the prior year's first quarter[29] - New users increased by 454%, dollars invested by 500%, and traffic by 445% year-over-year for the quarter ended July 31, 2021[33] Regulatory Tailwind - The SEC raised funding limits for RegCF to $5 million from $1.07 million, Reg D, Rule 504 to $10 million from $5 million, and Regulation A Tier 2 to $75 million from $50 million on March 15, 2021[35, 36, 37]