Netcapital (US:NCPL)2025-03-19 15:20Financial Data and Key Metrics Changes - Revenues for Q3 Fiscal 2025 decreased by $890,111 or approximately 85% to $152,682 compared to $1,042,793 in Q3 Fiscal 2024 [4] - The operating loss for Q3 Fiscal 2025 was reported at $1,687,692, compared to an operating loss of $1,205,157 in Q3 Fiscal 2024 [5] - The net loss for Q3 Fiscal 2025 was approximately $3,006,537, compared to a net loss of approximately $2.2 million in the same period of the prior year [5] - A net loss per share of $1.57 was reported for Q3, compared to a loss of $13.60 per share for the same period in the prior year [6] Business Line Data and Key Metrics Changes - The decline in revenue was primarily attributed to the lack of consulting service revenue for equity securities in Q3 2025, which was $862,346 in Q3 2024 [5] Company Strategy and Development Direction - The company has shifted focus towards establishing its broker-dealer subsidiary, Netcapital Securities, Inc., which received FINRA approval on November 22, 2024 [5][10] - The broker-dealer is now approved to handle private placements of securities, support companies raising equity capital under Reg A and Reg D, and partner with other broker-dealers [9][10] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic despite the uncertain market environment and looks forward to updating stakeholders on progress [11] Other Important Information - An impairment charge of $1.3 million was recorded for one of the portfolio companies during Q3 [6] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the call transitioned directly to the conclusion after management's remarks [12][13]