Netcapital Inc (NCPL) Q4 2024 Earnings Call Highlights: Navigating Revenue Declines and ...

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Revenue: Decreased by 42% to $4,951,435 in fiscal 2024 from $8,493,985 in fiscal 2023. Consulting Services Revenue: Dropped by 52% to $3.44 million in fiscal 2024 from $7.1 million in fiscal 2023. ...

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GuruFocus has detected 4 Warning Signs with NCPL.\n\nRelease Date: July 30, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nThe average amount raised in an offering on the Netcapital Funding Portal increased significantly from $128,000 to $280,000 year over year.\nThe total number of successful offerings on the platform increased from 50 to 53.\nRevenue from portal fees more than doubled, increasing by 109% year over year.\nSignificant deals were closed by issuers, including Avadain and EarthGrid PBC, totaling almost $8 million.\nNetcapital introduced a 1% fee on equity raised by issuers, earning equity securities from 30 clients.\n\n Negative Points \n\nRevenues for fiscal 2024 decreased by 42% to $4,951,435 compared to the previous year.\nConsulting services for equity securities saw a significant drop, decreasing by 52% to $3.44 million.\nAn unrealized loss of approximately $2.7 million was recognized in the value of equity securities.\nAn impairment loss of $1,048,430 was recorded due to the devaluation of intangible assets.\nThe company reported an operating loss of $3,442,388 for fiscal 2024, compared to an operating income in the previous year.\n\n Q & A Highlights \nQ: Hi. Good morning. Just a question on portal fees and the growth there. What initiatives are you doing to maintain and/or increase that growth? A: Martin Kay, President, Chief Executive Officer, Director: We are focusing on increasing the number of issuers on our platform and ensuring their success. This involves innovating our connections with new companies and leveraging digital marketing to engage communities. We are also targeting larger issuers as we move into the Reg A+ business.\nQ: You mentioned the ATS platform, do you have any timeline as far as the progression there? A: Martin Kay, President, Chief Executive Officer, Director: We have launched the platform in a production environment to a closed group of users and expect to open it to a broader group before the end of this year. We are proceeding carefully to ensure a high-quality user experience.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474206773"}