Netcapital Inc (NCPL) Quote

https://netcapital.com/companies/magfast

Thanks,I saw it green yesterday on my watch list, forgot to look why,been waiting for the offering closure,.201s filling now

The warrants weeeeeee

Offering closed at 1:00 pm today I added a few more looks like mms are staking up at 3.88

Offering killed it this time

This company will always dump after good news. I’m pretty sure it’s the only way they can keep their doors open.

New 38 day high,slow and steady,hope it doesn’t get found/pumped/dumped,gotta love that Graphene

Missed rev. (.06%pffft)For 2nd Q, but who cares with what’s to come,they did beat eps by 30%,ppl going to find out what GRAPHENE is soon imo

30% swing before the am. sell off,low .30s might be gone now as ppl finding this,Institution transactions up 103%

Graphene is the newest/greatest technology imo it could be a good driving force of greed with it’s amazing properties,many multiples better then current technologies

NEWS
Netcapital Funding Portal Revenues Increase by More Than 150%
Total Revenues Increase by 15%

Management to Host Earnings Call on December 15, 2023, at 10:00 a.m. ET

BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced select financial results for the second quarter of fiscal year 2024 ended October 31, 2023.

“It was a strong quarter for our funding portal business, which experienced revenue growth of 151%," said Martin Kay, CEO of Netcapital Inc. "This was driven by a significant increase in investment dollars closed on the Netcapital funding portal platform during the quarter, helped by the success of several large issuers, including Avadain, a graphene technology company, and EarthGrid PBC, a plasma boring technology company.”

Second Quarter Fiscal 2024 Financial Highlights

Revenues grew by approximately 15% year-over year to $2.0 million, compared to revenue of $1.8 million in the second quarter of fiscal year 2023.
Funding portal revenues increased approximately 151% year-over-year to $462,706, compared to $184,095 in the second quarter of fiscal 2023.
Diluted earnings per share of $0.04 in the three months ended October 31, 2023, were flat compared to diluted earnings per share of $0.04 for the same period in the prior year.
For additional disclosure regarding Netcapital’s operating results, please refer to the Quarterly Report on Form 10-Q for the period ended October 31, 2023, which has been filed with the Securities and Exchange Commission.

Conference Call Information

The Company will host an investor conference call on Friday, December 15, 2023 at 10:00 a.m. ET.

Participant access: 844-985-2012 or 973-528-0138
Conference entry code:
473254

For those unable to participate in the live call, a replay will be made available in the Investors section of the Company’s website.

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Netcapital Inc.

Income Statements

(Unaudited)


Three Months Ended Three Months Ended Six Months Ended Six Months Ended
October 31, 2023 October 31, 2022 October 31, 2023 October 31, 2022

Revenues
$

2,041,658



$

1,778,973



$

3,561,467



$

3,119,546



Costs of services


20,134





36,235





38,187





57,298



Gross profit


2,021,524





1,742,738





3,523,280





3,062,248




Costs and expenses:
Consulting expense


204,734





199,781





368,676





325,392



Marketing


46,731





32,882





288,619





40,662



Rent


18,379





17,187





37,989





34,399



Payroll and payroll related expenses


1,050,835





876,908





2,087,877





1,646,848



General and administrative costs


648,625





280,815





1,436,919





673,112



Total costs and expenses


1,969,304





1,407,573





4,220,080





2,720,413



Operating income (loss)


52,220





335,165





(696,800

)



341,835




Other income (expense):
Interest expense


(10,562

)



(22,978

)



(23,866

)



(59,290

)

Gain on debt conversion


-





-





-





224,260



Amortization of intangible assets


(28,331

)



(21,081

)



(56,662

)



(42,162

)

Unrealized loss on equity securities


-





(8,968

)



-





(8,968

)

Realized loss on sale of investment


-





-





-





(406,060

)

Total other income (expense)


(38,893

)



(53,027

)



(80,528

)



(292,220

)

Net income before taxes


13,327





282,138





(777,328

)



49,615



Income tax expense (benefit)


(326,289

)



99,000





(625,289

)



(198,000

)

Net income (loss)
$

339,616



$

183,138



$

(152,039

)

$

247,615




Basic earnings per share
$

0.04



$

0.04



$

(0.02

)

$

0.07



Diluted earnings per share
$

0.04



$

0.04



$

(0.02

)

$

0.07




Weighted average number of common shares outstanding:
Basic


9,435,491





4,289,802





8,453,349





3,729,174



Diluted


9,435,741





4,290,052





8,453,349





3,729,424

Excellent awakening,beginning/middle/end of day vol surges,chart and lvl2 looks good,accumulation continues,ceilings and floors are res/support

Parabolic stop and restart flipped to buy today on daily (30 days) macd bullish over bears,last time was Oct 16th to start run up,also last 2 days candles match exactly,sm200 is .89 lots of run room,just need patience now

Might be nearing a big pop again,thought I would let u know to watch bro

Accumulation,Nov16th,negative-.0394,today 25.90 steady climb since 16th

Buying vol up 250% today,since the big dump on nov 16(usually a big dump when dilution/debt is done,hence the drop before pop)

NOT OPTIONABLE (always good for retail) shares to short dropped 20% eod yesterday,fee 122%

Sales 9M,PROFITING 2.4M,institutional up 94%(holding 20% now),insiders 21%,

#1 on my scanner,7M float,9M o/s,debt/eq .06(GREEN),book pps $4.08

Clearly this company is not making enough to pay its employees. I’m assuming it’s going there

ChumpnDump Company in last 6 months has taken cash out and diluted shareholders
May 1.1M shares@$1.55
July 1.725M shares@$.70
Now 11.136M shares@.449
Who is getting this cash?

https://www.barrons.com/articles/american-weekend-entertainment-teams-with-netcapital-for-capital-raise-18a6e4cd

Great news! https://www.businesswire.com/news/home/20231031350337/en/Netcapital-Funding-Portal-Success-Story-Avadain-Raises-4.5-Million-in-Sold-Out-Capital-Offering

https://www.businesswire.com/news/home/20231024737611/en/Netcapital-Funding-Portal-Facilitates-3.3-Million-Capital-Raise-by-EarthGrid-PBC

Anyone know why we’re spiking 20% so far today?
$NCPL

NCPL new 52 week low

NCPL new 52 week low

NCPL new 52 week low

NCPL new 52 week low

https://www.benzinga.com/trading-ideas/long-ideas/23/07/33389274/top-5-financial-stocks-that-may-rocket-higher-in-q3

Yup. They sure did

they get a letter from naz yet?

New 52 week low again

NCPL new 52 week low

NCPL new 52 week low

S1 Amendment for more shares to sell. Geez really

Ran nicely after hours the other day. Won’t take much to get this back to where it belongs. Some gaps to fill at $1s.

Wow they did that big of a reverse split ? The offering is way below 52 week low of .70. Horribly managed company .

Repeat offender here…… capital raise after capital raise. I had such high hopes for this company before it reversed split 2000–1. I’m still shaking my head they did that at the time they did it. Every subber was running hard but because of the pending massive reverse it just sat stuck in the mud….. dumped it along time ago but still watch to see what happens, which is nothing…… EVER.

Then they shouldn’t be in business .

They can't make enough money to pay their bills

Another offering weeks later. I’m out. Scum to do that. I just saw the AS is 900 mill. No wonder.

Did they really do another offering just now ?? What the heck is wrong with them. They couldn’t wait .

Nice News! Fee based sales up a lot. Turned from a loss to positive cash flow since last year.

Increased sales and positive cash flow. Nice news today .

I think there is a $5 price target by an analyst .

Great to see it driven by fee income and not just equity stake value increase. This is a $5 stock easy.

What a turn around. Positive income over 2 mill compared to a loss of 1mill last year.

Impressive numbers.


https://www.otcmarkets.com/filing/html?id=16778953&guid=STD-kKVtZcJzB3h

Todays rate…..yowza
NCPL - NETCAPITAL INC COM 111.75%