Q1 2025 Netcapital Inc Earnings Call Transcript
Key Points
- Netcapital Inc (NCPL) launched the beta version of its secondary trading platform through Templum ATS, which is approved in over 50 US states and territories.
- The company is focusing on establishing a broker-dealer subsidiary to diversify revenue sources and offer Reg A+ and Reg D deals.
- Netcapital Inc (NCPL) regained compliance with Nasdaq's Listing Rule 5550(a)(2), ensuring continued trading on Nasdaq.
- The company remains committed to its vision of empowering entrepreneurs and investors through a streamlined platform for capital raising and investing.
- Netcapital Inc (NCPL) has put in place an ATM agreement to support its financial stability and operations.
- Revenues for the first quarter of fiscal 2025 decreased by approximately 91% to $142,227 compared to the same period in 2024.
- The company reported an operating loss of approximately $2.5 million for the first quarter of fiscal 2025, significantly higher than the $749,020 loss in the same period of 2024.
- Net loss for the first quarter of fiscal 2025 was $2,527,170, compared to $491,655 for the same period in the prior year.
- Revenue from portal fees decreased by approximately 60% to $89,429 in the first quarter of fiscal 2025.
- The company faces challenges with the cyclicality and unpredictability of its business, particularly in the fundraising climate.
Good day, everyone, and welcome to the Netcapital Inc quarterly earnings call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions and comments after the presentation.
It is now my pleasure to turn the floor over to your host, Coreen Kraysler. Ma'am, the floor is yours.
Thank you, Matt. Good morning, everyone, and thank you for joining the Netcapital's first quarter fiscal 2025 financial results conference call. This is Coreen Kraysler, CFO of Netcapital Inc. I will begin with a review of our financial results. Following that, our Chief Executive Officer, Martin Kay will deliver his prepared remarks before we open up the Q&A portion of our call.
Before we begin, I'd like to draw your attention to the customary Safe Harbor disclosure regarding forward-looking information. Management's discussion may include forward-looking statements. These statements relate to future events or future financial performance and involve
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