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MCAP Inc. Reports First Quarter 2024 EPS of $0.01 Per Share

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MCAP, a financial technology company, reported a first quarter 2024 EPS of $0.01 per share. Total revenue for the quarter was $25 million, with an EBITDA of $329 million and an after-tax net income of $203 million. The company is expanding through investments in customer relationships, application software development, and securities execution platforms. Additionally, MCAP is pursuing M&A opportunities that align with its core competencies to create long-term shareholder value.

Positive
  • First quarter 2024 EPS of $0.01 per share.
  • Quarterly total revenue of $25 million.
  • Quarterly EBITDA of $329 million.
  • After-tax net income of $203 million.
  • Investments in customer relationships, application software development, and securities execution platforms.
  • Pursuing M&A opportunities aligned with core competencies.
Negative
  • Relatively low EPS at $0.01 per share.
  • Important to scrutinize how investments will impact future profitability.
  • M&A activities could bear risks if not well-aligned or integrated.

ORLANDO, Fla., May 16, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology company, today reported first quarter 2024 earnings of $0.01 per share. Quarterly total revenue was $25mm, resulting in quarterly EBITDA of $329m and after-tax net income of $203m.

MCAP continues to expand through its investment in customer relationships, application software development, securities execution platforms and diversification of business lines. The Company also seeks additional M&A opportunities that are aligned with the Company's core competencies while creating long-term shareholder value.

About MCAP Inc.

MCAP Inc. is a U.S. based public holding company owning subsidiaries and investments in various companies. The Company's principal focus is financial technology businesses that conduct business globally. The Company owns, develops, and invests in the electronic market making and execution sector, securities trading technologies, and alternative trading platforms.

Please visit our website:  www.MCAPtech.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks, and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Earnings are adjusted non-GAAP. Readers are cautioned not to place undue reliance on forward-looking statements.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mcap-inc-reports-first-quarter-2024-eps-of-0-01-per-share-302148095.html

SOURCE MCAP Inc.

FAQ

What was MCAP's EPS for the first quarter of 2024?

MCAP reported an EPS of $0.01 per share for the first quarter of 2024.

What were MCAP's total revenues for the first quarter of 2024?

MCAP's total revenues for the first quarter of 2024 were $25 million.

What was MCAP's EBITDA for the first quarter of 2024?

MCAP reported an EBITDA of $329 million for the first quarter of 2024.

What was MCAP's after-tax net income for the first quarter of 2024?

MCAP's after-tax net income for the first quarter of 2024 was $203 million.

How is MCAP expanding its business?

MCAP is expanding through investments in customer relationships, application software development, and securities execution platforms.

Is MCAP pursuing any M&A opportunities?

Yes, MCAP is seeking additional M&A opportunities that align with its core competencies to create long-term shareholder value.

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Software - Application
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United States of America
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