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