MCAP Inc. Reports Fourth Quarter 2022 EPS of $0.17 Per Share
MCAP Inc. (OTC: MCAP) announced fourth quarter 2022 earnings of $0.17 per share, with quarterly revenue reaching $37 million, a 60% increase from Q3 2022. The company's after-tax net income was $3.9 million, accompanied by EBITDA of $5.4 million. MCAP focuses on enhancing customer relationships, software development, and strategic partnerships. Additionally, the company is exploring M&A opportunities aligned with its core competencies to drive long-term shareholder value.
- Quarterly revenue increased by 60% from Q3 2022 to $37 million.
- Net income for the quarter reached $3.9 million.
- EBITDA for the quarter was $5.4 million.
- None.
MCAP continues to expand through its focus on customer relationships, application software development, and growth of strategic partnerships. The Company also seeks M&A opportunities that are aligned with the Company's core competencies while creating long term shareholder value.
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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. Readers are cautioned not to place undue reliance on forward-looking statements.
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