MCAP Inc. Reports Fourth Quarter 2022 EPS of $0.17 Per Share

Rhea-AI Summary

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.

Positive

• 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.

Negative

• None.

ORLANDO, Fla., Feb. 16, 2023 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology and electronic securities market maker, today reported fourth quarter 2022 net earnings of $0.17 per share.  Quarterly revenue was $37mm, a 60% increase compared to third quarter 2022.  Resulting quarterly after-tax net income was $3.9mm with EBITDA of $5.4mm.

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.     

About MCAP Inc.

MCAP Inc. is a U.S. based publicly traded corporation with three wholly owned subsidiaries:   MCAP Technologies LLC, MBIT LLC, and MCAP LLC.  MCAP Technologies LLC is a financial technology company that develops application software for securities trading and provides data services utilized in various global financial markets.  MBIT LLC is a digital asset company focused blockchain integration in the global financial markets.  MCAP LLC is a SEC-registered and FINRA member broker-dealer focused on electronic securities market making.

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. Readers are cautioned not to place undue reliance on forward-looking statements.

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SOURCE MCAP Inc.

FAQ

What were MCAP Inc.'s fourth quarter 2022 earnings per share?

MCAP Inc. reported earnings of $0.17 per share for the fourth quarter of 2022.

How much did MCAP Inc.'s revenue increase in the fourth quarter of 2022?

MCAP Inc.'s revenue increased by 60% to $37 million in the fourth quarter of 2022.

What was the after-tax net income for MCAP Inc. in Q4 2022?

The after-tax net income for MCAP Inc. in the fourth quarter of 2022 was $3.9 million.

What is MCAP Inc.'s strategy for growth according to the latest press release?

MCAP Inc. focuses on customer relationships, software development, and exploring M&A opportunities.