MCAP Inc. Reports Fourth Quarter 2023 EPS of $0.12 Per Share

Rhea-AI Summary

MCAP Inc. (MCAP) reported fourth-quarter 2023 earnings of $0.12 per share with a quarterly gross revenue of $43mm and after-tax net income of $2.8mm. The company focuses on expanding through investment in customer relationships, software development, and seeks M&A opportunities for long-term shareholder value.

ORLANDO, Fla., March 4, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology company, today reported fourth quarter 2023 earnings of $0.12 per share. Quarterly gross revenue was $43mm with NTR of $20mm, resulting in quarterly EBITDA of $4.3mm and after-tax net income of $2.8mm.

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.

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SOURCE MCAP Inc.

FAQ

What were MCAP's earnings per share for the fourth quarter of 2023?

MCAP reported earnings of $0.12 per share for the fourth quarter of 2023.

What was MCAP's quarterly gross revenue?

MCAP's quarterly gross revenue was $43mm.

What was MCAP's after-tax net income?

MCAP's after-tax net income was $2.8mm.

How does MCAP plan to expand its business?

MCAP plans to expand through investment in customer relationships, software development, and seeks M&A opportunities.

What is MCAP's focus for creating long-term shareholder value?

MCAP focuses on creating long-term shareholder value through strategic investments and seeking M&A opportunities.

What are MCAP's core competencies?

MCAP's core competencies include customer relationships, software development, and securities execution platforms.