MCAP Inc. Reports Second Quarter 2022 EPS of $0.10 Per Share

Rhea-AI Summary

MCAP Inc. (OTC: MCAP) announced its second quarter 2022 results, reporting earnings of $0.10 per share and revenues of $20.2 million, marking a 15% year-over-year increase. The company achieved an after-tax net income of $2.3 million and EBITDA of $2.7 million. MCAP is focused on growth through customer relationship investments, software development, and strategic partnerships, alongside pursuing M&A opportunities that align with its business model.

Positive

• 15% year-over-year revenue growth to $20.2 million.
• Net earnings of $0.10 per share.
• After-tax net income of $2.3 million.

Negative

• None.

ORLANDO, Fla., Aug. 4, 2022 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology and electronic securities market maker today reported second quarter 2022 net earnings of $0.10 per share.  Quarterly revenue was $20.2mm, a 15% YoY increase compared to 2nd quarter 2021.  Resulting quarterly after-tax net income was $2.3mm with EBITDA of $2.7mm.

MCAP continues to expand through its investment in customer relationships, software development, and strong 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 US 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 securities trading software and provides data services utilized in various financial markets. MBIT LLC is a digital asset company focused on crypto-currency and Blockchain. 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, LLC

FAQ

What is MCAP's second quarter 2022 revenue?

MCAP reported a revenue of $20.2 million for the second quarter of 2022.

What was the EPS for MCAP in Q2 2022?

MCAP's earnings per share (EPS) for the second quarter of 2022 was $0.10.

How much net income did MCAP report for Q2 2022?

MCAP reported an after-tax net income of $2.3 million in the second quarter of 2022.

What are MCAP's future business strategies?

MCAP is focusing on expanding through customer relationships, software development, and strategic partnerships, while also seeking M&A opportunities.