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Netcapital Reports Annual Revenue Growth of 169% to $4.7 Million

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Netcapital Inc. (OTCQX: NCPL) reported a remarkable fiscal 2021, achieving revenues of $4,721,003, a 169% increase year-over-year, and a net income surge of 143%, totaling $1,469,660. The company saw its cash balances rise to $2.5 million and the value of equity securities rise by 348% to $6,298,008. Additionally, its book value increased to $8.61 per share. The funding portal's market share tripled, showing significant growth momentum with over $17 million invested through the platform this year.

Positive
  • Net income increased by 143% to $1,469,660.
  • Revenues grew by 169% year-over-year to $4,721,003.
  • Cash balances reached $2.5 million.
  • Equity securities at fair value rose by 348% to $6,298,008.
  • Book value increased to $8.61 per share.
  • Funding portal market share tripled with over $17 million invested.
Negative
  • None.

Funding Portal Market Share Triples

Highlights:

  • Net income increased by 143% to $1,469,660 with fully diluted EPS of $0.89
  • Cash balances grew to $2.5 million
  • Equity securities at fair value rose by 348% to $6,298,008
  • Book value rose to $8.61 per share

BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced fiscal 2021 revenues of $4,721,003, an increase of 169% over the previous year. Net income increased by 143% to $1,469,660, resulting in fully diluted earnings per share of $0.89.

“This was a transformational year for our company, as the purchase of the Netcapital funding portal placed us at the forefront of emerging technology in digital capital markets,” said Dr. Cecilia Lenk, CEO of Netcapital Inc. “With the significant increase in Reg CF offering limits from $1 million to $5 million, the outlook for the industry remains bright, and we are optimistic about our future growth prospects.”

“Our portfolio companies also continue to perform well,” added Dr. Lenk. “Deuce Drone successfully completed its first food delivery operation. Zelgor completed a stability test launch of its first mobile game, Noobs in Space, and ChipBrain sold out two rounds of financing on the Netcapital platform.”

“The Netcapital funding portal is showing strong momentum. More than $17 million dollars were invested through the platform this year, while our market share has more than tripled. Growth accelerated into the fourth quarter, with dollars invested through the portal up 740% vs. the fourth quarter of last year,” said Jason Frishman, CEO of Netcapital Funding Portal Inc. “Visitors to the site have been surging, with more than 300,000 unique visitors to netcapital.com during the month of June, while recent enhancements to our site have helped propel a significant increase in the number of investor accounts. We look forward to delivering continued momentum going forward.”

Netcapital Inc. Will Host An Earnings Conference Call on September 8, 2021

Netcapital Inc. will discuss its fiscal 2021 results via an investor conference call on Wednesday, September 8, 2021 at 12:00 p.m. ET. To join the call, please use the following access numbers:

  • Phone Numbers: 844-985-2012, 973-528-0138
  • Conference ID: 641245

Those unable to listen to the call live may access a replay via the Investors section of Netcapital Inc.’s website: www.netcapitalinc.com.

For additional disclosure regarding operating results, please refer to the Annual Report on Form 10-K for the period ended April 30, 2021, which has been filed with the Securities and Exchange Commission.

About Netcapital Inc.:

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Netcapital Inc.:

Coreen Kraysler, CFA

CFO

781-925-1700

coreen.kraysler@netcapital.com

Source: Netcapital Inc.

FAQ

What were Netcapital Inc.'s revenues for fiscal 2021?

Netcapital Inc. reported revenues of $4,721,003 for fiscal 2021.

How much did Netcapital Inc.'s net income increase?

Netcapital Inc.'s net income increased by 143% to $1,469,660.

What is the current book value per share for NCPL?

The book value per share for Netcapital Inc. is $8.61.

When will Netcapital Inc. host an earnings conference call?

Netcapital Inc. will host an earnings conference call on September 8, 2021.

How much capital was invested through the Netcapital funding portal this year?

Over $17 million was invested through the Netcapital funding portal this year.

What percentage increase was observed in equity securities at fair value?

Equity securities at fair value rose by 348% to $6,298,008.

What was the fully diluted earnings per share for NCPL?

The fully diluted earnings per share for Netcapital Inc. was $0.89.

Netcapital Inc.

NASDAQ:NCPL

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