Netcapital Inc. - NCPL STOCK NEWS

Netcapital Inc. has been awarded the title of Best Crowdfunding Platform at the 2023 FinTech Breakthrough Awards, recognizing its achievements in the FinTech sector. This award represents the company’s second consecutive win, selected from over 4,000 global nominations. Founded by Jason Frishman, Netcapital focuses on providing innovative services in private capital markets, allowing businesses to raise funds efficiently. The award highlights Netcapital's commitment to delivering exceptional value to both investors and emerging companies seeking growth capital.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) reported significant financial growth for Q3 and the first nine months of fiscal year 2023, ending January 31, 2023. Revenue surged by 25% year-over-year to $2.3 million in Q3, while the first nine months saw a 48% increase to $5.4 million. The company achieved positive operating income of $571,000 in Q3, compared to an operating loss of $135,000 the previous year. Earnings per share reached $0.33 for Q3 and $0.46 for the first nine months. The company also reduced debt by $1 million and successfully closed a $5 million public offering.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced it will report its financial results for Q3 FY2023, concluding on January 31, 2023, after market close on March 16, 2023. A conference call for investors is scheduled for March 17, 2023, at 10:00 a.m. ET. Netcapital operates a fintech platform that facilitates capital raising for private companies and offers investment opportunities to investors. The press release includes a disclaimer on forward-looking statements, highlighting the inherent risks and uncertainties associated with future performance.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has entered a referral agreement with JD Merit Securities, LLC, a boutique investment bank. This partnership aims to facilitate fundraising for early-stage technology companies by sharing revenues from private companies referred to the Netcapital funding portal. Jason Frishman, Netcapital's founder, emphasized the agreement's potential to provide access to growth capital. JD Merit's Joel M. Price noted the partnership enhances client service by improving access to capital for startups. Both parties anticipate that their combined efforts can significantly benefit emerging businesses.

Netcapital Inc., a digital private capital markets ecosystem, announced that its founder, Jason Frishman, will present at the Sidoti Micro-Cap Virtual Conference on January 18, 2023. The virtual event will cover how Netcapital democratizes access to capital in private equity markets, highlighting a market opportunity worth trillions, key growth drivers, and proven technology. Interested investors can register to view the live presentation and may request one-on-one meetings through their Sidoti representative or directly via Netcapital's investor relations.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has announced a partnership with Templum Markets LLC, an operator of an Alternative Trading System (ATS). This collaboration aims to enhance liquidity options for investors participating in Netcapital's funding portal. By gaining direct access to Templum's ATS, Netcapital plans to provide a structured trading venue for private securities, representing a competitive advantage in the digital private markets. CEO Martin Kay emphasizes the benefits this partnership will unlock for both investors and issuers.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has appointed Martin Kay as the new CEO, effective January 3, 2023. He succeeds Dr. Cecilia Lenk, who will lead Netcapital Advisors, a subsidiary of the company. Kay brings extensive experience from Accenture and Bain, and is expected to enhance the firm's growth during a time of increasing investor interest in private capital markets. Kay expressed optimism about the company’s opportunities amidst current economic conditions, underlining the demand for integrated investment offerings.