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10-Q: Q1 2025 Earnings Report

10-Q: Q1 2025 Earnings Report

10-Q:2025财年一季报
美股SEC公告 ·  2024/09/16 13:07

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Netcapital Inc. reported significant revenue decline for Q1 FY2025 ended July 31, 2024, with total revenue dropping 91% to $142,227 from $1.52 million in the same period last year. The decrease was primarily attributed to reduced equity-based consulting revenues, while portal fees declined 60% to $89,429. The company's operating loss widened to $2.51 million from $749,020 year-over-year.The company's financial position has deteriorated, with negative working capital of $2.51 million as of July 31, 2024. Management has implemented cost-reduction measures, including layoffs and reduced operating expenses, while focusing on the funding portal business. The company is seeking additional capital through private placements, public offerings, and bank financing to support operations.In recent developments, Netcapital regained Nasdaq compliance following a 1-for-70 reverse stock split effective August 1, 2024. The company entered into an At-The-Market offering agreement with H.C. Wainwright & Co. for up to $2.1 million in August 2024, and its subsidiary Netcapital Securities Inc. has applied for broker-dealer registration with FINRA to potentially expand revenue streams.
Netcapital Inc. reported significant revenue decline for Q1 FY2025 ended July 31, 2024, with total revenue dropping 91% to $142,227 from $1.52 million in the same period last year. The decrease was primarily attributed to reduced equity-based consulting revenues, while portal fees declined 60% to $89,429. The company's operating loss widened to $2.51 million from $749,020 year-over-year.The company's financial position has deteriorated, with negative working capital of $2.51 million as of July 31, 2024. Management has implemented cost-reduction measures, including layoffs and reduced operating expenses, while focusing on the funding portal business. The company is seeking additional capital through private placements, public offerings, and bank financing to support operations.In recent developments, Netcapital regained Nasdaq compliance following a 1-for-70 reverse stock split effective August 1, 2024. The company entered into an At-The-Market offering agreement with H.C. Wainwright & Co. for up to $2.1 million in August 2024, and its subsidiary Netcapital Securities Inc. has applied for broker-dealer registration with FINRA to potentially expand revenue streams.
Netcapital Inc.报告了2025财年第一季度(截至2024年7月31日)营业收入的大幅下降,总收入从去年同期的152万美元下降91%,降至142,227美元。下降主要归因于股权咨询收入减少,同时门户费用下降60%,降至89,429美元。公司的营业亏损同比扩大至251万美元,较去年749,020美元有所增加。 截至2024年7月31日,公司的财务状况恶化,营运资本为负251万美元。管理层已经实施成本削减措施,包括裁员和减少营业费用,同时专注于融资门户业务。公司正在通过私募、公开发行和银行融资寻求额外资本以支持运营。 在最近的发展中,Netcapital在2024年8月1日实施1股...展开全部
Netcapital Inc.报告了2025财年第一季度(截至2024年7月31日)营业收入的大幅下降,总收入从去年同期的152万美元下降91%,降至142,227美元。下降主要归因于股权咨询收入减少,同时门户费用下降60%,降至89,429美元。公司的营业亏损同比扩大至251万美元,较去年749,020美元有所增加。 截至2024年7月31日,公司的财务状况恶化,营运资本为负251万美元。管理层已经实施成本削减措施,包括裁员和减少营业费用,同时专注于融资门户业务。公司正在通过私募、公开发行和银行融资寻求额外资本以支持运营。 在最近的发展中,Netcapital在2024年8月1日实施1股换70股的反向拆股后重新获得了纳斯达克的合规性。公司在2024年8月与H.C. Wainwright & Co.签订了最多210万美元的市场发行协议,其子公司Netcapital Securities Inc.已向FINRA申请经纪交易商注册,以可能扩大收入来源。
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