Netcapital (NASDAQ:NCPL) Announces Quarterly Earnings Results, Misses Expectations By $0.87 EPS

Netcapital (NASDAQ:NCPL) released its quarterly earnings data on Monday. The company reported ($1.57) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.87), Zacks reports. Netcapital had a negative return on equity of 25.03% and a negative net margin of 562.71%. The business had revenue of $0.15 million during the quarter, compared to the consensus estimate of $1.13 million. During the same quarter in the previous year, the business posted ($13.60) earnings per share.

Netcapital Stock Performance

NASDAQ NCPL opened at $1.85 on Wednesday. Netcapital has a one year low of $1.41 and a one year high of $22.85. The stock has a 50-day moving average of $2.04 and a 200 day moving average of $1.95. The company has a market capitalization of $3.41 million, a price-to-earnings ratio of -0.06 and a beta of -0.48.

About Netcapital

Netcapital Inc operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. The company also provides various services, including automated onboarding process and filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; and rolling closes which provides access to liquidity before final close date of offerings, as well as assistance with annual fillings and direct access to team for ongoing support.