Netcapital FY24 Revenues Decrease By Approximately 42% Y/Y To $4.9M; Loss Per Share Of $(0.41), Were Down From EPS Of $0.63 Last Year
Portfolio Pulse from Benzinga Newsdesk
Netcapital reported a 42% year-over-year decrease in FY24 revenues to $4.9 million. The company also posted a loss per share of $(0.41), down from an EPS of $0.63 last year.
July 29, 2024 | 9:36 pm
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Netcapital reported a significant decline in both revenues and earnings for FY24. Revenues decreased by 42% year-over-year to $4.9 million, and the company posted a loss per share of $(0.41), down from an EPS of $0.63 last year.
The significant decline in both revenues and earnings is likely to negatively impact Netcapital's stock price in the short term. Investors may react unfavorably to the 42% drop in revenues and the shift from a positive EPS to a loss per share.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100