Netcapital Inc. (NCPL)

Netcapital Income Statement

Financials in millions USD. Fiscal year is May - April.

Year	2023	2022	2021	2020	2019
Revenue	8.49	5.48	4.72	1.75	1.01
Revenue Growth (YoY)	54.98%	16.09%	169.22%	73.00%	811.76%
Cost of Revenue	0.09	0.11	0.76	0.01	0.03
Gross Profit	8.41	5.37	3.96	1.74	0.99
Selling, General & Admin	5.55	5.51	3.68	0.14	0.12
Other Operating Expenses	0.59	0.89	0.69	0.46	0.24
Operating Expenses	6.14	6.4	4.36	0.6	0.36
Operating Income	2.27	-1.03	-0.4	1.15	0.62
Interest Expense / Income	0.09	0.13	0.09	0.02	0.02
Other Expense / Income	-1.63	-5.21	-2.57	0.7	0.02
Pretax Income	3.81	4.05	2.08	0.42	0.59
Income Tax	0.85	0.54	0.61	-0.18	0
Net Income	2.95	3.5	1.47	0.6	0.58
Net Income Growth	-15.66%	138.39%	142.98%	3.77%	344.51%
Shares Outstanding (Basic)	5	3	1	0	0
Shares Outstanding (Diluted)	5	3	2	0	0
Shares Change	70.18%	66.85%	309.49%	8.47%	16.32%
EPS (Basic)	0.63	1.31	1.18	1.50	-
EPS (Diluted)	0.63	1.27	0.89	1.50	-
EPS Growth	-50.39%	42.70%	-40.67%	-	-
Free Cash Flow	-4.62	-3.01	-3.25	-0	0.03
Free Cash Flow Per Share	-0.99	-1.13	-2.60	-0.01	0.08
Gross Margin	99.00%	97.99%	83.92%	99.37%	97.51%
Operating Margin	26.75%	-18.81%	-8.50%	65.42%	61.60%
Profit Margin	34.79%	63.92%	31.13%	34.49%	57.51%
Free Cash Flow Margin	-54.36%	-54.86%	-68.86%	-0.21%	3.01%
Effective Tax Rate	22.42%	13.44%	29.43%	-42.37%	0.64%
EBITDA	4	4.17	2.17	0.44	0.61
EBITDA Margin	47.08%	76.15%	45.96%	25.30%	59.79%
Depreciation & Amortization	0.1	0	0	0	0
EBIT	3.9	4.17	2.17	0.44	0.61
EBIT Margin	45.95%	76.15%	45.96%	25.30%	59.79%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).