NETCAPITAL INC C/WTS 12/07/2027 (TO PUR COM) | 10-K: FY2025 Revenue: USD 869.46 K

Revenue: As of FY2025, the actual value is USD 869.46 K.

EPS: As of FY2025, the actual value is USD -20.39.

EBIT: As of FY2025, the actual value is USD -8.321 M.

Segment Revenue

• Consulting services: $0 for the year ended April 30, 2025, compared to $3,633,900 for the year ended April 30, 2024.
• Fees from online services: $869,460 for the year ended April 30, 2025, compared to $1,317,535 for the year ended April 30, 2024.

Operational Metrics

• Net loss: - $28,301,325 for the year ended April 30, 2025, compared to - $4,986,317 for the year ended April 30, 2024.
• Gross profit: $829,116 for the year ended April 30, 2025, compared to $4,843,375 for the year ended April 30, 2024.
• Operating loss: - $8,321,317 for the year ended April 30, 2025, compared to - $3,442,388 for the year ended April 30, 2024.
• Consulting expense: $314,947 for the year ended April 30, 2025, compared to $610,209 for the year ended April 30, 2024.
• Marketing expense: $37,699 for the year ended April 30, 2025, compared to $333,771 for the year ended April 30, 2024.
• Rent expense: $79,568 for the year ended April 30, 2025, compared to $76,117 for the year ended April 30, 2024.
• Payroll and payroll related expenses: $3,502,166 for the year ended April 30, 2025, compared to $3,838,640 for the year ended April 30, 2024.
• General and administrative expenses: $5,216,053 for the year ended April 30, 2025, compared to $3,427,026 for the year ended April 30, 2024.

Cash Flow

• Net cash used in operating activities: - $5,339,211 for the year ended April 30, 2025, compared to - $4,879,838 for the year ended April 30, 2024.
• Net cash provided by financing activities: $4,765,457 for the year ended April 30, 2025, compared to $5,193,579 for the year ended April 30, 2024.

Unique Metrics

• Unrealized gain (loss) on equity securities: $18,050 gain for the year ended April 30, 2025, compared to - $2,696,135 loss for the year ended April 30, 2024.
• Impairment expense: - $19,915,556 for the year ended April 30, 2025, compared to - $1,048,430 for the year ended April 30, 2024.

Outlook / Guidance

• The Company plans to raise money from private placements, public offerings, and/or bank financing, and was able to complete two registered direct offerings in July 2025 for aggregate gross proceeds of $8 million.
• The Company’s management has determined, based on its recent history and the negative cash flow from operations, that it is unlikely that its plan will sufficiently alleviate or mitigate, to a sufficient level, the relevant conditions or events noted above.
• The Company plans to raise money from private placements, public offerings, and/or bank financing, and was able to complete two registered direct offerings in July 2025 for aggregate gross proceeds of $8 million.